Insider Stocks · For members
An entry from my investing journal, for members.
Wise's relentless focus on driving down fees is reminiscent of Costco's approach. In every earnings call, Wise's management faces repeated questions about its profitability, and its answer remains consistent: its goal is to maintain an underlying profit before tax (PBT) margin of 13% to 16%. As an investor, two key aspects of Wise stand out: […]
Insider Stocks
The rest of this entry is for members
Before I buy a business, and before I sell one, I write up what I see: what it earns, what it’s worth, what could break it. Members read every entry, back to 2021. At least two new entries a month, more during earnings season.
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