El

@returnoncap Aena?

Chris Hohn’s full international portfolio as of end of March: $GE 18% $SAF.PA 16% $V 13% $AIR.PA 11% $DG.PA 10% $MCO 9% $FER.MC 8% $SPGI 8% $CP 5% $GOOGL 5% $AENA.MC 4% $CLNX.MC 3% $CNI 1% $SAP 1% $MSFT 1%

@DimitryNakhla Thank you Dimitry

Warren Buffett on the ratings agencies: “The ratings agencies have had and still have under current conditions an incredibly wonderful business. It takes no capital at all, the pricing power is significant.” Buffett was talking about $SPGI and $MCO. Let’s focus on $SPGI. What makes $SPGI specifically extraordinary is what sits alongside the 𝐑𝐚𝐭𝐢𝐧𝐠𝐬 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 — the 𝐈𝐧𝐝𝐢𝐜𝐞𝐬 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬. Together, these two segments represent perhaps the most capital-light, pricing-power-rich combination in public markets. 𝐑𝐚𝐭𝐢𝐧𝐠𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐦𝐚𝐫𝐠𝐢𝐧𝐬: 𝟔𝟒.𝟑𝟒% (𝐋𝐓𝐌) 𝐈𝐧𝐝𝐢𝐜𝐞𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐦𝐚𝐫𝐠𝐢𝐧𝐬: 𝟔𝟖.𝟗𝟗% (𝐋𝐓𝐌) Both above 60%. Both requiring virtually no capital to sustain. Both collecting tolls on the global financial system whether markets rise or fall — ratings on every bond issued, indices on every dollar of AUM benchmarked against the S&P. And the quality of the entire business is set to improve further. $SPGI is divesting its Mobility division — a business running at 21.62% operating margins (LTM). Removing the lowest-margin segment from the portfolio concentrates the earnings power in the two strongest segments. The business gets cleaner, higher-margin, and more focused. Now the valuation. 𝐋𝐓𝐌 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐩𝐫𝐨𝐟𝐢𝐭 𝐟𝐫𝐨𝐦: 𝐑𝐚𝐭𝐢𝐧𝐠𝐬: $𝟑.𝟏𝟒𝐁 𝐈𝐧𝐝𝐢𝐜𝐞𝐬: $𝟏.𝟑𝟑𝐁 𝐂𝐨𝐦𝐛𝐢𝐧𝐞𝐝: $𝟒.𝟒𝟕𝐁 — from just two segments. At today’s market cap of $119B, you are paying approximately 26x LTM operating profit for those two businesses while the overall portfolio quality is actively improving. It appears Chris Hohn, Pat Dorsey, and Li Lu — among the most rigorous fundamental investors in the world (as well as recent $SPGI insider purchases) — are seeing exactly this in their latest 13Fs. Sometimes the best ideas aren’t hidden. They’re hiding in plain sight and you just have to be a contrarian with strong conviction and patience. ___ 🎙️ Berkshire 2010 Annual Meeting | CNBC Warren Buffett Archive

@DimitryNakhla @rubensoloyo Yes Dimitry those were the best quick analyses on X, would be awesome if you would bring them back, i know its a lot of work for you.

@rubensoloyo Thank you Ruben! I am happy to hear that. I will share them again.

S&P Global $SPGI is worth keeping an eye on • 21x & 5.10% FCF Yield (NTM) • Gushes FCF with a 35% FCF Margin • Returning FCF back to shareholders with aggressive buybacks near decade-low valuations • Insiders accumulating shares in the open market • Wise divestitures

@RenditeReiner @traderepublic Wo ist die funktion?

Wie geil diese Funktion von @traderepublic ist, sieht man vor allem bei langjährigen Sparplanaktien. $AVGO Bitte bringt jetzt noch eine Gruppierungsfunktion raus, dass ich mein Depot in Gruppen einteilen kann, z.B.: ETFs Sparplanaktien Trades Dividendenaktien Liebe geht raus, wenn ihr das bringt 🙏🏻😘 #sparplan #traderepublic #broadcom

@AlpacaAurelius I agree, how many kids do you have?

you need to be peasant maxxing. trusting God. walking everywhere. living in a simple house. growing food. working with your hands. digging a well. not going to school. content with the simple things in life. making a lot of babies. this is the key to happiness

@SayNoToTrading Fuck those haters! I can tell you one thing, there is no one on X who is like you! Complete free content with such a long experience, you are maybe, on the retail side, the biggest investor and still such a nice person,good attitude without trying to sell anything. Thank you Sir!

As for $AMZN earnings, do you really think I care about this foreign exchange noise? And for the record, I shared with you in real-time on Feb 5th earnings afterhours and again on March 27th when I did these Amazon adds. So no, this is not telling you after the fact, like someone accused me of yesterday on $HOOD. Also shared my exact top sell with you at $93 two weeks ago on that and you saw it was a huge sale (2nd largest since $UNH top last year). Didn’t block him but starting to block all these people, when I’m selling NOTHING and only sharing for free what I’m doing. Instead, go harass the shady subscription sellers who are ripping you off.

@TweetsOfSumit @perplexity_ai Nice, When will you add gemini?

You can now add your real portfolio to @perplexity_ai. Chat, analyze, plan - anything. Super simple with our Parqet <> Perplexity integration.

@DimitryNakhla Its just an unbelivable company

Intuitive Surgical $ISRG Q1 2026 Report🗓️ ✅ REV: $2.77B (+23% YoY) ✅ EPS: $2.50 (+38% YoY) 🦾 $ISRG placed 431 da Vinci surgical systems, compared with 367 in the Q1 2025 💵 Q1 2026 instruments and accessories revenue increased to $1.69B, +23% YoY

@Invesquotes maybe this is one of the few times, that a companie like Hermes $RMS, showed, that they can pull demand from other continets like USA +17% (on constat FX), I think this is a sign that they can navigate, even in extrem situations like this war in the luxury part of middle east.

Just published my take on Hermes recent (and strange) earnings. Is the drop structural? Is it temporary? Have we already seen the trough for the year? This and more in the article (free to read and link in bio) 👇

@DimitryNakhla One of the best X accounts! Thanks for your free content!

“The opportunity was right in front of you — dressed in fear and uncertainty.” Most people saw the Beast and walked away. But take a look at where stock prices and multiples were just a few weeks ago — the Beast was standing right in front of you. Dressed in fear and uncertainty. That’s always how it works. The best opportunities in investing never arrive looking beautiful. They arrive “ugly” — just like the Beast. Misunderstood by the crowd. Wrapped in panic, bad headlines, and compressed multiples. The market in full fear mode is not dressed like a Prince. It never is. But if you were willing to look past what’s on the outside — the volatility, the noise, the uncertainty — and look within, both yourself and the Beast, you’d see something different. A great business. A durable moat. A valuation that finally makes sense. And it’s only when you kiss the Beast — when you deploy capital in the moment nobody else is willing to — that you realize what you’ve been holding all along. The Prince.

@Invesquotes Fair takes, so you would say we maybe at a forward pe of 32-33?

Just an FYI if you are quoting the P/E for Hermes $HESAY 1. Cash is around 7% of current market cap (you may choose to not deduct all of it because mgmt keeps some as a safety net, fair) 2. There were (theoretically) non-recurring taxes in 2025 that will start diminishing in 2026 (albeit not entirely) and should disappear from 2027 onwards. I know I know, it's France!

@chin_investor I also, have built up an coffee can portfolio, I often ask my self, lets say a stock goes from 20k to, maybe 1mio $ in 10 years, what if the company doesnt pay dividends (like Netflix or Amazon or Berkshire), what would you do then? just let it grow and wait until dividends?

My co-founder David Kuo has an investing rule that some of you may find to be peculiar. He never sells any stock he buys -- period. My latest article for Singapore’s financial newspaper, the Business Times. There are no exceptions or escape clauses. In simple terms, he buys, and he holds -- that’s it and that’s all.

@DimitryNakhla Ah thank you, so do you have a favourite on youre list above?

@Elarchy124 Closer to 32x yes, not too far off 👌🏽

10 Stocks with Pristine Balance Sheets | Cash & Short-Term Inv — LT Debt | NTM P/E 💵 1. $PLTR $7.18B — $0 | 113x 2. $PANW $4.54B — $0 | 45x 3. $ANET $10.74B — $0 | 37x 4. $RMS €12.24B — $0 | 35x 5. $MNST $2.77B — $0 | 32x 6. $FTNT $3.58B — $496M | 27x 7. $MEDP $497M — $0 | 26x 8. $NOW $6.28B — $1.49B | 26x 9. $CPRT $5.10B — $0 | 20x 10. $DLO $424M — $0 | 13x

@SayNoToTrading @prrhijos Whats your opinion about $HESAF $RMS right now? I think forward 35 pe was the bottom valuation last 10 years

Not saying $HESAF $RMS will get to $2,100 USD but it was just at that price in November when I last bought, so I can't justify buying here after a 30% move. Depending on market, I may consider $2,200 to $2,300 but if that price occurred today, I wouldn't buy at that price given all the other deals elsewhere.

I can't stress enough that Ferrari $RACE is not on par with Hermès $HESAF $HESAY $RMS $RMS.PA. You should not value the stocks comparably, as I keep seeing people on X do. Ferrari vs. Hermès gross margin = 50% vs. 70% Ferrari vs. Hermès ROIC = 24.6% vs. 49.7% Ferrari vs. Hermès ROCE = 29.3 vs. 34.2% The headline on CNBC tonight only reinforces my point and here's why... People - more specifically women - who buy Birkin bags, many are truly rich. Many are old money. People - more specifically men - who buy Ferrari are not always rich. Many are high income but low net worth individuals. Think doctors, business owners, and salesmen who may be having a couple good years and want to show off. They look rich but the moment they stop working or business goes south, they're poor. $RACE is reporting that 40% of new customers are under 40 now. That may sound like a good thing but I promise you it is not. For luxury cars, you want boomers as your main demographic. People who have made it and don't need to keep making it. When I was given a terminal disease 6 years ago and told I would die, I bought my childhood dream car which was a Lamborghini Murcielago. Because if I'm dying, I'm going to have fun on my way out. Long story short I didn't die, obviously (unless this is my ghost writing this?). Kept the car anyway. I learned about these car buyers in the process and specifically, the repo rates on Ferraris. It was off the charts. The SoCal dealership I bought from specialized in repos and told me stories you wouldn't believe. Do you hear about Birken bags being repo'd? Are there loans on them? I don't think so. Point is, Ferrari $RACE is indeed an excellent company and stock. I even own a little. But don't say it's undervalued relative to Hermès because these are apples and oranges. My target for adds on $HESAF is $2,100 USD. My target for adds on $RACE is $360-390 which even then, is overvalued. I do not think Hermès at $2,100 USD is overvalued, despite the multiple disparities.

@LeoNelissen Would you still say, the price right now is worth it to accumulate more shares?

I may sound like a used-car salesman, but after listening to the $TPL Texas Pacific Land call, I believe the market still has no idea how profitable land in the Permian will become for $TPL and $LB.

@DimitryNakhla @Barchart Yeah, do you have a graphic about the IPO activity? can you maybe make a post about that topic?

@Elarchy124 @Barchart Lowest institutional cash reserves aren’t always great — they can signal a more “risk-on” environment. Similar in to elevated IPO activity, it’s one of those contrarian indicators worth keeping an eye on.

Retail Investors just pumped $48 Billion into Stocks over a recent 21-day period, the largest retail flow in history 🚨🚨

@DimitryNakhla @Barchart Hey Dimitry i agree somewhat with your take on that but Whats your thoughts about lowest cash reserves for instituitons < 3%, and also retail about 13-15%?

@Barchart Some view this as a cause for concern — fair enough. But let’s not forget: retail bought the TACO 2025 dip while institutions sold heavily… only for institutions to meaningfully add equity exposure a few months later at much higher prices.

@SayNoToTrading I also added to my $AWK position, heavy investments should make it easier to increase pricing for the next few years.

Among non-X stocks, meaning this post will get no views/likes, I did add to $AWK and $AWR past few days to my income portfolio. A week or two ago I exited $PSA and $FRT in it. American States Water Company (AWR) holds the longest consecutive dividend increase streak of any US company at 71 years. American Water Works Company (AWK) is newer but growthier and the largest public water utility. Both have bad 10 year charts because they got extreme valuations during the 2010s through covid. Now they are fair to undervalued. Both undergoing a lot of CapEx next few years but to be expected for what they are. $AWK going through stock merger with Essential Utilities $WTRG so there are some arb opportunities there with higher dividend 'til close and share price conversion ration, but the risk is not worth the delta IMO. Last I checked, they haven't said what will happen to WTRG's gas utility biz but I'm assuming a sale or spin-off is a must. Shareholders won't want it, they want pure-play water.

@DimitryNakhla Thank you Dimitry, Which one of them screams the biggest "buy me!"?

Stock prices vs operating cash flow 💵 Periods with high volatility, as we’ve recently seen, often create meaningful gaps between stock price and business fundamentals Here’s a thread of 10 quality stocks with notable discrepancies worth examining further🧵