Incremental Returns #47
A weekly collection of investing and business related content
Some Thoughts on GOOG: An 'Emperor Has No Clothes' Moment
How Google Search might be Alphabet's Achilles' heel as AI search threatens to disrupt its most lucrative business. A look at the current state of the business from a former employee.
3 ½ Days in Omaha
A great summary of all that happened, besides Warren announcing his retirement, at Berkshire Hathaway’s annual meeting.
The Trade War Isn’t Over
Even after Trump's recent tariff reduction from 145% to 30% on Chinese imports, U.S. tariffs remain at levels not seen since the Great Depression. These policies could still slash U.S.-China trade by 65%.
Grindr (GRND) - The Gay Dating App Monopolist
Grindr, with its staggering 70+ minutes daily user engagement (higher than Instagram!), dominates the gay dating app market as a virtual monopolist. With just 7.6% paying users vs Tinder's 20 %+, this under-monetized platform shows massive growth potential despite management concerns.
Dialogue: Airbnb’s Growth, New Businesses, Defending Mature Margins, and Diatribe on Sell-Side Q&A
An update on the state of Airbnb’s business but more importantly the implications for Experiences and the potential of a super app.
How Money Laundering Actually Works | How Crime Works
I was always curious how money laundering worked because my knowledge was on par with the guys from Office Space.
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