Sometimes it is best to acknowledge a mistake or a misunderstanding, take a loss and move on. I bought Nu understanding that one of the risks of doing so was its domicile in Brazil. Brazil is a lovely country to visit, and it has one of the best resorts at which I ever stayed-Ponta dos…
I made some relatively small changes in the high growth portfolio. I eliminated the position in Bill-280 shares sold @ $90.29. Bill has appreciated since we entered the shares shortly before the company’s latest earnings release. The earnings that were released were strong; the guidance was, as usual, very cautious, and somewhat less than I might…
1) Pagaya I had the opportunity to speak to a couple of the Pagaya management team yesterday. Of course the principal issue that was discussed was the impairment charges. I will begin by discussing what went wrong. Needless to say, I have gotten many questions about Pagaya. Some have questioned the company’s legitimacy. Others want to…
As foreshadowed in the weekly commentary I have made some portfolio changes. The rationale for these changes was in the weekly commentary. That said, if anyone has questions about why I have made these changes, please let me know and I will answer rapidly. I do not like to make a lot of changes, but…
Mercifully, volatility is lower this week. The VIX index, which peaked just a few days ago at 38, has fallen back to 16 at yesterday’s close. That is still higher than where it was a month ago, when it was 13, but shows a calming market overall. And some of the more extreme bets that…
Just as a point of interest, today is AI Appreciation Day. I have no immediate plans to celebrate, other than to note that marketers can find reason to celebrate something every day of the year, and today is for AI. One lady wrote on one of the AI sites that I read that she has opted…
Sale of 500 DT shares and purchase of 1000 shares of NU and 30 shares of Datadog We made some portfolio adjustments this morning. We sold 500 shares of Dynatrace at $47.79. We were not pleased with the company’s earnings report-particularly its forward guidance for ARR growth. After a couple of quarters of mentally making…
Sale of 300 shares of Procore (entire position); purchase of 100 shares of Shift4, 200 shares of Sentinel One; 100 shares of GitLab; 100 shares of Affirm; 100 Shares of UiPath We made some portfolio changes in the high growth portfolio today. We decided to eliminate the last of the Procore position, selling 300 shares while adding…
Summary Nu Holdings is a profitable digital banking platform operating in Brazil, Mexico, and Colombia with a rapidly growing customer base. The company differentiates itself through its low-cost structure, superior customer service, and innovative product offerings. Despite operating in politically and economically volatile markets, Nu has shown strong revenue and customer growth, making it an…
Sales of 100 shares of Veeva (entire position); 200 shares of Procore and 320 Nutanix-Total Sales of Purchase of 300 shares of UiPath; 500 Shares of Nu Holdings; 633 shares of Pagaya; 400 shares of SentinelOne and 30 shares of Zscaler As we indicated in the post we sent on Thursday, we decided to make…