Deep Values: Value Investing Deep Dives

We take apart Anthropic's 416-page IPO prospectus with Damodaran's valuation: revenue up 1,400%, but $473B in compute commitments that work like debt, a BB+ rating and a five-class share structure. His optimistic base...

The Fed held rates at 3.75%-4.00%, but two governors dissented and voted for another hike, and Chair Warsh says conditions still aren't tight. Here is what that 10-2 split means for discount rates, margin of safety...

We read Anthropic's S-1 with a Graham-Dodd lens: a 3,300% headline growth rate, a growth slowdown in Q3, more than $800B in compute commitments and a single share that gives seven founders control. Then we look at where...

Bearish on Robinhood Markets (HOOD) as of 2026-11-11: -28% Margin of safety. We audit Robinhood's Q3 2026 numbers: $2.25B in free cash flow, a 46% operating margin, zero debt, and the share dilution behind the buybacks...

A former Alibaba executive was told to multiply her forecast by seven, and her team hit it. Learn what that hyper-growth era cost her health and her family, and why value investors should audit their own human capital...

Bullish on PayPal (PYPL) as of 2026-11-08: $6.58B Free cash flow TTM. We put PayPal's $6.58B in free cash flow, its 31% share retirement and three DCF scenarios side by side to see whether a 9.3x P/E is a value trap or...

Li Lu argues that the US-China AI race will be decided by where top talent chooses to live and work, more than by compute alone. We use a deep value lens on his thesis, covering a 1951 immigration quota that helped hand...

Mark Cuban says AI hyperscalers are borrowing more than they bring in as cash flow to build data centers, while a one-cent earnings miss can wipe 18% off a stock. We run his warning through a Graham-Buffett filter...

Mohnish Pabrai finds a well-researched stock idea, then gives himself 30 minutes to find a reason to drop it, followed by a 200-question checklist where 40 to 50 questions are about debt. Learn how he separates risk...

Warren Buffett spent decades avoiding complex tech, so why does Berkshire now hold a $28B Alphabet stake that he says isn't even among his favorite businesses? We look at the $400B cash pile, the 4% Treasury...

Ken Griffin says AI is filling in competitive moats with bulldozers, and he compares the GPU build-out to the dark-fiber telecom bust of 2000. We look at what that means for free cash flow, asset lifespans, discount...

Bill Gates says AI will commoditize both cognitive and physical labor over a 20-year transition, and $40 billion data centers are already being built. We look at which moats get weaker, which ones may get stronger, and...

Using Aswath Damodaran's numbers, we check why the market added $2.5 trillion in the same month the 10-year Treasury jumped to 5.29%, and why AI CapEx is pushing reported earnings well ahead of free cash flow. With...

Memory chipmakers post 80-90% gross margins and trade at two to four times forward earnings, and that cheap multiple may be a textbook cyclical value trap. We follow the money from a $60B gigawatt down to the $20B raw...

We trace how 75 cents of every AI dollar circles between VC-backed startups and closed-model giants, then add the two liabilities the market ignores: agentic cyber risk and sovereign debt. With French yields above 5%...