The Synopsis

Dive into the fascinating world of SpaceX, exploring its unique advantages in vertical integration and cost management. Discover the competitive landscape of launch services, with insights on rivals like Rocket Lab and Blue Origin. Uncover Starlink's potential with its ambitious satellite plans and discuss the profitability challenges ahead. Analyze how the valuation of $1.5 trillion was reverse-engineered, considering revenue targets and market multiples. Finally, enjoy light banter as hosts wrap up with key takeaways on risks and opportunities.

Drew Cohen, a financial writer and creator of the Five Minute Money newsletter, shares his insights on common pitfalls in investing. He discusses eight key mistakes, including the dangers of position sizing and the importance of trusting your intuition. Drew emphasizes the risk of borrowing conviction from analysts and cautions against selling great businesses too soon. He also reflects on how bias can cloud judgment, urging listeners to reassess popular stocks, especially after declines. Tune in for practical strategies to enhance your investment approach!

The discussion dives deep into CoreWeave's impressive $55B backlog and its rapid revenue growth, attracting major clients like Microsoft and OpenAI. They explore how CoreWeave's GPU-first architecture outshines hyperscalers in AI training efficiency. The hosts ponder the risks of overreliance on Microsoft and the impact of AI hype on stock dynamics, while drawing intriguing historical parallels to the 1990s telecom boom. With insights into CoreWeave's business model and strategic partnerships, this dialogue is a must-listen for anyone curious about the future of AI infrastructure.

Explore RH's impressive 9% revenue growth and the debate surrounding its market-share claims. Discover insights on RH's accessory strategy and the role of design studios. Dive into Coupang's significant revenue drive, ambitious logistics automation, and the implications of a recent data breach. The conversation also highlights Coupang's expansion in Taiwan and its impact on the Southeast Asian market. Tune in for an engaging breakdown of corporate strategies and market dynamics.

Kris, the insightful investor behind Potential Multibaggers, shares his strategic journey from growth to value investing. He discusses his approach to building a diverse portfolio of around 34 stocks, emphasizing the importance of a few standout winners. Delving into his analysis of Duolingo, Kris explains its strengths in engagement over content. He critiques DCFs for high-growth firms and reveals why long-term revenue growth is key to success. Kris also reflects on notable investments like Nvidia and Tesla, providing a unique perspective on the investing landscape.

Explore the impact of emerging AI risks on Constellation Software as they face a historic drawdown. Discover why vertical software moats are crucial for maintaining customer loyalty, and learn about the competitive pressures Copart is encountering from market shifts. Dive into the details of Copart's latest earnings, detailing revenue challenges and the effects of higher deductibles on auction volumes. Plus, get insights on the long-term risks posed by autonomous vehicles and the overall market dynamics shaping these industry giants.

Market shares are shifting as Copart faces challenges and explores risks tied to underinsured drivers. Meanwhile, NVIDIA impresses with a stellar earnings report, but concerns linger over a tech sell-off. Insights from a former Dior executive hint at a luxury rebound by 2026, contingent on innovation and pricing strategies. In the tech arena, AppFolio showcases its AI-driven gains and shifting revenue dynamics at their investor meeting. As macroeconomic signals shift, the conversation offers compelling insights for investors navigating these turbulent times.

Dive into the intricacies of market volatility and investor sentiments as expert insights reveal the swings between greed and fear. Explore the unexpected resignation of Constellation’s head of M&A and its consequences for future deals. Discover Disney’s struggles with a stagnant stock and questions about its turnaround strategy involving AI and streaming. Lastly, unpack the concept of super apps and how they enhance customer retention and cross-selling opportunities.

Explore the fascinating origins of API Group, from its 1926 plumbing roots to modern-day strategies. Discover the game-changing acquisition by Martin Franklin and the shift to a higher-margin recurring services model. Learn how the inspection-first sales approach fosters customer loyalty. Delve into the impact of regulatory requirements on revenue stability and hear about the strategic Chubb acquisition that bolstered international reach. Finally, get insights into API's growth trajectory and ambitious financial targets.

This discussion dives deep into Axon’s impressive 3Q25 financials, highlighting its revenue growth and strong cash flow. Axon's role in emergency response with the 911 push shows potential life-saving capabilities through improved dispatch data. The hosts explore Floor & Decor's performance, focusing on same-store sales and strategic leadership changes. They also examine store economics and the impact of tariffs, along with future growth in pro sales. Finally, insights into valuation scenarios and investment strategies wrap up this insightful analysis.