Sven labels Howard Hughes a bad story with a history of underperformance, remaining skeptical of its strategic value-unlocking efforts
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Ackman Betting Big On Brookfield BN, UBER, AMZN, META
Value Investing with Sven Carlin, Ph.D.Mar 18, 2026
Sven Carlin critiques Bill Ackman's concentrated portfolio, arguing that holdings like Brookfield and Uber rely on aggressive accounting and high valuations rather than a true margin of safety. He warns that Ackman is chasing growth and AI narratives, which contrasts with traditional value investing principles.
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Sven is highly bearish on Hertz, suggesting the company faces obsolescence from autonomous vehicles and ride-sharing dominance
Sven suggests that the major gains from Google have likely been realized and questions if it is time for investors to exit the position
Sven views Meta's current AI capex cycle as a significant risk and believes the best value opportunity has already passed
While acknowledging Amazon's business strength, Sven questions if buying at current multiples is disciplined investing or speculative gambling
Sven critiques Uber's valuation, arguing that stock-based compensation and accounting adjustments hide a much higher true P/E ratio
Sven warns that Brookfield's reliance on internal mark-to-model valuations and financial engineering creates significant risk for investors
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HTZ
sell opened Mar 18, 2026
-24.64%