CBRE looks cheap. Why I still didn’t buy it
CBRE is down a quarter in a year and beat estimates. I built a model and still didn't buy. The Q4 guidance, cash flow from property sales and the lesson of 2023.
Brazil just had its worst day in six years. It has seen this kind of panic before – in 2002
Brazil's stock market fell 13.9% on Monday. In 2002 the Lula panic came months before the vote. What is different now, and what I take from it as a NU and MELI shareholder.
Ralph Lauren is a better company than ever. The share price already knows it
A friend I invest with sent me a tip a few days ago: Ralph Lauren. I have never owned the stock, so I went through the company from the start…
Gold has overtaken US Treasuries. Central banks actually bought less of it last year
In June the European Central Bank published a number that went around the financial news. At the end of 2025, gold made up 27% of official reserves held by central…
JD.com looks like a pile of cash with a shop attached. It isn’t that simple
Under one of the JD.com articles on Seeking Alpha, a reader recently left a comment that sums up how much of the market sees the company today. JD's liquid assets…
The worst case has lasted six months. Oil is at $89
In mid-March 2026, the Strait of Hormuz had been shut for two weeks and Brent traded above $106. FGE was talking about a $150–200 range. Macquarie put the odds of…
BioMarin bought growth. You won’t find it in the guidance yet
BioMarin's second quarter sent the stock up 16% in three trading days. Revenue rose a fifth to $990 million, earnings beat expectations by a quarter, and the company raised full-year…
Zeta raised guidance for the twentieth time and nobody mentioned the quarter’s most important number
Zeta Global reported its twentieth consecutive quarter of beating its own guidance and raising it. Revenue grew 44% to $443 million, the company again reported positive net income under US…