My bullish view on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM ) aka TSMC has been playing out very nicely as the stock has posted great outperformance vs. the S&P 500 ( SP500 ):I aim to provide alpha-generating investment ideas. I am an independent investor managing my family's portfolio, primarily via a Self Managed Super Fund. You can expect my articles to deliver a clearly structured, evidence-based thesis. But first and foremost, I encourage readers to judge me on my performance.I hav ...

Core Insights - The article emphasizes the importance of generating alpha through independent investment strategies, focusing on sectors with perceived potential against the S&P 500 [1] - A generalist approach is adopted, allowing for exploration and investment across various sectors, with typical holding periods ranging from a few quarters to multiple years [1] Research Methodology - The company maintains comprehensive spreadsheets that track historical financial data, key metrics, guidance trends, and valuation comparisons against peers [1] - Monitoring includes not only company filings but also relevant industry news and reports, as well as analyses from other sources [1] - In instances of leadership changes, a deep dive into the new CEO's background and past performance is conducted to assess potential impacts on the company [1] Valuation Approach - The company rarely utilizes Discounted Cash Flow (DCF) models for long-term projections, believing they offer limited value [1] - Instead, the focus is on evaluating how a company has performed historically and the outlook on five key drivers of DCF valuation: revenues, costs and margins, cash flow conversion, capital expenditures, and interest rates [1]

Core Insights - The focus is on generating alpha through independent investment management, primarily using a Self Managed Super Fund [1] - The investment strategy is generalist, exploring various sectors with perceived alpha potential compared to the S&P 500 [1] - The typical holding period for investments ranges from a few quarters to multiple years [1] Research Approach - Comprehensive spreadsheets are maintained to track historical financial data, key metrics, guidance trends, and valuation comparisons with peers [1] - Monitoring includes industry news, reports, and other analysts' coverage, especially during significant events like CEO changes [1] - The emphasis is on assessing company performance and outlook based on five key drivers of DCF valuation rather than projecting long-term financials [1]

Core Viewpoint - The article discusses a 'Neutral/Hold' outlook on Microsoft (NASDAQ: MSFT) following the Q3 FY25 earnings release, indicating a cautious approach to investment in the company [1]. Group 1: Company Performance - Microsoft has shown stock performance that has generated alpha since the Q3 FY25 earnings release in late April 2025 [1]. - The company operates on a fiscal year ending in June, which is relevant for understanding its financial reporting timeline [1]. Group 2: Investment Strategy - The investment strategy involves a generalist approach, analyzing various sectors for potential alpha generation compared to the S&P 500 [1]. - The typical holding period for investments ranges from a few quarters to multiple years, suggesting a long-term investment perspective [1]. Group 3: Analyst's Position - The analyst currently holds no stock or derivative positions in Microsoft but may initiate a long position within the next 72 hours [2]. - The article reflects the analyst's personal opinions and is not influenced by compensation from any company mentioned [2].

Core Viewpoint - Palantir Technologies Inc. has demonstrated resilience by generating moderate positive returns during a broader market sell-off, indicating its potential as an alpha-generating investment opportunity [1]. Group 1 - The company has a generalist investment approach, exploring and analyzing various sectors with perceived alpha potential compared to the S&P 500 [1]. - The typical holding period for investments ranges from a few quarters to multiple years, suggesting a long-term investment strategy [1]. - The article emphasizes the importance of reviewing the author's ratings history to gauge the effectiveness of investment recommendations [1].

Core Insights - The article emphasizes the importance of delivering alpha-generating investment ideas through a structured and evidence-based approach [1] - It highlights a generalist investment strategy that focuses on sectors with perceived alpha potential compared to the S&P 500 [1] - The typical investment holding period is noted to range from a few quarters to multiple years [1] Investment Strategy - The investment approach is characterized by a focus on analyzing and investing in various sectors, provided there is potential for alpha generation [1] - The article suggests that reviewing the historical ratings of published articles can provide insights into the author's investment success and skill in generating alpha [1] Disclosure and Independence - The author discloses having no current stock or derivative positions in the companies mentioned and no plans to initiate any such positions in the near future [2] - The article is presented as an independent opinion, with no compensation received from companies mentioned, aside from Seeking Alpha [2]