Abdullah Al Rezwan

Abdullah Al Rezwan

2021 Annual Letter

I have been thinking about writing my annual letter to subscribers for quite some time. My initial plan was to write the letter during my trip in Nepal. With beautiful mountains in the background, I thought I would be able to summon a larger-than-life inspiration in myself. As a testament

Spotify: Play the Audio

Disclosure: I am long shares of Spotify Music is a world within itself With a language we all understand With an equal opportunity For all to sing, dance and clap their hands -Song “Sir Duke” by Stevie Wonder I just wanted to start Spotify deep dive with a song that

RH: Climbing the elusive luxury mountain

“History has proven that men and women work for a dollar but die for what they believe in. We say inside our organization that this is not our company; it’s our cause. Some people say don’t take it personal. Those people are not our people. This is very

Trupanion: Ensuring humanization of pets via insurance

Disclosure: I am long shares of TRUP “When I was a teenager, my 2-year old dog Mitsy had a twisted stomach and needed surgery to save her life. The surgery would have cost approximately $3,000 but my parents simply could not afford the cost of this relatively-routine procedure. As

Why I sold Etsy

Subscribe to receive future posts in your inbox I first bought Etsy in September 2020 at $111/share and continued to add to my position later to make it my largest holding (~15% of portfolio) at an average cost of $128/share. Following my first purchase, I published a deep

Square: The quest for an inclusive financial ecosystem

Disclosure: I am long shares of SQ In 2012, Jack Dorsey, co-founder of Square, gave a talk to the employees at Square. He discussed the elegance of the Golden Gate Bridge and how design is at the heart of what he builds: “Design is not just visual, design is efficiency.

Boeing: Shadow of an American jewel from yesteryears

“Several years went by before the public grasped what the Wrights were doing; people were so convinced that flying was impossible that most of those who saw them flying about Dayton [Ohio] in 1905 decided that what they had seen must be some trick without significance – somewhat as most people

Roku: A former trojan horse now in open fistfight

On an excellent Acquired Podcast, Ho Nam mentioned,“…I call the great serial entrepreneurs just amazing people who just have not yet found their true life's calling. You could be a serial entrepreneur, have a bunch of fantastic hits but then you will find something and say, oh

The cult of Lululemon is alive and kicking

(Update: Please see May'22 deep dive for latest thoughts) In November 2020, I published my deep dive on Lululemon. On this update, I will mostly skip why I like the business since I have adequately covered it in my earlier deep dive which I encourage you to read

CrowdStrike: Standing tall in crowded cybersecurity

In a NY Times oped in 2018, Zeynep Tufekci wrote, “The early Internet was intended to connect people who already trusted one another, like academic researchers or military networks. It never had the robust security that today’s global network needs. As the Internet went from a few thousand users