I don’t know when I wrote this “thesis” but it was probably 4-5 years ago and long enough ago that Google Cloud Platform didn’t even come into my radar, and I didn’t focus on YouTube, Waymo, or things like capital returns. Given the way optionality has unfolded, it’s possible th…
I wrote the following “thesis” for myself in September 2017 when Apple stock was trading at ~$40/share. Sharing it now for the first time. It’s nice to…
It’s been a while since I’ve written a long-form post about my portfolio and general thoughts, so here goes: How I’ve Changed As many of you know, ther…
I wanted to give Alphabet investors or those interested in learning more about Google’s search and ad business a deeper understanding of how Google Ads…
I spend a lot of time thinking about portfolio construction. Specifically, I focus on three things: How many companies should I own? Which companies ar…
Close your eyes and imagine a business that counts more than a quarter of the world’s population as a customer, with most of them spending 1/12th of th…
Because Alphabet and Facebook are such a large part of my portfolio at around ~55%, I’ve been asked to share my thoughts on each in long-form format an…
Welcome to In Search of Reinvestment Moats by me, LiviamCapital. Investing and stocks. Very concentrated long-term buy and hold. Looking for reinvestme…
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