Portfolio Review: Discussing Positions and Performance

(00:00) And for one, you know, these are inherently strong business models. They're asset light. They're easy to scale and with ample room for expansion. And another reason is that the ones we own have come down and you know price and valuation a lot due to concerns about the possible disruption of their business model. (00:19) And that's why I see the next big

narrative in our portfolio. Alphabet, Adobe, and Uber. All those are companies that trade at low or reasonable prices because of mega trends like AI or AVs. And they are supposed to hurt their business model. And for all three companies, we argue as you've heard in this episode that in fact they are beneficiaries of these mega trends or in Alphabet's case at least not in as much danger as

the market currently believes. (00:47) [Music] Hey guys, today we are doing a special type of episode. Rather than break down a new company and have one of us pitch it to the other like we usually do, this week we'll take some time to discuss our current portfolio and reflect on what has changed, if anything,

since we first looked at those companies. (01:11) So we we'll give a short pitch on each company we own, explain why we added the position, and discuss whether we are still convinced by the opportunity. I think this will be particularly interesting for the positions that I added to the portfolio before Daniel joined the show as a co-host and had the

chance to give me push back on those ideas. (01:32) So now Daniel is going to give me some feedback and tell me where I went wrong in my original thinking. And uh jokes aside, since the show has been running for about half a year, we have covered 25 companies pretty indepth and and that's a pretty cool thing. And it just makes sense to to revisit