See what the world's top investors are buying and saying

In this podcast, DHH (creator of Ruby on Rails) says that since late 2025, he has stopped writing most code himself. Instead, AI tools like Claude and Cursor now generate 80-90% of the code, while he…

This report covers Patient Capital's fund performance for the week ending August 21. The fund gained 0.51% vs the S&P 500's -1.39%. No explicit market view from the manager, but holdings show bets on…

This piece covers two main themes in mining: copper's long-term structural deficit (BHP sees a potential 10 million-tonne annual shortfall by 2035) and gold M&A opportunities, while warning about indi…

This article says to avoid big defense contractors because they're like regulated utilities with limited profits. Baillie Gifford prefers niche suppliers with pricing power. They highlight three holdings: AeroVironment (makes loitering munitions proven in Ukraine, cheap and effective), RBC Bearings (makes precision parts with sticky customers, ~70% revenue from sole or primary supply), and Axon Enterprise (sells police gear, bought again after it…

This piece explains how Baillie Gifford evaluates dual-class share structures (where founders have more voting power per share). They say the structure itself isn't good or bad—it depends on the controller's quality, the company's stage, and checks and balances. Their framework focuses on whether the controller is trustworthy and aligned with shareholders. If yes, dual-class can protect long-term strategy; if no, it risks value destruction. No sp…

This piece says AI has moved from hype to a 'bar mitzvah' moment where it must prove it can make real money. The author, Damodaran, is cautious because AI companies have invested $1.7 trillion but onl…

This article explains how Oakmark fund is avoiding high-priced AI stocks like Nvidia, Apple, Microsoft, and Palantir, comparing the AI boom to the dot-com bubble. Instead, they focus on companies with…

This report covers the gold mining industry. The author is cautiously optimistic: despite falling gold prices and rising costs squeezing margins, miners still have strong cash flow and generous shareh…

This interview argues that capital, not computing power, may be the real bottleneck in the AI race. Ben Thompson says the US winning AI completely would be dangerous, and the current 6-9 month gap wit…

This report covers Patient Capital's fund performance for the week of August 7-14. The fund fell 1.28%, lagging the S&P 500's 0.39% gain. The manager's view is that the market is very picky: companies…

This report says the recent AI chip stock sell-off is a technical correction, not a fundamental downturn, and the author remains bullish long-term. The author thinks the market overreacted, as Google,…

This report says memory chip companies like Micron are making huge profits now (revenue $41.5B, 85% gross margin), but the author thinks it's just a temporary shortage. Once new factories come online, prices will crash—it's happened three times before. So the author doesn't own Micron and instead bought more Arm and KLA during July's chip stock dip. Arm designs chips for phones and data centers, benefiting from AI growth; KLA makes inspection equ…

This article says the July sell-off in AI infrastructure stocks was mostly about positioning and emotion, not a change in the long-term story. AI computing demand remains strong, so the fund stays bullish. Three key holdings: Astera Labs (makes chips for connecting GPUs, revenue doubled), BESI (chip packaging equipment, revenue up 69%), and IREN (AI cloud computing, expects over $4 billion in future revenue, most already contracted). The author s…

The article says British Columbia's mining sector is enjoying a revival, helped by faster permitting, big mergers and fresh capital. The author is cautiously optimistic for the medium term but warns t…

This monthly update covers Scottish Mortgage Investment Trust, a fund that buys and holds world-class growth companies, including private ones. It gives no market forecast, only restates its long-term…

This piece covers investor Eric Vishria's decade of lessons in software and hardware. His main point: AI is adopting faster than cloud computing, but the market is so big that no single company will d…

A finance professor uses the crash of AI-star fund Situational Awareness, which lost two-thirds of its public stock holdings in four weeks and was forced to liquidate, as a warning: markets give and t…

A fund manager's weekly update says the fund gained 5.29% after fees last week, beating the S&P 500 (a U.S. large-cap index) by 1.7 percentage points; it is up 18.55% this year, still ahead of the ind…