Archive - Value Investing Substack

TSLA vs. NFLX: Could TSLA Be The Next NFLX?

Losing your moats doesn’t have to imply extinction — on the contrary, it could simply mean becoming the next Nestlé.

54 mins ago •

Where Does Value Investing Get Its Edge?

2 Main Things that Differentiate Value Investors

Apr 13 •

12:30

Deep-dive: Fitch's Downgrade of China's Rating Outlook

Listen now (25 mins) | Alternative Title: "LGFV Debt Too High with Possible Contagion Risks, But It's Manageable For Now So We'll Wait-And See"

Apr 10 •

25:15

SEA Ltd: Amazon of New China (Part 3)

Future Walmart of Southeast Asia: 700M Population by 2025 (50% of India)

Apr 7 •

March 2024

SEA Ltd: Starting To Look Like Amazon (Part 2)

In terms of capital structure

Mar 31 •

SEA Ltd: Pinduoduo ex-China (Part 1)

Pinduoduo's (NASDAQ:PDD) growth without the China risk

Mar 24 •

Unpopular Opinion: Diversified Portfolio > Concentrated Portfolio

"Valuations of Wonderful Businesses aren't what they used to be." #QE

Mar 17 •

Value Investors = Business Owners. Here's The Irrefutable Accounting Proof.

“How can you value investors call yourself REAL business owners when you're just trading stocks?” — An actual conversation.

Mar 10 •

Floor & Decor vs. Macro (Part 3) | 2018 called, it wants its 34x PE back

Home Depot beat earnings expectations last quarter. Could FND do the same?

Mar 2 •

February 2024

Berkshire Hathaway's 2023 Results — Overview

A 30,000 foot view of 2023 results

Published on The Rational Walk • Feb 27

Floor & Decor: The NERDIEST Deep-Dive Equity Research Report (Part 2)

A numerical breakdown of FND's sources of historical growth (34% earnings CAGR) - which can be confidently extrapolated to forecast FND's future growth.

Feb 26 •

Floor & Decor: Munger's Costco 2.0 (Part 1)

A Brick-and-Mortar Supermarket with SaaS-like ARR and NVDIA-lite Growth? Unbelievable.

Feb 18 •

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