Zoro

@trengriffin Yes. Also, surprising addition of DAL since airlines have not been talked highly by Warren and the exit during Covid made it seem like they were done with that. And GOOGL being almost 8% of portfolio. Lots of changes in store by the new sheriff it looks.

@trengriffin @trengriffin are you surprised by the V and MA exists?

"Berkshire also initiated a small position in Macy’s, valued at roughly $55 million at the end of the first quarter." "It would certainly be unpleasant if we were in the department store business,” Charlie Munger said. “Just think of what we avoided, Warren.”

@RihardJarc Are you rotating out of memory into META?

Added to my $META position, the position hasn't been this big in a long time. The market again (similar to a few years ago) does not understand the value dynamics of $META's business, the type of accelerator that AI is for $META, the value of its own AI data center footprint, and the zero AI-disruption risk of the business. The company now trades at 18x this year's projected earnings. Ex the Reality Labs burn, you are looking at 15x earnings. Thank you again, Mr. Market!

@jukan05 They said it during the last call. Even they can’t get the allocation needed from TSMC so makes sense to explore alternatives. And Samsung and Intel are the only other options. INTC would make a lot of sense from a geopolitical perspective and have a US company as a supplier.

Whoa! BBG: Apple is considering using Samsung Foundry and Intel Foundry.

@ErnestWongBWM Too bad they only offer 60 monthly credits on that plan. Have contemplated upgrading to premium and pays the extra yearly fee. Would expect more and more people to use and over time get better at promting to make the most out the credits they have.

@ErnestWongBWM Agreed! Been using copilot with the MS365 family plan. It actually does what I’ve been wanting it to do since last year. You can prompt it to do things directly on the sheet and it does them. It’s going to allow people who have never used excel to do it like pros.

Never thought I'd say this, but Copilot Excel is actually good now

@munster_gene Will be more like +40%

$GOOG CFO says capex in 2027 will increase "substantially" over 2026. Street is expecting up 10%. My take: I bet it's up 20-30% next year.

So Pat Gelsinger did all the hardwork and Lip-Bu Tan got all the credit ?

TPU 8t, optimized for training and TPU 8i, optimized for inference. Looking good!

FEEL THE WRATH OF JAYLEN BROWN 😤

I want to thank everyone for the outpouring of love and thank you for believing in me to lead the company that has always put you at the center of our work. This is not goodbye. It’s a hello to John and I can’t wait for you to get to know him like I do! 🙏

@neilcybart Just saying he reported back in 2024 that John Ternus was most likely going to be the guy. And looks like he was right.

Mark Gurman (Bloomberg) has been all over the place with wonky timing predictions and ridiculous framing. 1) Gurman was too early with the succession stuff in an attempt to stand out, drum up BS, and get disgruntled employees to talk. 2) When the Financial Times got *the* Apple CEO succession scoop, Gurman blew up. Gurman went after the FT’s Tim Bradshaw basically claiming the Financial Times got it wrong. Gurman then said no CEO transition was occurring in the near-term. 3) Let’s not forget the evidence pointing to Gurman getting played by Alan Dye and the Johnny Srouji hoopla. Gurman owes Tim Bradshaw an apology. I doubt Gurman will give one though as he’s not capable of admitting when he is wrong.

@neilcybart Mark at Bloomberg has been all over it and way before this year.

When the Financial Times reported that Apple CEO succession in early 2026 was on the table - much earlier than anyone else had said - my initial reaction was to believe the reporting. Tim Bradshaw doesn’t miss. The bigger story found with the timeline was that Apple wasn’t wanting this CEO succession story to linger out there for another year. Talk about a distraction. Instead, it’s better to announce succession planning ASAP but spread the transition out over a number of years. Cook would remain very involved. Cook’s inner circle would support the new CEO. We are talking about a very deliberate succession plan. Here’s what I wrote about Tim Cook and Apple CEO succession in November 2025: aboveavalon.com/dailypremiumup…

Charlie Munger: "I think I’ve been in the top five percent of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it. And never a year passes but I get some surprise that pushes my limit a little farther."

Charlie Munger: "Suppose you raise the price and use the money to bribe the other guy's purchasing agent... You're bribing the broker to betray his client and put the client's money into the high-commission product."

@stevehou @Google @googlechrome @OpenAI Sundar is in India watching Cricket, you know chrome is good 😂.

So @Google and @googlechrome have nipped @OpenAI ChatGPT Atlas browser in the bud?

@munster_gene Believe OpenAI subs is 900 million weekly vs 750 million MONTHLY for Gemini.

Native Gemini subs are now 750m weekly, up from 650m in September. OpenAI is at 900m. The gap is 150m today. Six months ago it was about 300m gap. Sundar said also had a “sharp increase in usage” by each users. My take: More users, more usage by each user. $GOOG

@buccocapital 😂 remember 2025 capex guide was $75 billion initially and ended up at over $91 billion. Could be looking at $200 billion in capex this year and up more than double from 2025! Insane and hard to wrap your head around.

@BamaBonds Don’t think people at Fidelity etc. are letting themselves be rug pulled that easily. Fidelity managers with some great track records and long term investment thinking are invested in SpaceX. Same goes for a company like GOOGL, which owns a decent amount of SpaceX stock.

Elon rug-pulling SpaceX shareholders by diluting them out with $2 trillion plus of Tesla/Twitter funny money all while making himself the worlds first trillionaire via executive stock options is the greatest ever achievement in the the history of financial engineering.

We’re launching full-length, on demand practice exams for standardized tests in @GeminiApp, starting with the SAT, available now at no cost. Practice SATs are grounded in rigorously vetted content in partnership with @ThePrincetonRev, and Gemini will provide immediate feedback highlighting where you excelled and where you might need to study more. To try it out, tell Gemini, “I want to take a practice SAT test.”