Discussion

• @bgurley Bill Gurley on x

  Very much worth reading. Well done.

• @jackneele Jack Neele on x

  Excellent read on the AI capex boom. For now most signals are still flashing green, but important to remain vigilant.

• @adam_winnick Adam Winnick on x

  It's the difference between value creation and value capture. The first is certain the latter less so

• @buccocapital @buccocapital on x

  Really good. Read the whole paper https://blog.sparklinecapital.com/ ...

• @mattsechrest Matt Sechrest on x

  “With the AI boom in full swing, investors should heed the lessons of history. Aggressive capital spending has generally led to poor stock returns, both at the sector and individual firm level. Even if we manage to avoid a full-fledged bubble, the capital misallocation that often

• @ckaiwu Kai Wu on x

  👷Surviving the AI Capex Boom👷 Big Tech's AI buildout is transforming markets but history suggests caution. What should investors do? 🤖 AI Investment Boom 🚂 Echoes of Past Booms 📉 Rising Capex Firms Underperform 🏭 Magnificent 7: The New Utility? 🔎 Finding AI Early Adopters [image]

• @kentindell Ken Tindell on bluesky

  Steam engines depreciate a lot slower than silicon chips.  [embedded post]

• @jessefelder Jesse Felder on bluesky

  ‘Since 1963, companies that aggressively grew their balance sheets underperformed their more conservative peers by a considerable -8.4% per year.’ www.sparklinecapital.com/post/ survivi...  [image]