Equinix and Digital Realty are the real public play on the data-center permitting crisis, because they own permitted capacity that cannot be replicated for 3-5 years. A post the author replies to says new facilities cost $40-50B, take 3-5 years with no guaranteed permits, and that Anthropic and Google are instead renting SpaceX capacity at $1.25B and $920M a month. SpaceX is private, so these two landlords are how public investors get that exposure. x.com 

AI infrastructure and adjacent companies could compound for years as the boom shifts from initial infrastructure seeding to deployment across industries. The positioning list spans compute, manufacturing, networking, storage, power, software, data centers and supporting sectors, with Bloom Energy added later. Focus on real demand and bottlenecks, size for volatility and select conviction plays; some names are speculative or execution-heavy.
theprofinvestor on X theprofinvestor on X

Howard Hughes is billed as a modern-day Berkshire, but it is a real estate developer with a toll booth for Pershing Square. Bill Ackman's arrangement collects $15M a year in base fees plus 1.5% annualized above $66.15 on a share count new issuance cannot dilute. The stock is down 20% this year, below where that fee meter starts, and the insurance business is so far a press release. The new CEO's non-compete ends next June, and the Arch record being cited belongs to Arch's shareholders. x.com 

The Fed's September 16 quarter-point hike affects the high-moat portfolio differently from the simple picture of borrowers paying more. Bond-rating companies are having record quarters because the AI building boom keeps borrowing whatever rates do, while brokers that should win get only a small bump. The real damage falls on home loans and on the price investors will pay today for profits far in the future, which is where most of the portfolio sits. x.com