Hims and Duolingo are Trillion Dollar Companies in the Making

2025-12-31 · 5 company · 4 thematic

sentiment

5 bull0 bear0 neu

speakers

antonio linares

Antonio Linares runs a concentrated six-stock portfolio plus micro investments, focusing on 'singularity scalers' — companies with proprietary data moats that compound value via AI scaling laws. He bought Palantir at ~$7, held through 2022-2024 drawdowns, and teaches a course on modern value creation processes. His framework emphasizes betting early on extraordinary companies, holding forever, and learning from concentrated mistakes.

quote

“If you own biomarkers and you become the single source of truth for patients worldwide, then you become the top of funnel for the industry, which is really the long-term promise for this company. And then Andrew shared in the last earnings…”

—antonio linares

now playing · $HIMS

$HIMS···bullish· high· posantonio linares

Host bets heavily on Hims as trillion-dollar healthcare disruptor despite 50% drawdowns

Hims is building a proprietary healthcare network with biomarker data and labs that creates a top-of-funnel moat; management executes ahead of expectations and understands healthc…

$DUOL···bullish· high· posantonio linares

Host doubles down on Duolingo at 60% discount as AI redefines teaching quality

Duolingo's network effects and data create an AI-powered education moat; CEO Luis von Ahn's shift to teaching quality aligns with host's vision, making the drawdown a buying oppor…

$SPOT···bullish· low· posantonio linares

Spotify held in portfolio and performed well in 2025

Spotify is a portfolio holding that has done really well this year, part of a diversified bet alongside Palantir and AMD.

$AMD···bullish· low· posantonio linares

AMD held in portfolio and performed well in 2025

AMD is a portfolio holding that has done really well this year, part of a diversified bet alongside Spotify and Palantir.

$PLTR···bullish· mediumantonio linares

Palantir cited as 27x winner after being mislabeled a consulting company in 2022

Palantir was deeply misunderstood at $7-9 in 2022; early holders made 27x, illustrating how consensus can be wildly wrong on network-effect businesses.