ServiceNow: It Still Looks Too Expensive (Archive)
ServiceNow’s rich valuation, Armis overpayment, and flat SBC keep risk‑reward unappealing.
5-Minute Pitches
Dell: A Detailed Look At Its Q1 Results (Archive, Full Access)
AI server boom, easing memory costs, and PC refresh make Dell's upside compelling.
I Was Dead Wrong On CrowdStrike And AI But Now I'm Buying In (Archive)
Revised AI view, stronger Falcon economics, and bullish charts justify buying richly valued CrowdStrike.
Energy Transfer: The Drivers Behind Above-Average Growth This Year (Archive)
Data center-driven gas and NGL growth, but leverage and rich valuation cap near-term upside.
Performance
Portfolio Performance - Apr'26
Apr'26: ~7.7% annualized alpha, Sortino 2.0, IR 0.73, low drawdowns. Live, real-money portfolio.
Portfolio Performance - Mar'26
Mar'26: ~8% annualized alpha, Sortino 1.8, IR 0.75, rare factor exposures style, low drawdowns. Strategy scalable to >$100M AUM. Live real-money.
Portfolio Performance - Feb'26
Feb'26: >9% annualized alpha, Sortino 2.5, IR 1.0, rare factor exposures style, low drawdowns. Strategy scalable to >$100M AUM. Live real-money.
Portfolio Performance - Jan'26
Jan'26: >11% alpha, Sortino 3.0, IR 1.2, rare factor exposures style, low drawdowns. Strategy scalable to >$100M AUM. Live real-money.
