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Chime, it is observed, currently trades at $19.69 per share—a figure 27% removed from its initial offering price of $27. This deficit, however, is not necessarily a condemnation. Rather, it presents a peculiar geometric problem: is this a descent into oblivion, or merely a temporary distortion within the complex topology of market valuation? The company’s capitalization stands at $7.4 billion—a sum which, when considered against the backdrop of global economic forces, feels both substantial and strangely insubstantial.

The price of the black goo – West Texas Intermediate, they call it, a rather pompous name – had sunk to a measly $57 a barrel. And Brent, the fancy European stuff, wasn’t much better at $60. Investors, those fidgety creatures, were dumping energy stocks like hot potatoes, searching for something…shinier.

On the thirteenth of February, in the year of our Lord two thousand and twenty-six, Ranger Investment Management, a house known for its discerning (or perhaps merely audacious) investments, acquired a further one hundred and ninety-seven thousand and seventy-three shares of Solaris Energy Infrastructure. A transaction amounting to some nine and a half million dollars, calculated with the precision of a clockmaker, based upon the quarterly averages. One wonders if such meticulousness extends to the assessment of the company’s true worth.

This week, Argan’s shares jumped 16.4%. Sixteen point four! Like it suddenly discovered the cure for… inefficient power grids. I mean, it’s a stock. It goes up, it goes down. It’s not supposed to be so… enthusiastic. It’s unsettling. And now everyone’s talking about it. Like they discovered something new. It’s just building things. Things that require electricity. It’s not rocket science, people!

The filing, dated February 13th, 2026, is a small thing, really. A ripple in the vast, indifferent ocean of capital. Yet, it’s a ripple worth noting. Not because of its size—many larger bets are made and forgotten daily—but because of what it suggests about the observer’s patience. A willingness to position oneself for a future that feels…distant, perhaps. A future where things are built again.

The discerning investor, when contemplating opportunities in this evolving landscape, frequently directs their attention to names such as Tesla and BYD. However, a more subtle observation suggests that the most advantageous position may be held by a party one might least expect: the estimable house of Ferrari. Indeed, to suggest Ferrari as a purveyor of electric vehicles may strike some as a rather eccentric notion, yet a closer inspection of their recent endeavors reveals a strategy of considerable prudence.

The account, etched into the cold stone of SEC filings, reveals a quiet retreat. Black Creek, once a substantial holder, now holds a diminished stake in NICE. The numbers themselves are sterile, but they speak volumes about the currents running beneath the surface. Fifty-eighty-four thousand, two hundred and nine shares remain, a shadow of the previous holding. The market, that fickle mistress, has also taken her toll, reducing the overall valuation by fifty-seven million, seven hundred and ninety thousand dollars. A double blow, delivered with the usual indifference.

These advanced chips, you understand, are not merely faster; they are more efficient. They consume less power, allowing for more calculations per watt, and thus enabling the ever-increasing demands of our digital deities. AI, that ambitious pretender to human intellect, requires these chips in ever-growing quantities. And where does one find these essential components? Why, from ASML, of course! A most convenient arrangement, wouldn’t you agree?

According to the official scrolls (otherwise known as an SEC filing dated February 13, 2026), Black Creek has increased its stake in FTI Consulting. The aforementioned 402,008 shares represent a tidy sum, and the fund’s total holding in the company has swelled by $74.83 million, a figure that accounts for both the transaction itself and the fickle whims of the market. It’s a bit like trying to herd cats – you can nudge them in the right direction, but they’ll still insist on occasionally chasing dust bunnies.

My observations, drawn from a portfolio I call Voyager, tend to focus on those very companies—the ones the market has, for the moment, forgotten. It’s a melancholy pursuit, admittedly. One finds, more often than not, that the market is remarkably efficient at discovering opportunities. Even Intel, a name once synonymous with innovation, has enjoyed a brief resurgence. Yet, one wonders if the underlying issues – the quiet compromises, the missed turns – have truly been resolved, or if this is merely a fleeting reprieve.