TIP Academy
Get smarter about valuing businesses in just a few minutes each week.
Get the weekly email that makes understanding intrinsic value
easy and enjoyable, for free.
Booking Holdings: The Traveling Compounder
November 23, 2025 | In the last year of doing this newsletter, Daniel and I have developed a fondness for owning the “best of the best.” Today’s pick, Booking Holdings, is another such quality compounder that, unsurprisingly, doesn’t necessarily trade at a bargain price tag. Yet, is it still attractive enough to earn a spot in our Intrinsic Value Portfolio of stocks?
TransDigm: A Conglomerate of Monopolies
November 16, 2025 | The aerospace industry is a notoriously difficult place to build a great business. Cyclical demand, high capital intensity, and constant regulatory scrutiny make it a graveyard for compounding returns. But not for everyone. Hidden inside this complex ecosystem is one of the most remarkable compounders in market history — TransDigm.
Robinhood: The Amazon Prime of Gen Z’s Finances?
November 9, 2025 | Robinhood has earned a bad name in some people’s view, and it has deserved much of the criticism it’s gotten, but I actually think its name is very fitting: the company has arguably done as much as any fintech to “take from the rich, and give to the poor,” living up to the ideals of Robin Hood (the fictional character), namely by bringing commissions on stock trading down to zero for millions of retail investors.
