Trip Report
Hong Kong & China — internet and consumer names
Notes from Alibaba, Tencent, and Coupang meetings
Investing (5)
Practical Thoughts (6)
Investment Memo
Flutter Entertainment: the probability machine
FanDuel's parent company has a regulatory moat, best-in-class ROIC, and the market is mispricing earnings durability. Here's the full thesis.
Practical Thought
Laying the foundation — meaningful skill takes meaningful time
No shortcuts exist. Hard work done consistently over time is the only reliable path. And your process must evolve as your skill increases.
02
02
Practical Thought
Build the mind that builds the life
Environment, deliberate practice, and complexity
03
Investment Memo
Best Buy: the structural short
Vendor leverage eroding, margins compressing, and a marketplace pivot that accelerates the decline
03
04
04
05
05
Mental Model
Seeing beyond the hammer
Charlie Munger's multi-disciplinary framework changed how I make decisions
Investing (5)
Investment Memo
Flutter Entertainment: the probability machine
FanDuel's parent company has a regulatory moat, best-in-class ROIC, and the market is mispricing earnings durability. Here's the full thesis.
02
Trip Report
Hong Kong & China — internet and consumer names
Notes from Alibaba, Tencent, and Coupang meetings
03
Investment Memo
Best Buy: the structural short
Vendor leverage eroding, margins compressing, and a marketplace pivot that accelerates the decline
04
05
Practical Thoughts (6)
Practical Thought
Laying the foundation — meaningful skill takes meaningful time
No shortcuts exist. Hard work done consistently over time is the only reliable path. And your process must evolve as your skill increases.
02
Practical Thought
Build the mind that builds the life
Environment, deliberate practice, and complexity
03
04
05
Mental Model
Seeing beyond the hammer
Charlie Munger's multi-disciplinary framework changed how I make decisions