Substack

Invested Capital

Everything we have picked from this writer, newest first.

Berkshire Hathaway compounded 19.7% for 60 years, driven by roughly a dozen exceptional decisions that outweighed hundreds of merely…

Invested Capital Aug 9

Costco’s 14% maximum markup and membership model recycle scale savings into consumer surplus, supporting loyalty, low competitive appeal…

Invested Capital Jul 12

ASML, LVMH, Mercado Libre and CSL are presented as global compounders with durable barriers, strong brands or integrated platforms, and…

Invested Capital Jul 5

Dev Kantesaria favors concentrated, long-term holdings in predictable organic growers, citing FICO’s royalty pricing power and selling…

Invested Capital Jun 21