“Lyn Alden: Debt System ‘Is Breaking’—How High Will Yields Go?”
Speaker trimmed GOOGL position after stock doubled at large scale with negative FCF; previous bull thesis exhausted, stance neutral-to-bearish (not acutely bearish).
I used to be very bullish on Alphabet. Um but when that more than doubled you know the at the scale that they operate at when you know when you have a multi- trillion dollar company double um uh you know I and and and while also going free cash flow negative uh I eventually trimmed out of that.
not say that I'm acutely bearish, but I just my bullish thesis has kind of played out.