Summary
Highlights
The video introduces the topic of super investors' buying and selling activities in Q4 2025, comparing current market valuations to investment decisions made when prices were higher. It also previews earnings reports from Booking Holdings, Walmart, DoorDash, and Moody's, and a 'fail of the week' story.
Berkshire Hathaway, led by Warren Buffett, took the opposite approach to Ackman, selling 77.2% of its Amazon position. While this is a small portion of Berkshire's overall portfolio, the host disagrees with Buffett's decision, attributing it to Berkshire's preference for companies generating immediate free cash flow, potentially overlooking Amazon's long-term potential as a cloud and retail giant.
The host compares Walmart and Amazon's valuations, noting Walmart's 43 forward PE ratio is double Amazon's 26.5, despite Amazon's significantly faster revenue growth and larger overall revenue. This disparity is attributed to investor fear regarding AI and capex spending in tech companies.
Dev Kanasaria's Valley Forge Capital made a 15% reduction in Intuit. The host notes that this selling likely occurred at higher prices in 2024 and 2025, and believes Kanasaria might even be adding to the position at its current, significantly lower price, which is down 40% year-to-date.
The video highlights that many of the top 10 most-bought stocks by super investors in Q4 2025, including Microsoft (down 17%) and S&P Global (down 19%), are now much cheaper. This suggests that these investors may see current market conditions as a buying opportunity, particularly for companies facing concerns about AI automation.
Moody's reported strong earnings and its CEO effectively addressed concerns about AI impact. The CEO explained Moody's significant moat, citing proprietary data, IP rights, semantic expertise, historical depth, and robust governance, which make its data solutions difficult for AI to replicate and provide 'decision-grade outputs' that chatbots cannot. The host plans to buy more Moody's and S&P Global shares.
Booking Holdings reported strong Q4 2025 growth (revenue up 16%, net income up 34%), but its stock fell 7% due to slightly slower revenue guidance. DoorDash continues its impressive growth with revenue up 37% and orders up 32% year-over-year, demonstrating the strong demand for convenience-driven services despite potential markups.
The video concludes with a humorous segment about an awkward moment at an AI summit in India. Sam Altman (OpenAI) and Dario Amodei (Anthropic), fierce business rivals, refused to hold hands during a symbolic group gesture on stage, creating a visibly uncomfortable and 'aura-losing' situation for both, making them the 'fail of the week.'
Ackman sold Google to buy Amazon, a company the host is also very bullish on. Amazon is seen as a blue-chip company with a wide moat, predictable growth, and an artificially low PE ratio, similar to Meta, due to its significant capex investments. The host views this capex as a sign of strong customer demand, not a weakness.
Bill Ackman's 13F filing shows a significant new investment in Meta, making it one of his top five holdings. The host agrees with Ackman's bullish stance on Meta due to its cheap valuation, fast growth, and wide moat, despite high capex spending. Ackman also reduced his Google position by 87% after it doubled in price, a move the host understands but considers possibly premature.