Incremental Insights #3

The US-China Chip War is Escalating

China is on a spending spree to get as much semiconductor-making gear as possible before U.S. sanctions get stricter.

Meta Platforms: From Dorm Room to Global Dominance

The early bear argument against Facebook now Meta was always “look what happened to Friendster and MySpace. Some new social network will come along and dethrone Facebook.” I liked the opening to this episode that breaks down the history of Friendster and then MySpace and how they weren’t true social networks and the major operating flaws that led to their demise. Whereas, Meta was a true social network.

The Declining Churn Rate Fallacy

A declining churn rate is not indicative of a healthy subscription business.

Washed From Aramark and Ready to Deliver

Vestis is a recent spin-off from Aramark, and Low Tide Investments outlines the case for why it could be a great spin-off investment. Given Cintas’ long-term returns, if Vestis can achieve a fraction of what Cintas has, then it could be a great long-term investment.

Incremental Insights #22

Cash! Is Warren Buffett bracing for a market downturn? Berkshire Hathaway's cash reserves have swelled to over $300 billion, sparking widespread speculation. However, this massive cash pile might not be purely bearish positioning. Instead, it's likely a consequence of Buffett's extraordinarily successful Apple investment.

Why Chris Hohn & TCI Own GE Aerospace

Chris Hohn runs the multi-billion dollar hedge fund The Children's Investment Fund (TCI). As of 2022, the fund generated annualized returns of over 18%. In 2023, TCI's return soared to 32.7%. TCI achieves these impressive returns by focusing on a select few great businesses with

Incremental Insights #21

The Ten Best Companies in the World From Visa's global dominance to Hermès' luxury legacy, the 10 powerhouse companies reshaping the business landscape and what makes them the 10 best global companies. Pricing Power Everywhere Companies with pricing power have significantly outperformed the broad market over long

From MTV to Mammograms: Unexpected Lessons in Risk Management

In 2020, former MTV VJ Ananda Lewis announced that she had stage 3 breast cancer. She discovered the tumor during a self-examination not through a regularly scheduled mammogram. She revealed after her diagnosis that she had actively avoided mammograms, despite having a family history of breast cancer. Her reason? She