MercadoLibre: Can Shopee Break It? (Part 3)
MercadoLibre Part 2: The Flywheel
MercadoLibre Part 1: How They Survived When 80+ Competitors Failed
Booking’s $9 Billion Float: The Hidden Cash Engine
Booking Holdings: The Travel Stock That Thrived When Travel Collapsed
The Trade Desk: From Unstoppable to Uncertain
A 60% stock plunge in just 10 weeks. The first missed guidance in 33 consecutive quarters. A UI redesign that customers actively dislike. What happened to The Trade Desk’s seemingly…
The Trade Desk: Navigating Advertising’s New Complexity
Our lives today are increasingly better, but also getting increasingly complex. In the 1990s, advertising was simple. Television with a handful of major networks, radio, print, and billboards dominated 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…
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…
Domino’s Deep-Dive
There’s little in the world as addictive as simple carbohydrates, and rarer still is a company as capital efficient as Domino’s Pizza. In fact, Domino’s might be the most capital…
Paycom Deep-Dive
Paycom is a leading provider of cloud-based human capital management (HCM) software. Its comprehensive solution enables businesses to manage the entire employee lifecycle, from hiring to retirement. Designed for user-friendliness…
Lululemon Deep-Dive
Due to Singapore’s tropical heat, my wardrobe is mostly shorts; the idea of wearing pants, especially at formal events, makes me shudder. I’ve always avoided buying pants until I’m forced…