Archive - Phaetrix Investing

The Hardest Part of Long-Term Investing Is the Waiting

The investors who survive think differently about time.

Jun 12 • Phaetrix

The Best Investing Style Is the One You Can Actually Survive

Why your wiring matters more than your strategy — and what a drawdown will tell you about both.

Jun 10 • Phaetrix

FTNT +23%: One Quarter or Rerating?

The business accelerated. The market reacted. The real question is whether investors believe it lasts.

Jun 8 • Phaetrix

The Market Isn’t Breaking. It’s Rotating.

That’s why most investors are misreading it.

Jun 5 • Phaetrix

The AI Trade Is Starting to Break Apart

Mega-cap tech is no longer one unified AI trade. The market is starting to separate participation from economic capture.

Jun 3 • Phaetrix

The Real Berkshire Transition Isn’t Greg Abel

It’s whether shareholders will allow Buffett’s framework to evolve without Buffett.

Jun 2 • Phaetrix

JPM at $306: Great Business, Dangerous Expectations

The business keeps proving itself. The stock may already have collected the reward.

Jun 1 • Phaetrix

May 2026

DELL: 18x Guidance vs 24x Consensus — Is FY27 the Start of a New Era or Just Peak AI?

The market is split on whether Dell’s explosive AI backlog and margin expansion signal a durable hybrid infrastructure compounder — or just another…

May 30 • Phaetrix

Apple’s $25B Buyback Has a 2.9% Problem

The return is real. The decision is the question.

May 29 • Phaetrix

You Don’t Have a Thesis Until You Know What Breaks It

An idea without a “wrong if” is not a thesis. It’s a story.

May 27 • Phaetrix

$14T in Payments—So Why Is Visa Being Priced Like a Slowdown?

This only works if Visa controls the next layer of payments. If not, the repricing has already started.

May 23 • Phaetrix

The Buyback is an Expense

The accounting illusion of net owner return.

May 22 • Phaetrix