Investing

Amazon Catalysts in 2026 and Beyond

Commerce cost-to-serve deflation, re-accelerating AWS economics, and rising ad profitability

Dec 22, 2025 • Bernardo

Are AI Chip "Useful Lives" Creating Useless Earnings?

Michael Burry's depreciation warning, hyperscaler AI CapEx, and the cash reality at Alphabet and Amazon

Dec 4, 2025 • Bernardo

Selling PDD Holdings (PDD): Upgrading My Portfolio While Staying Bullish on China

How disclosure quality, relative conviction, and risk diversification led me to rotate out of PDD and into UBER and CSU

Nov 27, 2025 • Bernardo

Evolution AB's Q3 2025: When Short-Term Problems Become Structural

How Q3 (and Q2) results force a rethink of my investment thesis, and what must change for Evolution to re-earn a growth multiple

Nov 20, 2025 • Bernardo

Uber Technologies Inc. (UBER) Q3 2025 Results: The Global Royalty on Movement Shows Its Earnings Power

Why I see Uber as an asset-light, cash-generating "royalty business" on real-world demand, and why today’s price still embeds skepticism

Nov 13, 2025 • Bernardo

Alphabet Inc. (Google) Q3 2025 Results: A Full-Stack Flywheel Meets Relentless Execution

Alphabet’s quarter, the CapEx super-cycle, and a still-mispriced leader

Nov 6, 2025 • Bernardo

Brookfield's Investor Day 2025: A Blueprint for Compounding Decades Ahead

AI infrastructure, investment-led insurance, a recovery in real estate, and a conservative balance sheet powering the next growth leg

Oct 22, 2025 • Bernardo

Undervalued by Design: Amazon, Alphabet & the Economics of Aggregation

Pre-internet rules can't price post-internet platforms

Oct 7, 2025 • Bernardo

Parallel Plays: Where My Portfolio and Bill Ackman's Pershing Square Converge and Diverge

Why I built stakes in Alphabet, Amazon, Brookfield, and Uber; sometimes ahead of Ackman, and where our paths split

Sep 4, 2025 • Bernardo

Amazon's Q2 2025 Results: Still Early at $123B AWS Run Rate

Re-acceleration across Retail and Ads, AWS demand locked in, and CapEx as a feature, not a bug

Aug 26, 2025 • Bernardo

High Conviction, High Returns: Inside Bill Ackman's Pershing Square Holdings Portfolio

Two decades of lessons from Bill Ackman's focused, conviction-driven investment strategy

Aug 18, 2025 • Bernardo

Evolution AB's Q1 2025: Navigating Challenges for Sustainable Growth

A review of Evolution AB's Q1 2025 slowdown and why it may be temporary

May 3, 2025 • Bernardo

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