• Running an AI Factory

    And the Holy Grail of ROIC

     

    In order to profitably operate a factory, you need to maximize capacity utilization. AI factories are […]

  • A New Chapter at Dock Street

    Same work, same team, steady leadership

     

    Over thirty-five years ago, I founded Dock Street. Since then, we’ve grown into a firm with […]

  • Gemini 3 is DeepSeek Part 2

    Both mean more GPUs are needed, not fewer.

     

    Thanksgiving is around the corner, but on the New York Stock Exchange, it’s Groundhog […]

  • Here We Go Again

    A normal market correction is underway

    Following six straight months of gains, we finally have entered into a significant market pullback. As […]

  • Cash Flow is Wealth

    Net Worth comes in many forms, but without cash flow, it is worthless

    In any Jane Austen novel net worth is never mentioned. But income! – […]

  • Who should you invest in?

    Focus on the basics

    Picture the following person: she has a high income and it’s only going up. She spends less than […]

  • For Better or Worse, but Not Forever

    Know when to hold ’em, know when to fold ’em

    The goal of our investment process at Dock Street is to find […]

  • No Longer Idling

    Computation is Driving Intelligence

    When you start a car and leave it in park, that’s called idling. The machine is on, but […]

  • The 50-Year-Old Stock Analyst

    Trying to understand Wall Street skeptics

    Is Artificial Intelligence just another bubble? The answer seems to be “yes” for many technology stock […]

  • DeepSeek Follow-Up

    What’s happened since January?

    Earlier this year, the markets were shocked by a Chinese AI model called DeepSeek. Lots of hasty conclusions […]