Transaction log

  • May 16, 2022 - Bought 15 @ $113.51 (1.12% wtg, opportunistic)

  • Nov 2, 2022 - Bought 5 @ $99.52 (20 shares, 1.30% wtg)

  • Oct 22, 2024 - Upgraded to coffee can

  • Aug 27, 2025 - Upgraded to coffee can innovators

Airbnb

Location: San Francisco, California

 

Estimated fair value history

  • Mar-25 - $129 (4.0% MFCF yield)

  • Jun-25 - $135

  • Sep-25 - $140

  • Dec-25 - $145

Profile

Industry: Travel services

Sector: Consumer discretionary

Theme: Location independence, gig economy

4 3/4-Year shareholder growth: +31.9%/year

Estimated fair value: $145

Valuation assumption: 4.0% MFCF yield

Insider ownership: 29.6%

Investors: Lewis Kaufman (APAM), Brett Schafer (Chit Chat Stocks)

History
Upgrading Airbnb and Shake Shack to the Coffee Can bucket
Upgrading Airbnb and Shake Shack to the Coffee Can bucket

Airbnb and Shake Shack have long runways for growth. Time for an upgrade.

Airbnb gets added to the S&P 500
Airbnb gets added to the S&P 500

Airbnb and Blackstone make it to the big leagues…

Adding to KWEB amid the China gloom, bailing on SMG and PRPL
Adding to KWEB amid the China gloom, bailing on SMG and PRPL

China gloom has hit a new high. For diehard contrarians, what's not to love? [trades]

Buying 8 new stocks with a growth emphasis
Buying 8 new stocks with a growth emphasis

Negatives: recession on the way, big tech stocks still not cheap. Positives: bearish sentiment, lots of selling pressure below the surface. How these countervailing forces resolve themselves is an open question, but many high quality growth stocks are reasonably priced. [trades]