Kioxia (Japan's memory king) just flipped Toyota to become Japan's #1 stock by market cap. 50x in 1 year.

But the real alpha? Bain Capital backing them through 3 near-bankruptcies and a historic 2024 loss. Never cut. Never folded.

Then AI infrastructure wave hit. Bain trimmed at 20x+ returns, pocketing $15B pure profit.

This is what conviction looks like when you're early on infra plays. Most would've rage quit at loss #2.