Links
Links January 2025
9 investment write-ups, 11 articles and 15 podcast episodes
Latest
Weekly Highlights
Deep-dives
JD.com (JD US)
Trusted online retailer trading at a 9x P/E with a coming margin inflection
Weekly Highlights
Japan
BASE Inc (4477 JP)
“Shopify of Japan” at 0.8x EV/Sales
Weekly Highlights
Thematic reports
Something is rotten in the state of Korea
But the drama is more or less over. Estimated reading time: 17 minutes
Portfolio
Portfolio review December 2024
One new position. Estimated reading time: 22 minutes
Weekly Highlights
Thematic reports
2024 review
Estimated reading time: 13 minutes
Deep-dives
Fairfax India (FIH/U CN) － 2024 update
Gearing up for a 2025 BIAL IPO. Estimated reading time: 23 minutes
