Lots of potential optionality/upside, almost no capital requirements, limited downside.

It ain’t over until the checks all clear.

Lots of dogs are better than people. Humans don’t really deserve them.

At the risk of being immodest, I do think it’s worth ten bucks if you’re interested in the business.

Maybe I will do a thread on it tomorrow. Very hard to do justice to this great business in 280 character chunks. I much prefer long form. In this case very long by internet standards.

#12: Costco Wholesale Corporation

In this profile, we examine Costco's impressive track record and consider whether future growth prospects are likely to justify today's lofty valuation.

42 page PDF + Excel File
$COST

rationalreflections.substack.com/p/costco-whole…

“Ye” appears to be losing a lot of money due to his anti-Semitic rants, and rightly so. Freedom of speech is his right, no matter how despicable, and it is equally the right of other free people to not do business with him.

I think Charlie Munger is going to be ok despite his $BABA losses. A lot of heartfelt, um, concern (?) being expressed on Twitter but I don’t think we need to set up a GoFundMe or anything like that.

“There’s no way I can lose,” said the 36-year-old, who works at a technology startup and opened her first trading account in Beijing on Tuesday. “Right now, I’m feeling invincible.” archive.vn/JwQBB