Handing out umbrellas...
Joined November 2011
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Analog Capital retweeted
Let's be honest, though, this isn't just about Iran. Or oil prices, or tariffs, or whatever else. People are sick of the whole clown show, dealing with a President that insists on making himself the center of attention in every aspect of American life.
Analog Capital retweeted
"Late Kakistocracy" is that phase of democratic decline where the regime starts running out of ppl who will work for it, and so the folks who aren't qualified for their current positions are promoted to even larger positions for which they are even more unqualified
Analog Capital retweeted
Follow the money on this one. It is rotten to the core.
The Pentagon just lent $620,000,000 to a tiny North Carolina startup called Vulcan Elements. The company is two years old.
It had fewer than 50 employees.
And three months before the deal was announced, Donald Trump Jr.’s venture firm quietly took a stake in it.
Here is the part the administration tried to bury.
Of the dozens of companies the Pentagon was weighing, Vulcan was the only deal initiated by a top White House aide. That aide was Peter Navarro, a close friend of Trump Jr. The order came down to move fast.
One official put it plainly: The call came from the White House. We have to get this done.
Staff worked late nights to push it through in weeks. Deals like this normally take many months of vetting. And when it closed, Vulcan’s valuation jumped from about 200 million dollars to roughly 2 billion.
A windfall for the investors, including the president’s son.
This is public money. Your money.
Routed through the Pentagon to enrich the president’s family and their friends. The Bush administration’s own chief ethics lawyer called it corruption we pay for.
And there is more coming.
A drone parts company Trump Jr. holds a stake in is also under Pentagon review.
This is not a one-off. It is a pattern. The president’s family is treating the federal Treasury like a private bank, and the bill lands on every taxpayer.
propublica.org/article/donal…
Analog Capital retweeted
'Our Board recently authorized an increase to our share repurchase program by an additional $500 million.
Taking a step back, there is clearly a lot of noise in some of the markets where we operate. But from our seats, there is a big disconnect between perception and our long-term prospects across our diversified business model.
That's why we have been leaning into buying back our stock. And you would have also seen our co-CEOs and a number of our directors buying stock personally in the quarter.'
- Robert Lewin, CFO - KKR. Q1 2026 Investor Call.
Analog Capital retweeted
My intuition is that we're back to regular capitalism here -- lots of capex spending & lots of competition, that never ends. When it comes to creating hyper-profitable, competition-immune business models, AI is not comparable to the internet. Not even close.
Analog Capital retweeted
Peter Navarro said something quite revealing on CNBC today about BMW's factory in South Carolina: "That doesn't work for America. It's bad for our economics, it's bad for our national security."
This piqued my interest. I grew up very close to that BMW facility -- the company's largest in the world -- and I watched it transform my state and region with more than $13 billion invested in since 1992, 11,000 jobs onsite at an 8 million square foot campus, $10+ billion in exports in 2023 alone, etc. One study put the annual economic impact of the plant at $27 billion. In a small state, these are absolutely game-changing numbers.
For all these reasons, BMW's investment has been hailed as a turning point in the state's economic history. Earlier this year, for example, Gov. Henry McMaster said this: "BMW's arrival in South Carolina over 30 years ago transformed our economy and global reputation." He's right. The investment was instrumental in helping the state transition from a textile-dependent economy for most of the 20th century to one with a vibrant advanced manufacturing industry today.
In light of all this, how in the world does Navarro conclude that BMW's investment "doesn't work for America"? I mean, even trade restrictionists have long praised this kind of inbound foreign direct investment in U.S. auto manufacturing. Not Navarro. He's setting a new bar: whatever benefits BMW has delivered are more than canceled out by the fact that it sources parts from a global supply chain. And this is the vision behind the new tariff agenda.
Analog Capital retweeted
wow, Google Maps turns 20 in February. In my opinion, it's probably the greatest digital application ever. The consumer surplus associated with it is just off the charts.
googleblog.blogspot.com/2005…
Analog Capital retweeted
KKR just published a 64 page Alternative Investments report a few days ago
Some of the most interesting charts
🧵
1/ High Net Worth Individual allocation to alternatives investments (private equity, private credit, infrastructure, real estate)
Analog Capital retweeted
Podcast #269 is up!
@Choice_Equities updates his $CROX thesis and talks a little $MGNI
yetanothervalueblog.com/p/ch…
Analog Capital retweeted
Why is $DG at all cheap at 15x EBIT? Yes, it's sold off a lot relative to COVID-era craze. Last time I looked hard during WFM-mania circa '17 DG traded at 11x and the stock ranged from 11-14x pre-2019 during lower rates, smaller base of stores, better comps, better mgmt (?).
Analog Capital retweeted
The coldest Olympics photo of Brazilian surfer Gabriel Medina after a run in French Polynesia.
Taken by photographer Jerome Brouillet, which is hard to believe until you see live-action shot of Medina in the video below.
Analog Capital retweeted
1Q letter up. Take a look. $HEES, $PAR (mafia), $CROX (viral cups > shoes?) choice-equities.com/wp-conte…
