Sahil Gyanda

Stayin Alive by the Bee Gees but without the music is wild 😂

@realroseceline VantageScore has been around since 2006. It has been free for 20 years and has taken minimal share from FICO. It has been removed by FICO as the middle man with its DTC pricing so VantageScore went from free to $4.50. If it didn't win market share at $0 why would It win now?

Another issue that may grow over time is transparency. The $FICO model is essentially a black box. Lenders see the score, but the underlying logic is proprietary. The world is increasingly focused on transparency and more open models maybe be favored in the future because they are transparent and easier to explain. Monopolies rarely disappear overnight. Usually the process is slow. Customers test alternatives, new or cheaper optional models are introduced, and sometimes partners gradually become competitors. Market share rarely collapses suddenly, instead it erodes over time. That leads to the real question investors should ask. The issue is not whether $FICO disappears, because it almost certainly will not. The question is what happens if a company priced like a permanent monopoly slowly becomes a dominant but more competitive business? If market share moves from 90% to something like 75%, the business would still be very strong. But the valuation investors are willing to pay would look different. When the market begins questioning whether a monopoly is permanent, the thing that changes first is not the business, it is the narrative around it. Obviously $FICO is a very popular stock and many investors admire the business. I do not know if you personally own it or not, and I am not here to attack anyone’s investment. This is simply my opinion on the situation and how I see the competitive dynamics evolving in this particular business at this particular moment in time. 🌹 2/2

Thoughts on $FICO For a long time $FICO has been one of the toll booths of the financial system. Almost every consumer loan involves the $FICO score in some way. Banks rely on it, mortgage underwriting literally depends on it, and rating agencies use it when evaluating buying or selling securities. When something becomes embedded in the system, it stops being a product and starts being like permanent infrastructure. Infrastructure businesses tend to be extremely profitable, and $FICO is a perfect example. Last year it generated roughly $2b in revenue and $769m in free cash flow (wow), with operating margins near 90% for its scores segment. Profitability like that usually exists only when competition is very limited or perhaps nonexistent. For decades that was essentially the case. $FICO built the scoring model used across the credit system, but it does not actually own the data. The credit bureaus, Equifax, Experian and TransUnion collect the data and run the model inside their own databases. $FICO operates on top of that ecosystem, which worked smoothly for many years. They had enormous pricing power. For almost 30 years lenders paid around $0.50 per credit score. Starting around 2018 the price began increasing quickly. Today a mortgage score costs $5, a 10 fold increase, and $FICO also introduced a secondary pricing model that charges a $33 fee per closed loan, a dramatic increase in a very short period of time. Just for the record, there are not a lot of businesses out there that can raise their prices 10 fold, that’s like See’s Candies on steroids. When a company commands a dominant position it can raise prices for a long time without resistance. Eventually though, higher prices create incentives for alternatives to appear. In this case those alternatives are coming from the same companies data $FICO entire business actually depends, and it is creating quite the conundrum. The credit bureaus jointly created VantageScore, which is positioned as a direct competitor. That creates an unusual dynamic where the companies distributing $FICO scores are also promoting a competing model. Oddly, sometimes they even bundle the two together. The situation became more serious in 2025 when the Federal Housing Finance Agency approved VantageScore for mortgages backed by Fannie Mae and Freddie Mac. Because those agencies are at the center of the mortgage market, the decision immediately changed the conversation around the industry and $FICO stock began getting pressured. None of this means $FICO disappears or is bad. Switching away from $FICO is difficult and unusual because humans are creatures of habit. Banks have decades of data and risk models are built around $FICO. Replacing the system would require recalibrating large parts of the entire credit ecosystem. That is a very wide moat, but that’s ultimately not where the money will be made or lost in the stock. What matters more is the direction of travel. Some mortgage lenders are testing VantageScoremand regulators are encouraging more competition and transparency. It seems like Pulte has a personal vendetta against $FICO. A subtle but important point is that $FICO does not control the most important asset in the system, the data. The credit bureaus own the raw credit information while $FICO provides the algorithm that interprets it. For decades that balance worked because the model was the industry standard. But when the owners of the data begin building their own models, the balance of power can shift. And, the competitive positioning can be more fragile. There is also an irony here. $FICO became powerful because it became the standard in credit risk. Banks, regulators, and investors all learned to think in so called “FICO scores”. But once something becomes the language of an industry, people eventually start asking why one company controls the whole dictionary. 1/2 👇

"F*cking play football"

The greatness of AB Devilliers🔥🫡

@felixprehn Workbook

Just created a complete workbook on Goldman Sachs' AI investment framework for software stocks. Includes their 26 winning stocks, 41 losing stocks and what makes each AI-proof or vulnerable. For 24 hours, it's yours for FREE. Like + comment "WORKBOOK" and I'll DM it to you

Still the most Powerful Scene in Television History (IMO)…..Broke me then…Broke me now!

I now never watch any clip of West Ham’s UEFA Conference League win without thinking of David Moyes joyously showing off his winner’s medal to his old man on the pitch at full-time. Such a pure moment.

Reporter🗣️: I remember you standing here, very nervous. Ronaldo🗣️: I was very nervous. I didn’t expect to play, and I didn’t expect to come on in the game. When I signed for Manchester United, I thought I would go back to Portugal. But Sir Alex Ferguson said, “No, no. You’re going to stay here, and you’re going to be in the squad for the game.” I was super nervous. I called my friends and told everyone.

Joao Pedro wanted to explain yesterday 😭🤣

14 individuals have scored 20k+ runs in international cricket. 41 individuals have claimed 500+ wickets in international cricket. 10 individuals have scored 50+ centuries in international cricket. 200+ individuals have 5+ 5w hauls in international cricket. 5 individuals have 50+ Man of the Match Awards in international cricket. There's only one cricketer to have achieved it all, and that's Jacques Kallis. @jacqueskallis75 @ProteasMenCSA

MOOOOOOOOOOOOOD 🥹🥹🥹🥹

Carrick Chapter 2

LILIAN THURAM: "The first time I faced Ronaldo Nazario I was at Parma and he was at Inter. The game started and after a while, I found myself face to face with him. He would line you up and caress the ball in a way that was so unusual it left you mesmerized. All of that at a speed never seen before. That day he dribbled past me, left me frozen, and was heading straight for goal. I yelled at Cannavaro, take him down, take him down. Fabio fouled him and the ref booked him. On the next play, he pushed the ball forward at full speed and I had to foul him. Right then, Fabio looked at me and whispered: 'Lilian, we’re going to end up with 9 men tonight. How do we stop this guy?' Ronaldo heard it all, came over to us, and with very basic Italian, said: sorry, I’m overdoing it. Cannavaro and I looked at each other and didn’t say a word. With those words, he made us feel so small, almost powerless. That was also part of being the Phenomenon. At the end of the match, I didn’t hesitate to go ask him for his jersey."

21 years ago today Eric Cantona kicked a racist during a match... Here is an apology 😎❤️

10 Places you must visit before you leave this world..

This is why you need to Watch closely with whom you spend your Time ‼️

In Brazil, it is tradition that the first piece of cake goes to the most important person in your life.

11 years ago today, AB de Villiers did something that still makes you question physics. Fastest fifty. Fastest hundred. One run short of fastest 150. All in the same afternoon! Scoreboard progression reads like a prank. 39 runs off 14 deliveries, which is already obscene at 278 strike rate. From there, he plundered 106 runs in his next 26 balls.(145 in 40) That is a strike rate of 407.7. You could hit a four on every single delivery for 26 straight balls & de Villiers still outscores you. The man found a gear that mathematically should not exist... Jason Holder obliteration tells the real story. Holder conceded 46 runs in 45 deliveries to everyone else combined. De Villiers hit 45 off him in 9. That is a personal vendetta executed with a cricket bat. People remember the 2015 World Cup carnage against Holder. This was practice... What makes it stick is the relentless escalation. Every time you thought "this cannot get more ridiculous," he shifted gears again. Four, six, four, six, six, four. It was surgical annihilation at a speed that made the broadcast cameras struggle to keep up... Social media has shared this innings thousand times. That does not make it any less absurd. Some performances are so outrageous that repetition cannot dull them. This is one. 11 years on, it still looks like a glitch in the matrix...

I have the same coffee table... 😂

Greatest marriage advice ever! 🔥🔥🔥