Educational articles written by full-time investors — business breakdowns, interviews, and presentations.
Educational articles written by full-time investors — business breakdowns, interviews, and presentations.
ARR now covers all fixed expenses, so growth creates significant contribution margin as the platform scales.
Quality is extremely difficult to find in small public companies
Microcaps are often described as “illiquid” – we look at what that actually means, how liquidity has varied over time and how it has impacted returns.
Shutting down an unprofitable business in 2025, will allow the great business to shine through in 2026 and beyond.
You must accept that your best ideas will feel uncomfortable
Most investors definition of a quality business or quality management has nothing to do with quality - it’s simply the stock you own that is up the most in the last 12-months.