value and opportunity

A very good description of Sabre’s business from Best Anchor Stocks (following the Constellation Software investment)

Interesting Deep Dive into “bill and hold” revenue recognition from Prof. Meitner (Gerresheimer example)

Antropic has released a very interesting report on which professions they see as most likely to be disrupted by AI soon

A good reminder that long term index returns are not so easy to achieve in reality

A certain sort of Ants can transform CO2 internally into a mineral that strengthens their body armour

Great summary of how to spot (and avoid) frauds and hypes in Technology investments

The Bireme Capital 2025 annual letter is worth reading