Eyes on the prize

Look around to find investment ideas, (Peter Lynch was right).

Over the long weekend, I enjoyed one of my July 4^th favorites - a hot dog. We had a cookout with friends and family. We drank beer, (ok, and bourbon). There was apple pie, brownies, ice cream, corn on the cob. And the pain I endured as the Yankees dropped one to the Mets was overshadowed by another fascinating 4^th phenom from which I cannot look away: Joey Chestnut. The man can really take down hot dogs. I even bought the Nathan’s brand in homage to him. To watch the Coney Island spectacular is to literally not believe one’s eyes. 70 hot dogs in 10 minutes. Sure, he’s had periodic competitors (Kobayashi with 6), but our boy Joey took down his 17^th win. He is, as we say in the market, an unrivaled secular winner. Nvidia is, in fact, the Joey Chestnut of AI. And so, it got me thinking…

This note covers things we can observe – literally see with our eyes - that are not validated by any kind of numeric methodology. They are the anecdotal things that make us ask a question. They are the spark. And they don’t often come from the internet or a screen or more prominently in our business these days, a data provider.