My thesis on the Circle Internet Group (NYSE: CRCL ) is a pass on execution risks and major bottlenecks, like the higher distribution costs due to a lopsided Coinbase deal. If not for these execution risks, I may have considered ignoring macro pressures likeI am a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management. My focus is on equity valuation, market trends, and portfolio optimization to uncover high-growth investment opportunities. As a form ...