IT Services companies, particularly those specializing in digital transformation and those without BPO or managed services operations, are poised to benefit from the cyclical recovery and secular tailwinds from AI
Judges Scientific is cheap and compelling
Croda's Life Sciences business is a picks and shovels way to benefit from multi-decade growth runway of biologic drugs
Croda is an interesting business to understand because their business model helps explain some of the long-term disruptions happening in the beauty industry.
The traditional "big beauty" model is facing several structural headwinds and while I expect big beauty brands like L'Oréal and Estée Lauder to amply navigate these headwinds, their best days are behind them.
An overview of China's rise, the GFC, China's dominance and the Chinese corruption crackdown.
Update on Q2 F2025 results
Update on H1 2025 results.
A deep dive on luxury's emergence from serving Europe's ultra wealthy to Japan's boom and bust. This article sets the stage to better understand China as luxury's key market and growth driver.
In this post, I describe the luxury flywheel and the 5Ps of luxury.
HEICO is a serial acquirer of nice aerospace and electronic components businesses run by exceptional owner/operators.
In this journal, I post deep dives on companies I believe can either become Gorillas or are already Gorillas.