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.
You likely receive hundreds of pitches.
This isn’t one of them.
Hello @Incremental Returns,
Share deep respect for your work.
I am the Founder and Steward of the 100x Farm.
The 100x Farm is a quiet strategy sanctuary for investors and capital stewards with long memories and longer horizons.
No noise. No dopamine. No trend-chasing.
Just deep-cycle clarity earned slowly, shared rarely.
We don’t believe in inbox conquest.
But if the idea of sowing $10,000 seeds to harvest $1 million trees over 20- 30 years feels familiar,
you and your patrons may already belong here.
What if the next 100x isn’t a stock but a forgotten business model hiding in plain sight?
Every thesis is backed by real capital, filtered through over 100 long-cycle lenses before it earns a word.
And if nothing else, this may help you filter what isn’t worth your time.
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Only signal.
Warmly,
The 100x Farmer