Geopolitical conflict and monetary policy have historically moved in tandem during periods of global instability. Bitmex co-founder and Maelstrom CIO Arthur Hayes shared analysis this week predicting that a U.S. conflict involving Iran could force the Federal Reserve to cut interest rates and inject liquidity, a policy pivot he argues has repeatedly driven major rallies in bitcoin and other crypto assets.
To fix one’s gaze upon a decade hence requires a certain fortitude, a willingness to endure the inevitable fluctuations of fortune. Two enterprises, however, present themselves as worthy of consideration – SoFi Technologies and MercadoLibre – each a nascent power, though not without its own peculiar vulnerabilities. Both have recently experienced a slight diminution in their valuation, a temporary setback which, to a discerning eye, reveals not weakness, but opportunity. Like young men returning from the Crimea, they bear the marks of recent skirmishes, yet possess a vigor that belies their recent trials.
The numbers, they’re always the numbers, aren’t they? AUM, TTM, P/E ratios… it’s enough to make a sane man reach for the nearest bottle of something strong. They had 4.6% of their portfolio tied up in this beast, now it’s…gone. Vanished. Like a bad dream after a particularly potent breakfast burrito. ASGN, VRT, NCLH… these are the new gods now, apparently. The market’s shifting, and it’s not waiting for anyone. It’s a goddamn stampede.
The figures themselves are cold and unrevealing. A 3.37% addition to Clearline’s holdings, a rounding error in the grand ledger of capital. NASDAQ: SATS, TLN, MU, ROG, PRMB – these are the totems of a faith increasingly divorced from tangible reality. The market, in its ceaseless appetite, demands to be fed, and these companies, like dutiful serfs, offer up their shares for consumption. One notes the relative prominence of SATS at $96.04 million, a sum that, when considered in the context of human suffering and unmet needs, feels…unsettling.
Accel, for those unfamiliar with its particular brand of enterprise, operates within the distributed gaming sector. Essentially, they install and manage casino games. Their fourth-quarter and full-year results, released just after the market closed, revealed new revenue highs. The quarter saw a top line expansion of almost 8% year-over-year, reaching over $341 million. A perfectly adequate sum, and, I’m told, exceeding analyst expectations – though one does wonder what those analysts are for if they can’t predict the obvious.
Before the market even had its coffee, Babcock & Wilcox announced a deal with Base Electron – a full notice to proceed, they called it. Sounds official, don’t it? Turns out, they’re buildin’ a power plant, a big one, worth $2.4 billion. That’s enough coin to make a king envious. The purpose? To feed electricity to the owner of Base Electron, a company called Applied Digital, which runs them artificial intelligence contraptions. AI, they call it. Sounds like somethin’ out of a dime novel, if you ask me.
According to the ever-watchful eyes at Arkham Intelligence, a whopping 1.23 Bitcoin (roughly $22,550, or about what you’d pay for a slightly used luxury car) was transferred from a wallet charmingly labeled “Miguel Villanueva Seized Funds” to three separate wallets. The amounts? $2,500, $16,250, and $3,800. Not exactly life-changing sums, but hey, it’s the thought that counts. Or maybe it’s the timing. Because, let’s face it, the timing was impeccable-or suspicious, depending on your tinfoil hat preferences.
MercadoLibre’s dominance, once seemingly assured, now feels… tempered. The arrival of Shopee, a nimble competitor backed by Sea Limited, has stirred the waters. It is a familiar story – the established order challenged by a newcomer, possessing a certain… audacity. Shopee’s approach, characterized by aggressive pricing, has undeniably captured the attention of consumers, a phenomenon that even a market leader cannot entirely ignore. One observes, with a touch of melancholy, the inevitable erosion of unchallenged supremacy.
It is crucial to understand that these are not ‘get rich quick’ schemes, but a return to fundamental values: long-term holdings in companies possessing genuine, demonstrable worth. Mr. Buffett favored businesses with a clear competitive advantage – a ‘moat’, as he termed it – protecting them from the relentless pressures of the market. To suggest that one can simply replicate his success by purchasing the same shares is naive. However, understanding the reasoning behind those choices is a worthwhile endeavor. The following are not recommendations, but observations on companies that, at the time of writing, appear to embody those principles.
Apparently, Boxer Capital really likes Tango. They increased their stake, bringing their total holdings to a cool 21.09% of their 13F reportable AUM as of December 31st, 2025. AUM, for those of us who don’t speak fluent finance-ese, is Assets Under Management. It’s basically how much money they’re playing with. And they’re playing with a lot. The total value of their TNGX holdings now clocks in at $96.36 million. It’s like a really expensive game of Candy Crush.