Brookfield: Ackman’s Big Bet and an Updated Valuation
Brookfield made headlines recently when Bill Ackman, renowned investor and founder of Pershing Square Capital Management, revealed Brookfield Corporation (BN) as his fund’s largest holding. As of his latest 13F…
Sea Limited: Profitable Growth Arc
This marks the second consecutive quarter in which I’m happy with all three segments of Sea Limited’s business—digital entertainment, e-commerce, and digital financial services. From my earlier article in March…
Paycom: Turning the Corner?
Before diving into Paycom’s latest earnings, let’s recap the challenges that led the stock to trade at a forward PE multiple of just 17x when we first covered it in…
The #1 Law of Growing Wealth
It has been 18 years since Google bought YouTube for US$1.65 billion. Now, YouTube generated US$50 billion in revenue over the past four quarters alone. The YouTube founders were initially…
Stocks that I’m selling, trimming, or holding. And why.
I’m pretty happy with the companies in my portfolio right now; most are hitting their stride, and the strong business performance is reflected in rising stock prices. Over the long…
Why I’m Taking Profits in the Stock Market Now
It’s been nearly a decade since I last made the deliberate decision to increase my cash position. Now, I want to be clear—this isn’t a market crash prediction. But the…
Trip.com Group Deep-Dive
I’m a fan of platform businesses primarily because it often leads to a monopolistic or oligopolistic market position. The largest player, with the most merchants and traffic, offers the most…
Tom Gayner on AI Disrupting Google Search
Tom Gayner was in Singapore last week for the Markel Group Lunch, and when asked why he continues to hold Alphabet despite the looming threat of disruption in Search, here’s…
Wise: Scaling Towards Zero Fees
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…
The Truth Behind the Highlight Reels
I recently watched a podcast interview with a top divorce lawyer in New York City. Among the many reasons he cited for why relationships fail, one point struck me: people…
My China’s Travelogue: China’s Super Apps, Western Brands, EV Boom and Challenges
China has long fascinated me for its rich history and cutting-edge technological ecosystem. On a recent trip to Beijing and Xi’an, I immersed myself in both worlds, conversing with locals…
Is Celsius Losing Its Fizz?
Humans are naturally linear thinkers—we expect recent trends to continue indefinitely. So, when the energy drink company Celsius posted 100% annual growth for four consecutive years, investors began dreaming of…