MBI Deep Dives (Page 15)

Latest Posts

Deep Dive on ANGI

Disclosure: I am long shares of ANGI I have taken a slightly different approach in this month’s deep dive. Given the length of my deep dives, I have outlined six different sections to help readers navigate and know beforehand what to expect. Here are the sections below, and a

The Economics of the Cult of Lululemon

Lululemon Athletica (Ticker: LULU) is a fantastic company. In 2005, Lulu generated $40.7 mn sales. 15 years later, its sales were ~100x of that, implying an astounding ~35% CAGR over this period which was almost entirely organic in nature. For context, Amazon grew at ~28% CAGR during the same

My Approach to Valuation

On July 07, 2020, Charlie Songhurst, former Head of Strategy at Microsoft, appeared at Patrick O’Shaughnessy’s podcast “Invest Like the Best”. Mr. Songhurst invested in 483 companies, and it is one of the best episodes I have listened to in this year. At one point he mentioned the

My Research Process

Before I explain my process, let me elaborate how I pick companies for the deep dives. My general starting point is the companies I am curious about. The goal is to build some sort of mapping of different businesses in my head so that it gets easier to connect the

Etsy: A Handmade Giant in the Passion Economy

Deep Dive on Uber

Is valuing SaaS stocks a special form of the Petersburg Paradox?

Please subscribe to receive future posts in your inbox. In the September 1957 issue of The Journal of Finance, David Durant published an essay titled “Growth stocks and the Petersburg paradox”. In his essay, he wondered, “when the growth potential of a stock becomes widely recognized, its price is expected

The Power, Peril, and Plight of The Big Tech

Please subscribe to receive future posts Democrats and Republicans may not agree much on most things, but they both have expressed their desire to curb the power of the big tech through brute force of regulation. Senator Warren published her concerns and expressed the desire to break up Google, Facebook,