Solid breakdown on the AMZN position. The robotics piece for ecommerce margin expansion is probablythe most underappreciated angle right now. I've been tracking some of the automation rollout in their fulfillment centers and the operational leverage they're building is pretty wild. Once that compounds over theri massive scale, the incremental FCF from just shaving a few percent off logistics costs could be substantial. The way this ties into your physical AI theme with companies like OUST makes alot of sense too, since the infrastructure layer benefits first before margins trickle down to pure-play automation providers.
Great overview, thanks. A name I've stumbled on that you should check is Aeluma. New technology that is en route to be game changing. The most significant technical advantage of Aeluma is their ability to grow high-performance compound semiconductors (specifically InGaAs—Indium Gallium Arsenide) directly on large-diameter silicon wafers (12-inch/300mm).
The Problem: Normally, SWIR sensors are made on small, 3-inch or 4-inch Indium Phosphide wafers. This makes them expensive, hard to scale, and difficult to integrate with standard computer chips.
The Solution: Aeluma uses a proprietary process to put that high-performance material on massive silicon wafers used by giant factories (like TSMC or Intel). This leads to a 10x reduction in manufacturing cost and allows for mass-market production that was previously impossible.
Excellent overview of your investing strategy, along with the history of where your portfolio has been and perhaps where it is heading in the future. Very helpful to have all of this information, thanks much!
Great overview of your key positions and strategy. I’m curious to know more about hedging, which I realize will come in time for you. Is there a resource or primer you recommend that I could look into to begin to learn more about it in the meantime?
Good question. YouTube is always a nice place to start. I don’t think heading needs to be complex in my opinion. Many overcomplicate it but just look at some options on SPY for example
Solid breakdown on the AMZN position. The robotics piece for ecommerce margin expansion is probablythe most underappreciated angle right now. I've been tracking some of the automation rollout in their fulfillment centers and the operational leverage they're building is pretty wild. Once that compounds over theri massive scale, the incremental FCF from just shaving a few percent off logistics costs could be substantial. The way this ties into your physical AI theme with companies like OUST makes alot of sense too, since the infrastructure layer benefits first before margins trickle down to pure-play automation providers.
Great work 👏
Great overview, thanks. A name I've stumbled on that you should check is Aeluma. New technology that is en route to be game changing. The most significant technical advantage of Aeluma is their ability to grow high-performance compound semiconductors (specifically InGaAs—Indium Gallium Arsenide) directly on large-diameter silicon wafers (12-inch/300mm).
The Problem: Normally, SWIR sensors are made on small, 3-inch or 4-inch Indium Phosphide wafers. This makes them expensive, hard to scale, and difficult to integrate with standard computer chips.
The Solution: Aeluma uses a proprietary process to put that high-performance material on massive silicon wafers used by giant factories (like TSMC or Intel). This leads to a 10x reduction in manufacturing cost and allows for mass-market production that was previously impossible.
And they have more breakthroughs!
Good find Steve. I’m not too familiar. I’ll take a look
Excellent overview of your investing strategy, along with the history of where your portfolio has been and perhaps where it is heading in the future. Very helpful to have all of this information, thanks much!
Thanks David - back to schedule today !
Thanks, Oliver. Looking forward to all of this.
Thanks Wolf. Spreadsheet out today
Great overview of your key positions and strategy. I’m curious to know more about hedging, which I realize will come in time for you. Is there a resource or primer you recommend that I could look into to begin to learn more about it in the meantime?
Good question. YouTube is always a nice place to start. I don’t think heading needs to be complex in my opinion. Many overcomplicate it but just look at some options on SPY for example
👏👏👏