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Diversified Chaos Investing

Deep dives on under-followed businesses that compound for the long term.

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PricingOnly free issuesPublishesDaily
Issues34Foundeda year agoLast Issue12 days ago
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Latest Issues

Backing Up the Truck: Why Insiders Are Buying NIKE at 12-Year Lows

“Buy the trophies when they’re on sale”
Tom Michaud, CEO of KBW.

Why I bought $NKE yesterday morning (6.16.2026)

The market is glued to Nvidia and loss making IPOs. I am focused on what the market is missing. NIKE reached its all-time h...

12 days ago

Cracking the Cycle: Shifting a Commodity Business to a Higher Earnings Floor

Intro

An off-the-beaten-path mid-cap at a $3.7 billion market capitalization, trading almost 40% below its 52-week high of $126.40. A long-term cyclical compounder and industry leader that benefits from market dominance and scale. This s...

16 days ago
7
7

SpaceX by the Numbers: $18.7B in Revenue, a $4.9B Loss, and a 50.7x Book

SpaceX Opens the Books: A Forensic Walk Through the $1.75 Trillion S-1

Rockets, Starlink, and xAI in a single prospectus. Segment by segment, line by line. The following is a detailed report, skip down to consolidated financial report fo...

23 days ago
4

Not All Energy Is the Same Trade

Part two of two. A Peace Deal Won't Save Energy runs first — read it here.

“Now set that against how the market is positioned. Energy was about 30% of the S&P 500 in the 1980s. Today it is 3%. Fossil fuel that supplies four-fifths of globa...

a month ago
1

SpaceX: The Light of Consciousness (and Other Risk Factors)

This is the first of three pieces on SpaceX's S-1, and the only one with no valuation model in it — no fair-value math, no verdict, just the strangest things a company has ever committed to a federal filing, collected in one place. Consider...

a month ago
2

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  • Diversified Chaos Investing

    Deep dives on under-followed businesses that compound for the long term.

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