Your daily smart-money briefing — for investors who think in Sharpe ratios.
Track the investors and stocks you care about. Every filing, every interview, every disclosure — summarized to one screen each morning. 5 minutes a day.
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Data through Jul 16, 2026
Every entry below is an auto-generated factual summary of a public filing or disclosure. Not investment advice. Verify before acting.
Symbols
Terms
past 90 days · 1 event · 1 citation →
Longleaf warns markets have reached dangerous speculative levels, with AI-driven multiples disconnected from actual free cash flow.
Auto-generated beat summary over window ending Jul 16, 2026. Not investment advice. Verify before acting.
past 90 days · 1 event · 1 citation →
Boyar Value flagged a bubble in semiconductor earnings, not valuations, as memory-chip stocks soar on unsustainable profit assumptions while software faces unwarranted pessimism.
Auto-generated beat summary over window ending Jul 16, 2026. Not investment advice. Verify before acting.
past 90 days · 1 event · 1 citation →
Marks traces direct lending's rise from innovation to bubble dynamics, warning of software debt risks and redemption pressures in public vehicles.
Auto-generated beat summary over window ending Jul 7, 2026. Not investment advice. Verify before acting.
Letters and memos from the investors we follow. Each card links to our digest — the original publisher is one click away.
Letter
· 2026-Q2
Boyar Value flagged a bubble in semiconductor earnings, not valuations, as memory-chip stocks soar on unsustainable profit assumptions while software faces unwarranted pessimism.
Original on boyarvaluegroup.com ↗2026-06-30
Letter
· 2026-Q2
Longleaf warns markets have reached dangerous speculative levels, with AI-driven multiples disconnected from actual free cash flow.
Original on southeasternasset.com ↗Recent podcast episodes from the investors we track — synthesized summaries and the moments worth hearing.
rss.libsyn.com · 2026-07-13 · 57min
Baroness Dambisa Moyo, global economist and board member at Chevron, Starbucks, and Conde Nast, spoke with Ted Seides on Capital Allocators about her career spanning public policy, corporate governance, and capital allocation. Moyo traced her path from growing up in Zambia — where she said she avoided ideological frameworks — through Goldman Sachs and onto major corporate boards, arguing that exposure to over 80 countries shaped her judgment on economic growth. On board governance, Moyo emphasized that effective boards avoid groupthink by ensuring lead directors do not anchor discussion with their own opinions before hearing from others, and that black-swan scenario questions are underused in CEO hiring. Regarding the family office, Altered Trajectory, formed after the 2018 sale of Qualtrics, Moyo said the portfolio was initially over-diversified at 47 managers with overlapping theses and significant China exposure that underperformed. The office has since consolidated to approximately 15 managers, with roughly 30–35% allocated to venture tech, and hired a CIO from Tepper. Moyo described the current AI environment as the first economic super cycle in 40 years, comparing it to post-war workforce expansion and post-Berlin Wall globalization. She flagged concentration risk in tech and the high hurdle of emerging-market investing as key risks being actively managed, while noting that expensive public market valuations in AI-adjacent names create tension with the office's discipline around not overpaying.
Every entry below is an auto-generated factual summary of a public filing or disclosure. Not investment advice. Verify before acting.
Today's catalog · 47 investors · growing weekly
Browse all →Step 1
Pick from a hand-curated catalog of institutional, hedge-fund, activist, and high-disclosure individual investors across the US and India — small today, growing every week.
Step 2
SEC EDGAR filings, SEBI / NSE / BSE disclosures, annual letters, podcast and AGM transcripts, verified investor X posts. Every claim cites its source.
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5 minutes. Numbers, not adjectives. No predictions. No price targets. Cancel anytime — one click.
2026-06-30
Letter
· FY2026
Inker warned that private equity portfolios face concentrated risks in low-quality, highly leveraged software companies with deteriorating manager performance persistence.
Original on gmo.com ↗2026-05-21
feeds.megaphone.fm · 2026-07-12 · 1h 17min
The Investors Podcast hosts examine SpaceX's recent IPO and $2.5 trillion valuation across three business segments. The space segment demonstrates strong competitive advantages with 650+ successful launches and 99% success rate, reducing launch costs to $74M versus NASA's $2.5B. The connectivity segment (Starlink) shows attractive 40% operating margins with 10.3M subscribers across 164 countries, though ARPU is declining from $88 to $66 per user. The AI segment, however, is unprofitable with $6.3B in operating losses against $3.2B revenue in 2025, spending $12.7B in capex. Hosts note SpaceX's $28.5T total addressable market estimate appears inflated—they estimate realistic TAM closer to $600B. At 110x sales and 589x EBITDA multiples, the hosts' valuation model suggests 10% downside to $110 by 2031 even assuming 37% annual growth and 26% EBITDA margins. Key risks include key-man dependency on Elon Musk, regulatory exposure across FAA, defense, and AI sectors, and reflexivity-driven valuation dynamics.
Highlights
“connectivity is the crown jewel because as of now, it's the part of the business that is really subsidizing the money losing AI business. Connectivity currently has about 40% operating margins and 63% adjusted EBITDA margins.”
“in 2025, the segment had revenues of $3.2 billion with losses from operations of $6.3 billion and the segment spent $12.7 billion in CapE for future growth.”
“as of June 18th, the business is priced at 110 times revenue and somewhere around 500 times adjusted EBITA.”
“I get a value of about $110 in 2031, which is a downside kegger of nearly 10%.”
“I actually privately passed on a chance to invest in SpaceX last year, because I, I thought the valuation was absurd, even though it would have already 5xed for me already.”
Every entry below is an auto-generated factual summary of a public filing or disclosure. Not investment advice. Verify before acting.
rss.libsyn.com · 2026-07-10 · 8min
Ted Seides, reflecting on 55 years of investing and podcasting, distills five-and-a-half lessons from thousands of investor interviews and personal mistakes. He emphasizes listening as foundational to understanding—citing David Swenson's observation that excessive talking drowns out signal. Seides credits his podcast's success to shifting focus from himself to serving others' stories, finding that this reorientation brought greater fulfillment and professional success. On markets, he stresses the future's unknowability, citing Stan Druckenmiller's whipsaw in the internet bubble, Julian Robertson's Tiger Management closure before value worked again, and Michael Burry's losses while shorting subprime. He argues thoughts shape reality—gratitude and intentional storytelling reshape how we interpret circumstances. Seides advocates running your own race rather than following external tracks; he describes himself as an incrementalist who thrives on compounding small wins rather than Silicon Valley's move-fast ethos. His half-lesson addresses emotional triggers that derail principles, noting the goal is shortening recovery time to one's best self. Finally, he observes that storytelling—not the best idea—wins in investing and life, as stories are how wisdom and memory persist.
Every entry below is an auto-generated factual summary of a public filing or disclosure. Not investment advice. Verify before acting.
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