+0.0
net board stance
what this means
694.76
+2.6% · close 2026-11-06
+5% / +17% / +23%
1m / 3m / 12m
+31%
vs SPY since 2025-08-01
95%
of 52w range · -2.0% off high
0/3
hit rate as primary · vs SPY -36
Where All-In Alpha stands — 0 live ideas
No active idea holds this ticker. Anything below is history.
Where the winds are blowing
NET BOARD STANCE, LAST 60 EPISODES —
rising = the besties are building this position, falling = abandoning it. From the
conviction ledger; an idea counts from birth until its window closes. Dots mark episodes
where this ticker's ideas were actually mentioned; a dashed stretch is silence.
Last mention E224 · silent for 71 episodes.
PRICE VS SPY OVER THE SAME WINDOW, % — did the
talk lead the tape or follow it?
Who's pushing which way
each voice's net push ON THIS TICKER — their most recent stance per idea × that idea's direction ON THIS TICKER × strength, so supporting a bearish idea pushes down, unless this ticker is listed as the other side of it. Not conviction (that lives on the idea); this is direction of travel per person. what w= means
Track record on TMO
As a PRIMARY play the besties are 0 hit / 0 partial / 3 miss over 3 closed windows — credit 0.0, average vs SPY -36.4. Adjacent plays are listed but never scored.
| idea | call | play | result | return | vs SPY | scored |
|---|---|---|---|---|---|---|
| 📈 Infrastructure-spend compounders are the best asset of 2023 | ▲ LONG | primary | WRONG | -0.4% | -22.8 | 2024-01-06 |
| 🏛️ Federal research funding retreats from universities | ▼ SHORT | primary | WRONG | -25.3% | -65.1 | 2026-04-19 |
| 📈 Life sciences stays funded through the bust - own the tools companies | ▲ LONG | primary | WRONG | -3.0% | -21.4 | 2023-10-01 |
The tape — what was actually said
every capture on any idea holding TMO, newest first · quotes verbatim, timestamps deep-link into the episode
Friedberg
support ×2
▼ on
🏛️ Federal research funding retreats from universities
E224 · 2025-04-19
▶ 48:38
So the question today that's being asked is, should we be doing fundamental scientific research at universities given that over time the administrative overhead has grown and they're basically creating administrative workloads and employing people without necessarily having a market incentive?
Sacks
support ×1
▼ on
🏛️ Federal research funding retreats from universities
E224 · 2025-04-19
▶ 40:14
No one is saying that they have to get rid of DEI. They just have to give up their federal funding the way that Bob Jones University did.
Brad Gerstner
support ×2
▲ on
📈 Infrastructure-spend compounders are the best asset of 2023
E118 · 2023-03-03
▶ 1:30:03
I would argue that it's not just the Chips Act. It's also IRA, which is another trillion dollars of funding for basically onshore and supply chains.
Friedberg
support ×2
▲ on
📈 Infrastructure-spend compounders are the best asset of 2023
E110 · 2023-01-06
▶ 1:05:00
I'll say what's an important trend I've seen across these companies, Danaher, Honeywell, Thermo Fisher, they buy small companies, they pay very little, and they immediately get massive return on invested capital, like they're in the high teens. So why get 5% on T-bills when you can get high teens, ROIC, on the management teams running these incredible platforms? So that's where I'm most excited for this year.
Friedberg
support ×2
▲ on
📈 Life sciences stays funded through the bust - own the tools companies
E98 · 2022-10-01
▶ 18:49
And by the way, there's a lot of public companies to invest in, not on the primary basis, but that are tools companies that are benefiting greatly from the continued demand and growth in spending in that category.