All-In episode 7 produced five routed trades: SpaceX, cybersecurity, broad software short, Salesforce, and Apple, plus unrouted xAI and picloram regulatory-risk theses.
originalThat row is a pesticide called Picloram. Picloram is a pesticide that was developed by the Dow Chemical Company in 1963.
Figma, which had a huge IPO pop and is now down 67%. So what is the role of venture capital... Software was eating the world, now tokens are eating uh the SAS business
Let me just flag one other area that I think is maybe the white hot center within this red hot area of coding, which is cyber.
Just one last point on this is that I think the succession at Apple is reminiscent a little bit of the succession at Disney.
By the way, Salesforce today is down 9%. 140 billion enterprise value on 15 billion of free cash flow. This thing is trading at less than 10 times free cash flow. It's unbelievable.