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The fear is not unfounded. The development of self-driving technology carries within it the promise—or the threat—of bypassing the very networks Uber has so painstakingly constructed. It is as if the roads themselves might render the cartographers obsolete. But within this apparent vulnerability lies a subtle strategy, a repositioning. Uber, rather than attempting to become the architect of the automated future, is becoming its silent bloom, its conduit. It is not the engine, but the garden through which the engine travels.

In the fourth quarter of the past year, Miller Value Partners, with a flourish of bureaucratic paperwork, dispatched its entire holding of 72,000 shares of Buckle, realizing a sum of approximately $4.22 million. One might ask, what prompted this sudden departure? Was it a disagreement over the cut of the denim? A dispute regarding the proper application of studs and rivets? Alas, the motives of these financial players remain shrouded in a delightful obscurity.

The question, then, isn’t so much which is better, but which is likely to be less disappointing over the next three years. It’s a low bar, admittedly, but in investing, sometimes simply avoiding catastrophe is a triumph.

History is full of these stories. Buy low, sell high. It’s so simple, it’s almost insulting. Could Palantir set you up for life? That’s the question, isn’t it? And frankly, I’ve seen more promising schemes involving trained pigeons and a very complicated pulley system.

This isn’t merely a numerical quirk. Bamco’s position now accounts for 2.27% of its 13F assets under management as of December 31, 2025. A small percentage, perhaps, but consider this: every percentage point represents a significant chunk of capital, diligently seeking… well, more capital. It’s a self-perpetuating cycle, really. Like a very sophisticated hamster wheel made of finance.

The consumer feels the pinch at the pump with an immediacy that statistics cannot yet capture. The reported inflation figures, those neat, retrospective accounts, lag behind the lived experience. February’s numbers, as expected, offered a momentary stillness. But March will bring a reckoning. The oil’s ascent will be etched into the data, a rising tide lifting all inflationary boats. And it won’t stop there.

Three holdings, in particular, stand out as possessing a certain… resilience. Not invulnerability, mind you. Nothing is truly invulnerable in this age of algorithmic goblins and overnight sensations. But resilience. The ability to withstand a bit of economic turbulence, a rogue tweet, or the sudden realization that everyone’s been overestimating the demand for avocado toast. These are Chubb, Alphabet, and Kraft Heinz. Let’s examine them, shall we? With a critical eye, of course. And perhaps a small glass of something fortifying.

Everyone’s obsessed with the intelligence in artificial intelligence, but let’s talk about the electricity. All those servers aren’t running on good intentions. They’re running on…stuff. Mostly fossil fuels, as it turns out. It’s a little awkward, right? We’re promising a technological utopia powered by the same stuff that’s currently making the planet sweat.