Sleepwell 🌙

@GHadjia average quality must have gone off through the roof. no more silly life advice questions from the audience.

While BRK attendance fell off a cliff I still found the weekend highly worthwhile for investors. It’s like a trade show for our industry. Awesome meetings with investors and allocators. That aspect of the weekend remains high quality.

wow. definitely a lot more people than I would have guessed this year at Omaha, love to see it and hope to go next year.

@stressed_assets $CGNX

What are best public market investments or sectors to invest in the American manufacturing renaissance?

@ChairliftCap @chat_SBC and has the best capital allocation and financial discipline. not sure why it gets so much hate

@chat_SBC It's the most durable business of the Mag 7 and I don't think it's all that close

I don't when it happened but, for whatever reason, disliking Apple is a trendy thing for investors, even amongst the quality crowd where it screens phenomenally well

"To those dedicated customers of Spirit, this one's for you" –Judge Young after blocking the Spirit-JetBlue merger on January 2024

@RyanWatts13466 do I?

@SleepwellCap You use Google everyday why sell something you use everyday?

just sold my final sleeve of $GOOG after 8 years. I remember thinking it was a bit expensive back then 😂 What a ride.

@sedonaroxx redeploying to private investments in frontier markets. probably a terrible decision

@SleepwellCap Why did you sell?

you can read my suggestions to UMG and @BillAckman here

$UMG Earnings Call Summary by number of mentions: Market share: 22 times ROIC: 0

@FredrikHjelm4 @MartinLorentzon my friends at Quartr

@SleepwellCap @MartinLorentzon Nice, which one? If you are fine to share!

Stockholm will be the tech powerhouse of Europe. You can walk into a real startup event any day of the week now. Not the old invite only VC dinners. Actual community stuff. Hackathons, operators sharing playbooks, fireside chats, product and design workshops. Companies opening their doors and giving away knowledge that used to stay locked inside teams. Most of it free and fully open. Teenagers building their first company sit next to veterans starting their next one. The full mix is showing up. Sweden has always been good at riding technological shifts even when we don't build the underlying platforms. This feels like one of those moments. A new wave of hackers out building and spotting opportunities everywhere. The investing side is widening too. First time angels writing checks, not just the usual insiders. Global funds fly in every week. US firms move fast, local funds compete, and I've seen pre seed and seed rounds of 3 to 15 million close in days. The government is even looking at allowing private assets in ISK, which would open up private company investing to far more people. And all of it sits within a short walk. The internet and mobile generation with Spotify, King, Klarna. The digitize the physical world generation with Voi, Kry, Einride, Instabee. Now the AI first wave with Sana, Tandem and Lovable. A new era is starting in Stockholm.

@Schornack @DadInvest I’m not smart enough for the next 7X but rooting for those who hold here

@DadInvest @SleepwellCap Silly to sell here. They are finally getting into enterprise with the OG gang still pumping

@brunlarsbrundin The next 7x is for people much smarter than me, I’ll be ok

@SleepwellCap Guess what you will think in 8 years

🫶

@aripap or the Cachitos at Juan Valdez coffee

PSA for Possible attendees. Don’t sleep on the empanadas at the MIA airport.

Good read, @SleepwellCap knows this business well

Excellent piece

Good read on $UMG

@govro12 haven’t followed Sony as closely but they’re also not a pure play music label. WMG seeing same issues as UMG

@SleepwellCap You should Read my post on Sony on Wintergems with a 5y comparison of Sony Music vs UMG - it is shocking how Sony has overperformed