[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

[@JM_Investment0](/creator/twitter/JM_Investment0)
"Between $FOUR $ROOT and now $PYPL Im running out of cash this week Maybe I need one more add to $DLO before earnings to round things out"  
[X Link](https://x.com/JM_Investment0/status/1976034926253441181) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-08T21:20Z XXX followers, XXX engagements


"@blueMichael33 I dont think Ive ever posted the full thing but I talk about it fairly often. Five biggest positions are $DLO $UNH $NBIS $CNC $OSCR in that order. Recently Ive added a lot to $FOUR and $ROOT and will probably continue to do so"  
[X Link](https://x.com/JM_Investment0/status/1976383315923042592) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-09T20:24Z XXX followers, XXX engagements


"@SUMOmomentums @grok I dont know $BRO but Id maybe agree - $LMND is targeting a bigger TAM at the moment by working across multiple insurance categories so there is lots of potential however $ROOT is much better value so may still have better upside potential and its definitely got less downside"  
[X Link](https://x.com/JM_Investment0/status/1978520230579081494) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-15T17:55Z XXX followers, XXX engagements


"Im strongly considering selling $ASML recently. I know its a great business but so does everyone and I think the value now reflects that. I bought heavily in April and Im up XX% but Im not sure I see it providing market beating returns from this point. What do you think"  
[X Link](https://x.com/JM_Investment0/status/1978918500270748098) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T20:18Z XXX followers, XXX engagements


"Adding $DLO $ROOT and $FOUR today. Saving some cash for next week if we drop further but will take some nibbles today. $DLO I wanted to wait for $XX but not sure if itll get there again especially after Q3 earnings"  
[X Link](https://x.com/JM_Investment0/status/1976721411235627297) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-10T18:48Z XXX followers, 3974 engagements


"These are the stocks and key prices I will be watching for next week if the market continues to dip: $DLO DCA $XX add heavily $XX $PYPL add $XX $FOUR DCA $XX $ROOT add heavily $XX DCA up to $XX $PGY add $XX $ZETA add $XX See why below👇"  
[X Link](https://x.com/JM_Investment0/status/1977022875832914258) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-11T14:45Z XXX followers, 8845 engagements


"Lots of buying and selling for me today as I look to concentrate in my highest conviction positions: Added to: - $DLO - $FOUR - $ROOT - $PYPL Trimmed: - $ASML - $NU - $BN Ive covered why each of the buys already but will post about the sells too later"  
[X Link](https://x.com/JM_Investment0/status/1977806410806341820) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-13T18:39Z XXX followers, 2386 engagements


"@TacticzH @realroseceline @tadhelm Haha that would be very valid - every time I add to $FOUR theres a voice in my head asking would $DLO be better"  
[X Link](https://x.com/JM_Investment0/status/1979465412443345199) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-18T08:31Z XXX followers, XXX engagements


"Management Worth mentioning is the ownership and management of $FOUR Founder Jared Isaacman is a major shareholder with an approx. XX% stake and recent insider buys including nearly 200k shares in August in the low $80s. He also controls XX% of the voting power. Isaacman was CEO until recently when he moved to chairman. The new CEO was previously president & chief strategy officer at $FOUR. He owns approx. 100k shares. Management looks good and well aligned which checks a box for me"  
[X Link](https://x.com/JM_Investment0/status/1972258598198669551) [@JM_Investment0](/creator/x/JM_Investment0) 2025-09-28T11:14Z XXX followers, XXX engagements


"Valuation - Pt X At $80/share $FOUR trades around XX EV/EBITDA or 1618 P/E based on FY25 guidance. Similar companies like Adyen and Block trade at around 3x the EV/EBITDA multiple despite lower growth and margins. Management is targeting $1B FCF in the next few years If they hit that even with a fairly low 15x multiple we have a share price around $XXX or 100%+ upside"  
[X Link](https://x.com/JM_Investment0/status/1972258600912404571) [@JM_Investment0](/creator/x/JM_Investment0) 2025-09-28T11:14Z XXX followers, XXX engagements


"Added to $ROOT and $FOUR again today. Valuations on these two seem good while a lot of the market looks expensive"  
[X Link](https://x.com/JM_Investment0/status/1975239834563203368) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-06T16:40Z XXX followers, 2226 engagements


"The more I dig into $ROOT the more I like it Its looking increasingly asymmetric and great value. The embedded side is growing triple digits and already close to half of revenue. Its profitable will probably get more profitable and the market is pricing it down"  
[X Link](https://x.com/JM_Investment0/status/1975660638291865837) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-07T20:32Z XXX followers, 4357 engagements


"Stocks Ill be watching next week if the market continues to dip $DLO - will add again at $XX and probably DCA everyday under that $ROOT - I really want a big add under $XX $PYPL - under $XX Ill start adding heavily $OSCR - under $XX $FOUR - under $75"  
[X Link](https://x.com/JM_Investment0/status/1976745839004639456) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-10T20:25Z XXX followers, 8362 engagements


"$DLO - Fair value around mid/high $20s - Growing 30%+ YoY AND profitable - Proven leadership - Massive TAM tailwinds - $XX its priced like a mid-tier business despite years of 20%+ CAGR potential"  
[X Link](https://x.com/JM_Investment0/status/1977022877699297686) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-11T14:46Z XXX followers, 9936 engagements


"$FOUR - 30%+ CAGR if management targets are met & limited downside - big asymmetric setup at $XX - Growing XX% YoY with improving margins and huge growth runway - Founder led & invested leadership - aligned with shareholders"  
[X Link](https://x.com/JM_Investment0/status/1977022881616822455) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-11T14:46Z XXX followers, 1137 engagements


"$ROOT - Half of the business growing at triple digits YoY - Already profitable & likely margin expansion with scale - Priced for minimal growth at $XX with potential to 3x over five years in base case or 6x in bull - Founder led"  
[X Link](https://x.com/JM_Investment0/status/1977022883521040852) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-11T14:46Z XXX followers, 1022 engagements


"Im working on a $ROOT thread to hopefully share what a good (or bad) investment it is and also solidify my own conviction. Anyone have any questions or things theyre unsure of and what addressing"  
[X Link](https://x.com/JM_Investment0/status/1977056542311825472) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-11T16:59Z XXX followers, 1825 engagements


"@DividendNGrowth Have you looked at $FOUR That and the ones you mentioned are some of my favourite stocks at the moment"  
[X Link](https://x.com/JM_Investment0/status/1977794389540790417) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-13T17:51Z XXX followers, XXX engagements


"GROWTH DRIVERS The next leg of growth for $ROOT isnt about chasing volume its scaling profitability. Here are the main growth drivers I see: 1) Partnership expansion This year Root signed a new partnership with Hyundai that they have yet to fully scale and I hope there will be several more of these. Embedded insurance is high-ROI low-CAC. 2) Growth of independent agents channel Root is making it easy for agents to sell with instant quotes and agent friendly features. This channel also keeps acquisition costs lower than direct marketing. 3) Product & geographic expansion Root is not yet in"  
[X Link](https://x.com/JM_Investment0/status/1978218559365906502) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-14T21:57Z XXX followers, 3517 engagements


"CAPITAL POSITION I want to quickly mention Roots capital position since I think it is important and easily brushed over. As I said earlier insurers must hold a surplus - Root currently holds 7x the minimum capital required giving it a healthy buffer to grow and deal with any big costs - typical thresholds are around 3x-4x. Their underwriting leverage (ratio of premiums to surplus) is 6x which is a good amount for a growing insurer. This is increasing and may become an issue around 8x but now Root is profitable it can increase its surplus as it grows. Nevertheless its something to keep an eye"  
[X Link](https://x.com/JM_Investment0/status/1978218571193880714) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-14T21:57Z XXX followers, XXX engagements


"VALUATION & ASYMMETRY $ROOT is profitable and growing 20%+ but I dont think the market has caught up. Valuing using what I think are realistic & cautious assumptions: - XX% CAGR revenue growth - X% net margin (inline with competitors) I get a fair value around $130/share (+60%) in the base case. A bull case (25% growth XX% margin) gives $170+ (+110%) while a conservative bear case gives near $XX (15%). In the base case I project a price around $XXX in X years about XX% CAGR. Even in a bear case I think capital loss is unlikely unless issues really materialise. For me this represents an"  
[X Link](https://x.com/JM_Investment0/status/1978218574906118608) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-14T21:57Z XXX followers, XXX engagements


"CONCLUSION $ROOT is now profitable growing well with plenty of potential to keep going and has a strong capital position. There are several risks to consider and monitor thats why we get a good price but I believe the potential reward outweighs these risk. My base fair value is gives 60%+ upside and projects XX% CAGR over the next X years with a realistic chance of much more if growth and margin targets hold. This is why I see $ROOT as one of the most asymmetric setups in the market and will continue to add"  
[X Link](https://x.com/JM_Investment0/status/1978218578903261294) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-14T21:57Z XXX followers, XXX engagements


"Thanks Andy thats interesting I was thinking to 2030 for growth and could see potentially XX% in XX and XX but margin seems high what makes you use XX% Even the best auto insurers are around XX% right I definitely like to stay on the conservative though because if something looks good there then you really know youre onto a winner"  
[X Link](https://x.com/JM_Investment0/status/1978363737338687943) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-15T07:34Z XXX followers, XX engagements


"I took advantage of this dip and increased my $ROOT position by a third"  
[X Link](https://x.com/JM_Investment0/status/1978563888384790873) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-15T20:49Z XXX followers, 1846 engagements


"@Spike_1567 I saw you mention you were unsure what separates $ROOT from competitors and thought the post above might help you"  
[X Link](https://x.com/JM_Investment0/status/1978872784618164397) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T17:16Z XXX followers, XXX engagements


"@Spike_1567 Honestly Im struggling to pick between both. I think $ROOT might have more potential upside than $FOUR but also more downside. I keep adding to both - at the moment $ROOT is about X% of my portfolio and $FOUR is 6%. I think I would be happy with both at around 8%"  
[X Link](https://x.com/JM_Investment0/status/1978877948535984252) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T17:37Z XXX followers, XXX engagements


"@realroseceline @tadhelm Thats interesting how come"  
[X Link](https://x.com/JM_Investment0/status/1979076304939987125) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-17T06:45Z XXX followers, XXX engagements


"Something I like about $FOUR vs competitors: Customer cost in the 1st year is by far the cheapest. They front load costs lock in merchants with a frictionless process then scale volume and make money on payment processing. Long term costs are similar for all but $TOST"  
[X Link](https://x.com/JM_Investment0/status/1970758437572321738) [@JM_Investment0](/creator/x/JM_Investment0) 2025-09-24T07:53Z XXX followers, 2602 engagements


"My post was saying this is the FCF & share price now if management guidance of $1B is met this would be the new share price at the same multiple. They reported their guidance in adj. FCF so I used that in my calculation to be consistent. Is your point that I said FCF and didnt specify it was adjusted Sorry Im not really following otherwise"  
[X Link](https://x.com/JM_Investment0/status/1974164339176218715) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-03T17:27Z XXX followers, XX engagements


"Both $UNH and $CNC have been steadily ticking up over the last couple of months even during market downturns. Ive big positions in both and see them as great safe stocks while valuations are high in general. Even at currents prices they could be good adds"  
[X Link](https://x.com/JM_Investment0/status/1975613635243483505) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-07T17:26Z XXX followers, 1345 engagements


"$UNH $CNC Im expecting considerable upward movement after Q3 and Q4 earnings To be where they are already is very bullish"  
[X Link](https://x.com/JM_Investment0/status/1976612781693542633) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-10T11:36Z XXX followers, XXX engagements


"$PGY - Growing XX% YoY and becoming profitable - 10x+ potential if growth continues and margins continue to improve - Founder led - Fell from $40s on unrelated news - XX% upside at $XX just to get back"  
[X Link](https://x.com/JM_Investment0/status/1977022885312012531) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-11T14:46Z XXX followers, 1572 engagements


"$ZETA - 20%+ revenue growth and EBITDA margins - Sticky recurring revenue and customers keep spending more - XX consistent beat & raise quarters - At $XX near key support with XXX% upside if guidance met"  
[X Link](https://x.com/JM_Investment0/status/1977022887409197088) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-11T14:46Z XXX followers, 1060 engagements


"@GabGrowth Do you like $MELI at its current price I feel its a bit expensive but fantastic business"  
[X Link](https://x.com/JM_Investment0/status/1977289423940354352) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-12T08:25Z XXX followers, XXX engagements


"$ROOT is profitable and growing 20%+ YoY but priced like a stale insurer Here is why I think its one of the most asymmetric opportunities in the market today 👇🧵"  
[X Link](https://x.com/JM_Investment0/status/1978218543633047680) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-14T21:57Z XXX followers, 14.5K engagements


"WHAT ROOT DOES $ROOT is an auto insurer that uses telematics data and clever underwriting models to price risk based on how someone drives not demographics. They build their own tech stack and models and do their own underwriting. Sales are through several channels: direct to consumer (DTC) through app or website through partnerships with car sellers like Carvana and sites like Experian or through independent insurance agents"  
[X Link](https://x.com/JM_Investment0/status/1978218547307217145) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-14T21:57Z XXX followers, XXX engagements


"REVENUE GROWTH After years of cash burn and restructuring $ROOT is now profitable and growing fast. TTM gross earned premium is $1.36B up XX% YoY. Beneath the top line things look even better though XX% of written premiums are DTC growing XX% YoY XX% come from partnerships (Carvana Experian etc) growing XXX% YoY XX% are through independent agents growing XXX% YoY As the faster growing segments scale and overtake DTC top line growth will accelerate"  
[X Link](https://x.com/JM_Investment0/status/1978218550746878226) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-14T21:57Z XXX followers, XXX engagements


"PROFITABILITY $ROOT is already achieving class leading combined ratios of XX% on par with industry leaders like $PGR & $ALL. And again beneath the surface the numbers get even better. If you are new to insurers: The combined ratio measure how much an insurer spends per $ of premium. Its made of a loss ratio + expense ratio. If the combined ratio is XX% the insurer keeps roughly X for each $ of premium. Loss ratio is money spent on claims expense ratio is money spent on operating expenses. Roots loss ratio is actually less than $PGR & $ALL despite being much smaller thanks to its telematics"  
[X Link](https://x.com/JM_Investment0/status/1978218555528114652) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-14T21:57Z XXX followers, XXX engagements


"RISKS TO WATCH There are risks with $ROOT and its important to be realistic with them. I think the risk/reward is good but not risk free. The main risks I see are: 1) Catastrophe exposure Much of Roots revenue is in storm heavy states and a one-off event could feasibly dent growth or profitability for several quarters. The balance sheet and reinsurance structure means I do not think this would be existential but would definitely slow them down. 2) Growth inhibited by capital requirements Insurers must maintain surplus capital relative premiums written therefore as $ROOT grows it must hold"  
[X Link](https://x.com/JM_Investment0/status/1978218563577303143) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-14T21:57Z XXX followers, XXX engagements


"MOAT AND COMPETITIVE ADVANTAGES Ive seen a few people ask what makes $ROOT stand out vs competitors and I believe its the following: 1) Telematics and underwriting advantage Root prices based on one of the biggest datasets of driving data and as discussed earlier this allows them to be extremely competitive price wise. There is also a flywheel effect - more customers - more data - better models & pricing - more customers. Competitors could copy this but Root has a big head start and their tech stack build from scratch around this gives them an advantage over competitors legacy systems. 2)"  
[X Link](https://x.com/JM_Investment0/status/1978218567528018208) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-14T21:57Z XXX followers, XXX engagements


"I believe $ROOT is around $XX right now & I believe one of the best buy opportunities youll get Its down X% today likely due to $PGR earnings $PGR missed on EPS mainly due to a one-off regulatory cost that doesnt apply to $ROOT Market sentiment is dragging $ROOT down not fundamentals Read the thread below if you want to see why Im bullish on $ROOT 👇"  
[X Link](https://x.com/JM_Investment0/status/1978514454070313002) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-15T17:32Z XXX followers, 15.6K engagements


"@AXDWealth Carvana is a big part of their embedded growth but not the only one they also have partnerships with Hyundai and a few others. Losing Carvana might show growth short term and is a risk but I dont think its a thesis breaker. Why do you dislike them so much"  
[X Link](https://x.com/JM_Investment0/status/1978811143276597526) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T13:11Z XXX followers, XX engagements


"One great thing about $ROOT embedded channels is their partners are growing too even as $ROOT gains market share. Carvanas Q2 vehicles sold was up XX% YoY. Hyundai USA H1 vehicles sold was up XX% YoY. Thats lots more vehicles being sold offering $ROOT"  
[X Link](https://x.com/JM_Investment0/status/1978878910428315855) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T17:41Z XXX followers, 3163 engagements


"A lot of red again across my portfolio today. $FOUR and $ROOT in particular look like fantastic opportunities. I have bought both again and will happily continue to average down maybe even freeing up cash from other positions. I also like $PGY at this price"  
[X Link](https://x.com/JM_Investment0/status/1978887821634007229) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T18:16Z XXX followers, 1569 engagements


"@Spike_1567 About X% its my smallest position. I like it and think it could offer some defensiveness missing elsewhere but at the price $FOUR and $ROOT are right now I just believe theyre better opportunities"  
[X Link](https://x.com/JM_Investment0/status/1978891814921777658) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T18:32Z XXX followers, XXX engagements


"@Spike_1567 I do doubt $PYPL go much lower in the medium term but I think the same could be said for $ROOT and $FOUR who also have much more upside potential"  
[X Link](https://x.com/JM_Investment0/status/1978893013532151875) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T18:37Z XXX followers, XXX engagements


"Im watching $MELI as a potential new position on this pullback I love their sustained high growth and think there could be lots of tailwinds and potential to keep growing more. Price Im not sure on but if it keeps dropping Ill start seriously looking into them"  
[X Link](https://x.com/JM_Investment0/status/1978893690237043162) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T18:39Z XXX followers, XXX engagements


"@Spike_1567 I dont think $PYPL could be a long term high growth compounder as easily as $FOUR but Id be happy to be proven wrong"  
[X Link](https://x.com/JM_Investment0/status/1978895195442659678) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T18:45Z XXX followers, XXX engagements


"@Mindset4Money_X I think $FOUR quite easily out of those"  
[X Link](https://x.com/JM_Investment0/status/1978895685073166432) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T18:47Z XXX followers, 1210 engagements


"@tadhelm Thats interesting Id probably add to $FOUR instead too if I sold"  
[X Link](https://x.com/JM_Investment0/status/1978929476047184350) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-16T21:02Z XXX followers, XXX engagements


"Is it just my algorithm or are there a lot less posts about $NBIS lately Im really looking forward to Q3 results So much has happened in just a few months"  
[X Link](https://x.com/JM_Investment0/status/1979508025770512657) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-18T11:21Z XXX followers, 3134 engagements


"$ROOT could make you rich Heres why its one of the most asymmetric opportunities in the market👇 The grid below shows share prices & CAGRs in X years assuming : - Revenue growth of 10%-30% CAGR - Net margin of 4%-12% - PE of XX For reference: - $ROOT grew net earned premiums XX% YoY in Q2 and had a net margin of X% - $PGR grew XX% CAGR over X years with XX% net margin - $ALL grew XX% CAGR with X% net margin As $ROOT scales its expense ratio should fall so margins likely expand. Out of XX scenarios: - Only X loses money - XX exceed XX% annual returns including the base case - The average"  
[X Link](https://x.com/JM_Investment0/status/1979527537802744284) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-18T12:38Z XXX followers, 3053 engagements


"@CedarStResearch @Nick_Lamparelli How do you see self driving affecting auto insurance Not just in this specific case but as an industry"  
[X Link](https://x.com/JM_Investment0/status/1979528074174648652) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-18T12:40Z XXX followers, XXX engagements


"@Nick_Lamparelli @CedarStResearch Thats kind of what I was thinking too and one of the bear cases I see for the industry long term. I wonder if auto insurers will shift to trying to take some of that product liability"  
[X Link](https://x.com/JM_Investment0/status/1979531534596976999) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-18T12:54Z XXX followers, XX engagements


"@accounting_ds @babyfolio Definitely my algo then Ill have to start posting about it more haha"  
[X Link](https://x.com/JM_Investment0/status/1979534258751287463) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-18T13:05Z XXX followers, XX engagements


"$SE and $MELI are probably going to be the next two stocks I look into. On the surface I really like the look of them and this drawdown could be a great opportunity"  
[X Link](https://x.com/JM_Investment0/status/1979554692192772137) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-18T14:26Z XXX followers, XXX engagements


"@Spike_1567 Yeah vs $OSCR I would agree theres a lot of unknowns and things out of their control with Oscar I think $OSCR maybe has more short term upside especially if ACA subsidies are extended"  
[X Link](https://x.com/JM_Investment0/status/1979590441197822142) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-18T16:48Z XXX followers, XXX engagements


"I think XX% is quite possible maybe even XX% in five or so years. In my base case assumptions I use X% for 2030 to be somewhat conservative. $ROOT prices premiums at a similar level to $PGR but has a much higher (10%) expense ratio - basically higher operating costs. In theory as they scale this should steadily decrease. $PGR are the gold standard really so hopefully once really at scale Root will be 12%-14% like they are but this could take a while. If they go above XX% because they somehow can write premiums so well then the valuation could start getting crazy - i guess thats the ultimate"  
[X Link](https://x.com/JM_Investment0/status/1979596534565015810) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-18T17:12Z XXX followers, XXX engagements


"@Spike_1567 Yeah its near the top of the page here: Theres also all the quarterly presentations and an app demo on there"  
[X Link](https://x.com/JM_Investment0/status/1979605047206879454) [@JM_Investment0](/creator/x/JM_Investment0) 2025-10-18T17:46Z XXX followers, XX engagements