Investing (Stocks)

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…

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…

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…

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…

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 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’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…

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…

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…

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…

I remember cheering for Brazil during the 2002 FIFA World Cup, co-hosted by Japan and South Korea. Every time Ronaldo scored, I’d leap up, shouting “GOALLLL!” with pure excitement. I…

I’ve never been good at timing the market bottom. In fact, it’s common for a stock of a wonderful business to keep falling after I’ve bought in. But I don’t…