Neil 𝕏

During periods like this, I think the best use of time for $LMND investors is to go deeper on the business itself. If you want to strengthen or challenge your view, here’s the material I’d recommend working through: • Investor Days 1 and 2 • Interviews with Daniel Schreiber • Interviews with Shai Wininger • Interviews with key team members, including: - Tim Bixby (financials) - Michal Langer (product) - Maya Prosor (product) - Adina Eckstein (product) - Sean Burgess (claims) - Ori Erez (engineering) There really is a lot of substance out there if one is willing to do the work, and the community is generally happy to help point people in the right direction as well. I’ll try to host another Space in the next couple of weeks. If there are specific topics people would like to see covered, drop them below.

@SixSigmaCapital Overly negative framing for it IMO x.com/1236419523f/st…

@SixSigmaCapital Bit old now but I've always liked this one.

I’ve just realised I haven’t read a book in more than 6 months which is Highly unusual for me as I’ve read at least 15 each year for most my adult life So with that being said any you’d recommend, non fiction but not necessarily investing books ?

Tesla从IPO到现在，十多年了，该画的饼都画完了，也没能摸一下2T的门边框。 SpaceX这属于出道即巅峰。 让我想到了那句话， “你穷极一生的努力，甚至够不到我的起点。” 回过头看这几年，我觉得Tesla还是有几年时间的放空期。估计那段时间老马自己也没把特斯拉当自己的绝对重点。 一方面是自己担心自己公司的实际控制权，光为了争夺股权和薪酬方案，就至少在内心做了分散风险的准备。在战略上肯定有过犹豫。 另一方面，自己参加doge，搞的又是死亡威胁，又是和总统反目，你说他有足够精力在Tesla上，我是不信的。 所以10.10号Robotaxi的发布会离今天已经过去一年半了，时间一下子就过了。Robotaxi的大规模部署，配套设施的齐全和完备肯定是必要条件，这些都是实打实需要用时间和团队去夯的。 可以说现在都还只是试行和概念。 成熟的运营还很早。 今年的转折点我判断不会是Robotaxi， 反而是Model YL把销量带动突破新高。 到头来，基本面还是需要靠卖车来撑。 高估值靠饼，基本面靠车。

One person billion dollar company has been achieved: @galligator

@TSLAFanMtl Company mission entirely lacks the urgency it once did.

Damn, not a great number. US must have shrank YoY. However I still expect Q2 to be stronger due to oil prices. They probably couldn't accomodate the late-quarter orders in Q1.

$LMND

@dehyped_ @theallinpod Not sure I follow…

@Neil_X10 @theallinpod lemonade already uses in-house models for claims. podcast chatter won't change that.

Last week's @theallinpod had a section on AI-related valuation impacts, moats and disruption (from 36:56). Useful insights for $LMND investors.

Not sure who this guy is, but he makes a compelling case as to why $LMND is way undervalued today much like $PGR was on IPO and after. traviswiedower.com/2026/03/24/lem…

@ShadyJosh5 @grok @Ironic_Ape didn’t you recently highlight the overhaul LMND did with their pet pricing models? My understanding was its precision pricing vs parametric.

"Parametric insurance—automated, trigger-based payouts that slash LAE toward zero—is exactly the kind of efficiency play Lemonade was built for. Chubb’s move validates the model Lemonade has been executing since launch, but Chubb brings massive scale, balance-sheet strength, and now retail distribution (PetSmart)." Makes it sound like Lemonade is following a parametric insurance model as well. I thought they had a precision pricing model.

Dubai just put robot dogs on the front lines of firefighting These quadrupeds charge into 500°C+ infernos, toxic smoke & collapsing structures with 60 m water cannons blasting 2,400 L/min. AI locks on hotspots, humans stay safe.

@AverageDude37 @STICKSAND1 @TeslaUberRide Their legal / technical HQ is NYC. But the real HQ is Tel Aviv.

@STICKSAND1 @TeslaUberRide Their HQ is in New York Lol

$LMND is boring.

@GPUHeater @johlarss

@johlarss Tis but the calm…

Isn’t it pretty quiet in terms of news from the company’s management? Are they not entering any new states or markets, or anything else in the pipeline? Or is my patience just off… $LMND

$LMND “AI compresses the time it takes to do things. It does not compress the time it takes for things to happen.”

@HardYackaMacka @FelixKern2 Don’t wait too long. You’re already giving off fomenter vibes.

@Neil_X10 @FelixKern2 Maybe!

Updated bear thesis $LMND

@Peter_Taleb @grok Can you clarify?

@Neil_X10 @grok this is will not work

If you’ve watched all of them with the experience you claim to have, and this is your conclusion, then you have a deficiency in your interpretative ability as well a lack of understanding of how large organizations actually work. Why don’t you share your thesis fully fleshed out instead of spamming every LMND post with FUD-inspired commentary?

I have! And every earnings call, blog post and interview danny schreiber / shai have ever done. Address the argument technically if you're appealing to technicalities or just take a belief based view. Mine is based on the compounding nature of AI shifting value from electron to the atom. Software UX, claims and underwriting will be completely commoditised and the hard asset in insurance that has a right to earn the same notional cost of capital is BALANCE SHEET. As a wise man once said, "I beseech you in the bowels of Christ, think it possible you may be mistaken" (don't be dogmatic)

@HardYackaMacka @FelixKern2 Great. Have you watched both of the investor days from LMND?

@Neil_X10 @FelixKern2 TA and BPD? Basically invented the terms

@CedarStResearch Thats perfect. Thanks for sharing and for clarifying. This will be very interesting to track overtime.

@Neil_X10 Yeah wasn't saying one is better then the other simply reposting the data. It's the U.S. Statutory direct written premium and direct loss ratio data. I think NAIC started tracking Pet separately from inland marine in 2024 so it's relatively new.

Anyone sees JABs growth in 2025? $TRUP $LMND curious to see if this new parametric structure $CB launched changes the landscape as well.