Investments
Every position I hold, why I hold it, and what I think it's worth. Real numbers, real thesis, no sales pitch. This is how I actually think about capital allocation.
Methodology
I build positions over time with a long horizon — typically 3–7 years. My framework is simple: find businesses compounding at high rates of return on capital, buy them at reasonable valuations, don't sell unless the thesis breaks.
The valuation model uses a blended approach: 5-year DCF, EV/EBITDA comps, and forward P/E. Fair value is the average of the three. These are my estimates, not analyst consensus. The inputs are in the admin if you want to challenge them.
Return figures are based on my average cost basis vs. current market price. Allocation % is based on current market value, not cost.
This is not financial advice. Past performance doesn't guarantee future results. Do your own research.