qfx

The purchase—62,291 shares—is not a shout, but a measured breath. A slow accretion, like the gathering of silt at the river’s bend. It lifts DFGP to 7.07% of their reported assets, a significant weighting, yet one that feels…considered. Not a frantic rush, but the settling of a piece into a larger, carefully constructed mosaic. Their existing holdings—DFAC, DFIC, DFSV, DUHP, DGCB—stand as quiet witnesses, each a testament to a similar patience, a similar faith in the slow, deliberate unfolding of value.

The recent acquisition of Europe‘s Less Common Metals allows USA Rare Earth to move beyond mere expenditure and begin generating revenue. Previously, the company’s financial statements offered a simple narrative: costs incurred, losses registered. Now, at least, a line representing income appears, however modest. This is not a sign of health, merely a stage in development. A patient is not cured simply because a fever breaks.

And the thing is, it’s not even a buy recommendation. It’s “equal weight.” Equal weight! What does that even mean? It’s like saying, “Yeah, it exists.” It’s the most lukewarm endorsement imaginable. And then, of course, the stock is already trading above her $33 target. So, the whole thing is just… pointless. A completely pointless exercise in… what? Hope?

Now, after a year wherein the stock experienced a most improbable 100.8% revival – a feat reported with some astonishment by S&P Global Market Intelligence – the question arises: can this theatrical performance continue? Do we dare hope for a doubling of fortunes yet again? One is reminded of a character in a comedy, grasping at straws in a desperate attempt to maintain an illusion.

Forget “inference.” Call it what it is: the frantic, desperate attempt to make all this silicon and code justify its existence. These AI models aren’t thinking; they’re reacting. And they need chips. LOTS of chips. Not the fancy, overhyped graphics cards Nvidia’s peddling to the crypto crowd and AI hypebeasts, but the raw, industrial-strength silicon that can actually handle the workload. That’s where Broadcom slithers into the picture. They don’t deal in dreams; they deal in infrastructure. The bedrock of the digital apocalypse.

Those hoping for a burst of upward momentum should keep a weather eye on developments, specifically in a region often overlooked in the grand scheme of automotive ambition: Europe. It’s a place where things are…different. And by different, I mean a bewildering array of regulations, road sizes, and a general preference for vehicles that don’t resemble mobile fortresses.

Before Berkshire, there was a little club, a sort of money-making gang called Buffett Limited Partners. They were rather good at it, racking up returns of over 30% a year. Then Mr. Buffett decided to focus on his bigger game, leaving the little gang behind. A sensible decision, really, like choosing a whole chocolate cake over a single biscuit.