Applying Sam Zell's principle, the AI boom creates a surge in power demand. Investing in power producers like Talon Energy at a discount to their physical replacement cost offers a compelling way to capitalize on this long-term, supply-constrained trend.
GeoNet built the world's largest RTK network by using crypto incentives for individuals to deploy base stations. This DePIN model allows for faster, cheaper, and more extensive infrastructure build-out than traditional, capital-intensive corporate approaches.
Barry Diller's bid and 26% stake in MGM highlight a classic investment signal: when a savvy operator makes a highly concentrated bet, the market is likely missing significant hidden assets, such as MGM's opportunities in Japan and Dubai.
Actis Oncology uses the Actinium radioisotope, a byproduct of 1950s US nuclear programs. This US-controlled supply chain creates a rare geopolitical moat, making it "off-limits to China" and protecting it from the patent replication common in the biotech sector.
MGM's investment thesis includes a "free option"—a 300,000 sq ft space in its Dubai property ready for a casino. If gambling is legalized, this creates massive upside not currently priced into the stock, a key strategy in value investing.
GeoNet uses 80% of its revenue to buy its own GEOD tokens from the open market. This mechanism creates direct, verifiable value accrual for token holders, functioning similarly to a corporate stock buyback program and aligning project success with investor returns.
AI is driving power demand at an unprecedented speed ("internet time"). However, building new power infrastructure takes decades ("geological time"). This massive mismatch creates a prolonged period of tight supply, making existing power assets incredibly valuable.
Actis de-risks its drug development by using a platform where physicians can verify target engagement with imaging in early trials. This strategy confirms the drug is reaching the tumor, providing a crucial go/no-go signal long before expensive late-stage trials.
A sophisticated portfolio can blend large positions in liquid, downside-protected assets (like MGM or Talon) with smaller, "lottery ticket" investments in illiquid but high-upside opportunities (like Actis or GeoNet). Sizing is determined by the asset's risk profile and market depth.