Daniel Shvartsman
@danielshortman.bsky.social
Writer, reader, podcaster, registered investment advisor, traveler. Restless and short.
Shortinvestingguide.com
Visiblecities.substack.com
https://middlecoastinvesting.com/performance-disclosures/
Shortinvestingguide.com
Visiblecities.substack.com
https://middlecoastinvesting.com/performance-disclosures/
Pinned
Middle Coast Investing Letter Q3 2025: Artificial Intelligence, Natural Caution - Middle Coast Investing
The third quarter was a very fortunate one for Middle Coast Investing. Our collective portfolio rose ahead of the S&P 500 and is ahead of our benchmarks year to date. Buyouts of four portfolio compani...
middlecoastinvesting.com
It's quarterly letter season, and I'm happy to share Middle Coast Investing's!
We had a strong Q3, with the fortune of several buyouts and a few stocks jumping as keys to the quarter.
I start the letter, though, with thoughts on using and investing in AI
middlecoastinvesting.com/middle-coast...
We had a strong Q3, with the fortune of several buyouts and a few stocks jumping as keys to the quarter.
I start the letter, though, with thoughts on using and investing in AI
middlecoastinvesting.com/middle-coast...
We pulled out the podcast mic for the first time in 22 (!) months on the Razor's Edge, as Akram's Razor and I talk AI.
• Dark GPUs vs. Dark Fiber
• Limits to the Cap-ex trade
• Fundamental tensions in AI narratives
Check it out here or wherever you get podcasts.
open.spotify.com/episode/3j2P...
• Dark GPUs vs. Dark Fiber
• Limits to the Cap-ex trade
• Fundamental tensions in AI narratives
Check it out here or wherever you get podcasts.
open.spotify.com/episode/3j2P...
Dark Fiber vs. Dark GPUs and AI Capex
open.spotify.com
November 17, 2025 at 11:18 AM
We pulled out the podcast mic for the first time in 22 (!) months on the Razor's Edge, as Akram's Razor and I talk AI.
• Dark GPUs vs. Dark Fiber
• Limits to the Cap-ex trade
• Fundamental tensions in AI narratives
Check it out here or wherever you get podcasts.
open.spotify.com/episode/3j2P...
• Dark GPUs vs. Dark Fiber
• Limits to the Cap-ex trade
• Fundamental tensions in AI narratives
Check it out here or wherever you get podcasts.
open.spotify.com/episode/3j2P...
Reposted by Daniel Shvartsman
I talked up my two biggest portfolio adds - $CPAY and $GOGO - plus a bunch of situational stuff we have added ($HI, $BHF, $AL, and $TFSL).
Performance disclosures here.
Best of luck for the rest of the year!
middlecoastinvesting.com/performance-...
Performance disclosures here.
Best of luck for the rest of the year!
middlecoastinvesting.com/performance-...
Performance Disclosures - Middle Coast Investing
The performance disclosures for Middle Coast Investing, including discussion of calculation, use of net returns, and more.
middlecoastinvesting.com
October 3, 2025 at 1:35 PM
I talked up my two biggest portfolio adds - $CPAY and $GOGO - plus a bunch of situational stuff we have added ($HI, $BHF, $AL, and $TFSL).
Performance disclosures here.
Best of luck for the rest of the year!
middlecoastinvesting.com/performance-...
Performance disclosures here.
Best of luck for the rest of the year!
middlecoastinvesting.com/performance-...
Reposted by Daniel Shvartsman
Here's our performance table:
$DALN, $AAPL, $SCS, $ATRO, $LYFT, and $ECG keyed the winner side, while $PTLO, $PGR, and $LULU were the main detractors.
$DALN, $AAPL, $SCS, $ATRO, $LYFT, and $ECG keyed the winner side, while $PTLO, $PGR, and $LULU were the main detractors.
October 3, 2025 at 1:35 PM
Here's our performance table:
$DALN, $AAPL, $SCS, $ATRO, $LYFT, and $ECG keyed the winner side, while $PTLO, $PGR, and $LULU were the main detractors.
$DALN, $AAPL, $SCS, $ATRO, $LYFT, and $ECG keyed the winner side, while $PTLO, $PGR, and $LULU were the main detractors.
It's quarterly letter season, and I'm happy to share Middle Coast Investing's!
We had a strong Q3, with the fortune of several buyouts and a few stocks jumping as keys to the quarter.
I start the letter, though, with thoughts on using and investing in AI
middlecoastinvesting.com/middle-coast...
We had a strong Q3, with the fortune of several buyouts and a few stocks jumping as keys to the quarter.
I start the letter, though, with thoughts on using and investing in AI
middlecoastinvesting.com/middle-coast...
Middle Coast Investing Letter Q3 2025: Artificial Intelligence, Natural Caution - Middle Coast Investing
The third quarter was a very fortunate one for Middle Coast Investing. Our collective portfolio rose ahead of the S&P 500 and is ahead of our benchmarks year to date. Buyouts of four portfolio compani...
middlecoastinvesting.com
October 3, 2025 at 1:35 PM
It's quarterly letter season, and I'm happy to share Middle Coast Investing's!
We had a strong Q3, with the fortune of several buyouts and a few stocks jumping as keys to the quarter.
I start the letter, though, with thoughts on using and investing in AI
middlecoastinvesting.com/middle-coast...
We had a strong Q3, with the fortune of several buyouts and a few stocks jumping as keys to the quarter.
I start the letter, though, with thoughts on using and investing in AI
middlecoastinvesting.com/middle-coast...
I also did an update post $SCS buyout, and the combined $HNI-$SCS entity. Free log-in set up required, I believe.
This is the sort of merger that probably doesn't get through Lina Khan's FTC; consolidation of 2 of the top 4 players in a $10B+ industry. Fwiw.
investmentcut.pro/cash-in-or-h...
This is the sort of merger that probably doesn't get through Lina Khan's FTC; consolidation of 2 of the top 4 players in a $10B+ industry. Fwiw.
investmentcut.pro/cash-in-or-h...
August 14, 2025 at 12:22 PM
I also did an update post $SCS buyout, and the combined $HNI-$SCS entity. Free log-in set up required, I believe.
This is the sort of merger that probably doesn't get through Lina Khan's FTC; consolidation of 2 of the top 4 players in a $10B+ industry. Fwiw.
investmentcut.pro/cash-in-or-h...
This is the sort of merger that probably doesn't get through Lina Khan's FTC; consolidation of 2 of the top 4 players in a $10B+ industry. Fwiw.
investmentcut.pro/cash-in-or-h...
<Takes a big inhale>: Happy Gilmore 2 is just an echo of Don Quixote part 2, with the fictional character stepping into a world that knows him and eggs him on, heightening the hero's del....
<gets trampled by a nag of a horse>
<gets trampled by a nag of a horse>
August 11, 2025 at 8:22 PM
<Takes a big inhale>: Happy Gilmore 2 is just an echo of Don Quixote part 2, with the fictional character stepping into a world that knows him and eggs him on, heightening the hero's del....
<gets trampled by a nag of a horse>
<gets trampled by a nag of a horse>
I updated on my TripAdvisor $TRIP position for The Investment Cut (run by a friend and former colleague), and how the Starboard 9% position fits into the thesis.
Between that and $DALN agreeing to a buyout, good start to Q3 for Middle Coast Investing.
investmentcut.pro/assessing-tr...
Between that and $DALN agreeing to a buyout, good start to Q3 for Middle Coast Investing.
investmentcut.pro/assessing-tr...
Reassessing TRIP Amid Starboard’s Filing - The Investment Editor's Cut
FOREWORD: Tripadvisor, Inc, the operator of the Tripadvisor travel platform, as well as travel tour company Viator, and dining platform The Fork, is no stranger to takeover rumours. However, after TRI...
investmentcut.pro
July 21, 2025 at 2:21 PM
I updated on my TripAdvisor $TRIP position for The Investment Cut (run by a friend and former colleague), and how the Starboard 9% position fits into the thesis.
Between that and $DALN agreeing to a buyout, good start to Q3 for Middle Coast Investing.
investmentcut.pro/assessing-tr...
Between that and $DALN agreeing to a buyout, good start to Q3 for Middle Coast Investing.
investmentcut.pro/assessing-tr...
Reposted by Daniel Shvartsman
The post has winners, losers, and changes, while this link includes my performance disclosures.
Stay safe out there! More 'fun' ahead, one way or another. middlecoastinvesting.com/performance-...
Stay safe out there! More 'fun' ahead, one way or another. middlecoastinvesting.com/performance-...
Performance Disclosures - Middle Coast Investing
The performance disclosures for Middle Coast Investing, including discussion of calculation, use of net returns, and more.
middlecoastinvesting.com
July 9, 2025 at 4:24 PM
The post has winners, losers, and changes, while this link includes my performance disclosures.
Stay safe out there! More 'fun' ahead, one way or another. middlecoastinvesting.com/performance-...
Stay safe out there! More 'fun' ahead, one way or another. middlecoastinvesting.com/performance-...
Reposted by Daniel Shvartsman
My performance is here.
Apple hurt the overall performance, while the core portfolios were doing even better, relatively, until a June earnings bump or two.
Apple hurt the overall performance, while the core portfolios were doing even better, relatively, until a June earnings bump or two.
July 9, 2025 at 4:23 PM
My performance is here.
Apple hurt the overall performance, while the core portfolios were doing even better, relatively, until a June earnings bump or two.
Apple hurt the overall performance, while the core portfolios were doing even better, relatively, until a June earnings bump or two.
Happy to share my Q2 letter for Middle Coast Investing.
Markets have more than recovered since Liberation Day, but I suspect more heavy stuff is to come
I talk about the positives and negatives out there, my portfolio, and a few position changes:
middlecoastinvesting.com/middle-coast...
Markets have more than recovered since Liberation Day, but I suspect more heavy stuff is to come
I talk about the positives and negatives out there, my portfolio, and a few position changes:
middlecoastinvesting.com/middle-coast...
Middle Coast Investing Q2 2025 Letter: All Better Now? - Middle Coast Investing
The last three months have been noisy ones, both in markets and the world at large. For all that, those months left U.S. stocks at all-time highs. Our accounts also did well, not dropping as much as m...
middlecoastinvesting.com
July 9, 2025 at 4:23 PM
Happy to share my Q2 letter for Middle Coast Investing.
Markets have more than recovered since Liberation Day, but I suspect more heavy stuff is to come
I talk about the positives and negatives out there, my portfolio, and a few position changes:
middlecoastinvesting.com/middle-coast...
Markets have more than recovered since Liberation Day, but I suspect more heavy stuff is to come
I talk about the positives and negatives out there, my portfolio, and a few position changes:
middlecoastinvesting.com/middle-coast...
I got to watch about five minutes of NBA Finals game time while in an airport, which was enough time to make four puckered lips ‘oof’ faces after Pacers shots (two threes and two McConnell shots).
June 23, 2025 at 1:20 AM
I got to watch about five minutes of NBA Finals game time while in an airport, which was enough time to make four puckered lips ‘oof’ faces after Pacers shots (two threes and two McConnell shots).
One possible benefit of AI in search is to kill a lot of the worst SEO practices (longer articles padded with fluff, redundant headers, the use of the 'breaking news blog' format that divorces headline to content connection), though, really, it will probably get worse in some way.
June 16, 2025 at 6:51 PM
One possible benefit of AI in search is to kill a lot of the worst SEO practices (longer articles padded with fluff, redundant headers, the use of the 'breaking news blog' format that divorces headline to content connection), though, really, it will probably get worse in some way.
So plenty of stars in these three episodes but damn if Valencia doesn’t look good again.
The true star of episode 6 of Andor is Valencia.
May 7, 2025 at 10:42 PM
So plenty of stars in these three episodes but damn if Valencia doesn’t look good again.
With the market finishing above April 2nd levels Friday, I decided to break a video format back out.
I hit:
• 3 reasons that might explain the recovery
• 2 things investors should keep in mind.
Summing up to The Stock Market 5, a new weekly (?) video series:
www.youtube.com/watch?v=GmWK...
I hit:
• 3 reasons that might explain the recovery
• 2 things investors should keep in mind.
Summing up to The Stock Market 5, a new weekly (?) video series:
www.youtube.com/watch?v=GmWK...
The Stock Market 5: How Are We Back From Liberation Day?
YouTube video by A Short Investing Guide
www.youtube.com
May 5, 2025 at 2:08 PM
With the market finishing above April 2nd levels Friday, I decided to break a video format back out.
I hit:
• 3 reasons that might explain the recovery
• 2 things investors should keep in mind.
Summing up to The Stock Market 5, a new weekly (?) video series:
www.youtube.com/watch?v=GmWK...
I hit:
• 3 reasons that might explain the recovery
• 2 things investors should keep in mind.
Summing up to The Stock Market 5, a new weekly (?) video series:
www.youtube.com/watch?v=GmWK...
Friday esmorzaret/almuerzo
My tongue was salt pickled by the peanuts for hours.
My tongue was salt pickled by the peanuts for hours.
May 3, 2025 at 10:01 AM
Friday esmorzaret/almuerzo
My tongue was salt pickled by the peanuts for hours.
My tongue was salt pickled by the peanuts for hours.
The true star of episode 6 of Andor is Valencia.
May 3, 2025 at 9:59 AM
The true star of episode 6 of Andor is Valencia.
The S&P 500 and Nasdaq are up since the beginning of April (Russell 2000? Not so fast).
We should be careful about slam dunking based on market prices. The market is going to market.
Plenty more bumps ahead, because that's who's in charge. I don't know what's going to happen.
Prepare and hope.
We should be careful about slam dunking based on market prices. The market is going to market.
Plenty more bumps ahead, because that's who's in charge. I don't know what's going to happen.
Prepare and hope.
May 1, 2025 at 5:39 PM
The S&P 500 and Nasdaq are up since the beginning of April (Russell 2000? Not so fast).
We should be careful about slam dunking based on market prices. The market is going to market.
Plenty more bumps ahead, because that's who's in charge. I don't know what's going to happen.
Prepare and hope.
We should be careful about slam dunking based on market prices. The market is going to market.
Plenty more bumps ahead, because that's who's in charge. I don't know what's going to happen.
Prepare and hope.
Photo taken at 18:26…
April 28, 2025 at 6:14 PM
Photo taken at 18:26…
Reposted by Daniel Shvartsman
1Q'25 Middle Coast Investing on #$ECG, #$SON
More fund letters here:
lettersandreviews.blogspot.com/p/4th-quarte...
More fund letters here:
lettersandreviews.blogspot.com/p/4th-quarte...
April 18, 2025 at 12:22 PM
1Q'25 Middle Coast Investing on #$ECG, #$SON
More fund letters here:
lettersandreviews.blogspot.com/p/4th-quarte...
More fund letters here:
lettersandreviews.blogspot.com/p/4th-quarte...
I finally sat down long enough amidst everything to write my quarterly letter.
I'm a stockpicker, but start off with macro stuff because (gestures)
• The predictable volatility
• The surprising indifference
• The unpredictable slapdash decision-making
• How we're adjusting
Have a read below:
I'm a stockpicker, but start off with macro stuff because (gestures)
• The predictable volatility
• The surprising indifference
• The unpredictable slapdash decision-making
• How we're adjusting
Have a read below:
Middle Coast Investing Q1 2025 Letter: Before And After The Liberation Day Crash - Middle Coast Investing
After a bumpy but not terrible Q1 for Middle Coast Investing, and a Liberation Day crash to start Q2 that has been bad for everyone, one of my favorite movie quotes comes to mind. The movie is Vision ...
middlecoastinvesting.com
April 11, 2025 at 1:35 PM
I finally sat down long enough amidst everything to write my quarterly letter.
I'm a stockpicker, but start off with macro stuff because (gestures)
• The predictable volatility
• The surprising indifference
• The unpredictable slapdash decision-making
• How we're adjusting
Have a read below:
I'm a stockpicker, but start off with macro stuff because (gestures)
• The predictable volatility
• The surprising indifference
• The unpredictable slapdash decision-making
• How we're adjusting
Have a read below:
Love to reduce economic activity and tax receipts to reduce the deficit…double negative math is unstoppable.
April 10, 2025 at 5:50 PM
Love to reduce economic activity and tax receipts to reduce the deficit…double negative math is unstoppable.
I just can't believe* we're doing the whole 'sectors move on tweets' thing again.
*I can wholly believe it. It's just, not even history repeating as farce. SIgh.
*I can wholly believe it. It's just, not even history repeating as farce. SIgh.
April 4, 2025 at 3:20 PM
I just can't believe* we're doing the whole 'sectors move on tweets' thing again.
*I can wholly believe it. It's just, not even history repeating as farce. SIgh.
*I can wholly believe it. It's just, not even history repeating as farce. SIgh.
Only leaving Valencia: man has to put his suitcase through security again because he has to take his paella pan out and put it in a separate tray
April 2, 2025 at 2:07 PM
Only leaving Valencia: man has to put his suitcase through security again because he has to take his paella pan out and put it in a separate tray