Incremental Insights #53
A weekly collection of investing and business related content
SPVs, Credit, and AI Datacenters
A little concerning when Enron was a prolific user of SPVs for its accounting shenanigans.
DLocal: High Quality Growth At 30% Discount To Fair Value!
Is DLocal the hidden gem in the payment processing world?
This fintech connects global merchants to local payment methods in emerging markets with impressive 60% annual payment volume growth since 2021.
Despite strong fundamentals and a powerful competitive moat, the stock has plummeted since its IPO—potentially creating an heavily undervalued opportunity.
Elon Derangement Syndrome
Elon Musk: Financial genius or product over-promiser?
Dissecting the disconnect between Tesla's trillion-dollar valuation and its business fundamentals.
Jim Chanos on the Nuttiness of ‘Bitcoin Treasury Companies’
If the reason for owning Microstrategy was to get public market access to bitcoin, why would you own it now with ETFs and other public market access, including all the other 200+ global bitcoin treasury companies.