Investing (Stocks)

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…

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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…

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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…

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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…

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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…

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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…

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