Eugenio Catone
Eugenio Catone @CatoneEugenio

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3.31%2026
2026
19.34%2025
2025
18.98%2024
2024
64.17%2023
2023
-6.87%2022
2022
64.2%0%-64.2%
Eugenio Catone
Crude oil is hovering around $86 and heading straight for $90. The reason? Oil reserves are running dry, and Iran still holds a tight grip on the Strait of Hormuz, to the point where they want to set up a formal toll system. In my view, it's very likely this war will drag on for a while, and my... Mostrar mais Traduzir
Eugenio Catone
In red, the trend of the SOX Index (US semiconductors) during the dot-com bubble; in black, the current trend of the SOX index. It is often said that history does not repeat itself, but it rhymes, and I would say that is precisely the case here. Semiconductors, as it has always been, are proving to... Mostrar mais Traduzir
Eugenio Catone
Tensions mounted on Wall Street following yesterday’s sharp downturn. Oil nearly hit triple digits again following the Houthi attack in the Red Sea, while Alphabet released quarterly results that left investors puzzled. Cloud growth came in at an incredible 82%, but free cash flow turned negative due... Mostrar mais Traduzir
Eugenio Catone
Two ships carrying Saudi oil bound for China just reversed course as soon as they approached the Bab al-Mandab Strait. The Houthis (a Yemeni military organization) threatened to open fire on the Saudi vessels if they proceeded, and the latter decided not to risk it. After Hormuz, Bab al-Mandab could... Mostrar mais Traduzir
Eugenio Catone
Following the escalation around Hormuz and yet another blockade choking transit through the strait, the Houthis (Yemen) are now threatening to target Bab al-Mandeb—a move that would deal a knockout blow to Arab exports. Oil has bounced back over the past ten days, though it’s still well below its $120... Mostrar mais Traduzir
Eugenio Catone
After the Great Financial Crisis, the stock market experienced one of its biggest bull runs ever, mostly thanks to M2 money supply going through the roof. Non-stop QE and pumping liquidity into the financial system acted as a massive bullish catalyst, driving stock prices way up. Today as well, the markets... Mostrar mais Traduzir
Eugenio Catone
Since the start of the year, my portfolio's performance has been quite underwhelming, especially from April onward. The stock market rally was super aggressive, but I went into defensive mode instead—building up cash and investing in companies with stable cash flows that have basically nothing to... Mostrar mais Traduzir
Eugenio Catone
If you’re planning to invest in this year’s mega IPOs—like SpaceX, Anthropic, and OpenAI—you’ll definitely want to check out this chart shared by Josh Schafer on X. As you can see, a ton of companies hit massive drawdowns during their first year on the public market. This list includes some of the biggest... Mostrar mais Traduzir
Eugenio Catone
After 15 years of massive buybacks, Alphabet just announced an $80 billion stock issuance. It’s just under a 2% dilution, so it’s not a big deal, but it’s a historic shift. Even though Alphabet basically prints money and has already raised billions in debt, they now need to dilute shareholders to keep... Mostrar mais Traduzir

Sobre Eugenio Catone
Itália
Estratégia: Valor

Long-term view; I only invest in exceptional businesses. Minimum copy amount: $200
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