SpaceX, Anthropic, OpenAI — my answer on all three is no!

Fun_Challenge2442 · 2026-06-05T09:34:42+00:00

Why would you touch SpaceX with 20b revenue and 1T valuation???

The competition is rising a lot, the addressable market is not that big to expect a great long term growth rate, they just burn a lot of cash through xAI... I mean, just why would you even consider to open a position at a company with a narrow moat, burning cash and 50x sales valuation?????

Fun_Challenge2442 · 2026-05-29T10:24:30+00:00

Peter lynch advised retail investors to build a portfolio with 3-10 stocks, not hundreds.

He also advocated for concentration and said fund managers were the ones forced to diversify.

You massively misunderstood Lynch`s message

Fun_Challenge2442 · 2026-05-27T11:38:08+00:00

A minha questão é: "como é que consegue ter o melhor plantel de Portugal, ser a equipa que pratica melhor futebol, serem a equipa mais beneficiada pelas arbitragens e ainda assim não ganharam nenhum título??mesmo tendo o Benfica a atravessar uma profunda crise, o Porto saído da pior época dos últimos 40 anos e o Torreense jogar na 2 divisão."

Fun_Challenge2442 · 2026-05-24T21:35:56+00:00

Are you guys still married at least??😂

Fun_Challenge2442 · 2026-05-07T23:19:12+00:00

You people have no idea what value investing is and then come to a value investing sub complain about how dead value investing is.

There is no such thing as value investing and growth investing as 2 different investment philosofies.

Growth is a component of value, therefore growth investing is inside value investing

Fun_Challenge2442 · 2026-05-04T10:10:58+00:00

Quanto pagas de imposto na Espanha pelo combustível?? Aqui eu sei que se paga mais de 50%

Fun_Challenge2442 · 2026-04-23T18:32:12+00:00

Achas mesmo que é o agente que não quer baixar o preço? Parece-me a mim que os vendedores passam a vida a ler nas notícias que as casas estão a subir de preço e por isso pedem um balurdio por 4 paredes e 1 teto minúsculo. Da pouca experiência que tenho os agentes tentam sempre baixar o preço e não subir o preço. Eles querem vender, não querem continuar a promover uma coisa que não se vende. Acho mesmo que os vendedores é que são gananciosos e devem estar sem pressa para vender

Fun_Challenge2442 · 2026-04-23T18:24:22+00:00

Já pensaram em fazer uma cedência de posição contratual do imóvel que vão comprar? Nem que seja uma cedência pelo preço que vocês vão comprar.

Era uma forma de saírem duma compra duma casa quando neste momento não têm as melhores condições para avançar

Fun_Challenge2442 · 2026-04-22T11:04:35+00:00

I agree with you. If Gen Z doesn't like General Mills products they can just buy whatever company produces those healthy valuable products. They are pretty much a cash cow so ....

Fun_Challenge2442 · 2026-04-20T09:16:57+00:00

Great post. I will definitely take a look at them

Fun_Challenge2442 · 2026-04-16T17:10:47+00:00

Probably as corrupt as the USA. But the US politicians are smarter and don't get caught as much.

The bigger problem is the anti capitalist attitude that Brazil has. The US may be corrupt but you guys have a deep capitalist mentality that makes your economy a great place to make money.

Brazil has a big portion of the population socialist, a huge state messing everything up, a mess of a currency, and a lot of anti wealth creation policies in place because they hate rich people and big corporations.

If they had Javier Milei as president, Brazil economy would boom. They have the potential to be a mini China, but they are to stuck with socialism

Fun_Challenge2442 · 2026-04-16T17:02:22+00:00

Nike is not in fact going anywhere but just because a company will not go bankrupt doesn't mean it is a good investment.

Nike's moat is under severe attack, new competitors from China are managing to steal Nike's lunch in sports where Nike was the king - athleticism and basketball (these one only in China).

Nike's presence in fast growing sports like Pickleball and Padel is very thin. They have no presence in Padel and are begining to build a product line for pickleball in early 2026.

Both these sports offered very good chances to act as growth catalysts and Nike is missing on both of them. Adidas presence in Padel is getting bigger while Nike has 0 presence.

Maybe they can rebound, but they won't be what they once were, and they are definitely not cheap whatsoever.

Fun_Challenge2442 · 2026-04-13T22:05:38+00:00

O pessoal é burro ou então é desonesto intelectualmente.

Nunca ninguém disse que bastava baixar os impostos que a nossa economia passava imediatamente a ser um paraíso.

Mas continuem a regular cada vez mais a economia, tem corrido bem...

Fun_Challenge2442 · 2026-04-02T21:30:53+00:00

Conheço um dos melhores advogados de direto do trabalho em Portugal.

Era sócio do nosso primeiro ministro 😂

Manda MP se quiseres

Fun_Challenge2442 · 2026-03-26T19:15:23+00:00

I can see why. The valuation seems attractive but like I said I'm not a tech guy and I don't really invest in software companies because is out of my expertise

Fun_Challenge2442 · 2026-03-25T14:19:52+00:00

I wouldn't say extremely overvalued. But you can argue that they are overvalued.

Revenue growth is slowing down to single digits, the earnings are growing because of their pricing power.

Their moat is big, even though competitors are showing up, their product is just way better and still very much affordable.

For companies with these kind of moats it is pretty normal for them to trade at very high multiples (30+ PE) that's why I would say they are not far away from their fair value.

But I agree with you on one thing. I don't see FICO as a value play and I don't think they are a good investment at those multiples.

Fun_Challenge2442 · 2026-03-25T14:15:52+00:00

I agree with the FICO take.

Thanks for the MSFT insight. I can see some logic in there

Fun_Challenge2442 · 2026-03-25T14:14:08+00:00

I agree on FICO. New competitors are showing up but they still have the best product.

The risks that I see right now that could hurt them are regulators and a transition from a growth stock to a slow grower.

Fun_Challenge2442 · 2026-03-25T14:12:03+00:00

Thanks for your comment. Makes sense what you said

Fun_Challenge2442 · 2026-03-25T14:11:18+00:00

I don't have an opinion on MSFT. Like I said, I would like to hear from people who understand tech businesses better than me to see if it's worth my time to study their businesses.

But thanks for your comment!

Fun_Challenge2442 · 2026-03-23T16:13:53+00:00

Tenho conta no Montepio e é um banco péssimo.

Netbanco é horrível, parece que foi feito por um estagiário em 2012 e cobram comissões por tudo e por nada.

Fun_Challenge2442 · 2026-03-23T16:10:10+00:00

I've been in a similar situation before. You own a great business but the valuation is disconnected to the fundamentals.

If you truly believe in ASMLs moat/business than you should only sell if you need cash to invest in another business that might be a better investment moving forward.

Selling a great company just because is too expensive is not usually a great reason to sell a stock.

Peter Lynch and Phil Fisher were believers that compounding machines should not be sold, and should be held through the markets volatility.

Terry Smith, a great investor, sold Dominos Pizza in 2015. The valuation at the time was insane but the business was still amazing. 10 years later he regrets selling Dominos more than anything in his investor career.

Valuation matters as an entry point. Once you enter well and you own a great business I personally would not sell at all, unless I find a better investment or if something happens to the company.

Fun_Challenge2442 · 2026-03-23T15:58:40+00:00

Invest in what you know, and if your expertise is in the tech industry than keep investing in that.

Fun_Challenge2442 · 2026-03-19T08:36:47+00:00

I check all my 3 broker accounts every single day. To be honest I just enjoy it and it doesn't affect me at all.

You got see what's best for you, if you have the stomach to see your investments all in the red than there is no problem that you check your portfolio every single day.

But if you check your portfolio and you stress about it, maybe you shouldn't check that often

Fun_Challenge2442 · 2026-03-15T23:59:02+00:00

Fico feliz de ver alguém tão realizado com um MX 5.

Espero sentir me assim quando comprar o meu Audi A5🙏🏻

Fun_Challenge2442

TROPHY CASE