First, my September call didn't hold up On September 15 I said "HOLD," that nothing changed the thesis, and that the balance sheet was stronger than the price showed. TPIA was around Rp1,900 then. Today it closed at Rp1,…
Las Vegas Sands' Big Test Came Back — and This Time Singapore Stumbled Too I told readers to watch October 21 for one thing: proof that Las Vegas Sands could stop its costs from eating its profits. The proof didn't come.…
📢 Update — September 15, 2026: We're Taking Profit. Here's Why. It's been about three and a half months since I first published this thesis on June 2, and a lot has happened. I promised to update this post whenever ther…