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Exor NV: A Winner, A Loser, and a Hidden Gem
August 09, 2026 | Exor is a family-controlled holding company with major exposure to Ferrari and a growing investment platform in Lingotto. We revisit whether its portfolio, capital allocation, and valuation discount still make it a compelling long-term holding for The Intrinsic Value Portfolio.
dLocal: Multibagger Potential with Decade-Long Runway
August 02, 2026 | dLocal is a B2B payments platform helping companies like Netflix, Spotify, Uber, and Google accept payments across more than 40 emerging markets through a single solution. The investment case hinges on whether its role in connecting global tech leaders to fast-growing, fragmented markets can translate into durable long-term value.
Perimeter Solutions: Can The Compounding Playbook Strike Twice?
July 26, 2026 | Perimeter Solutions is a fire safety business best known for producing the retardants used to fight wildfires, with a growing specialty products segment built through acquisitions. The question is whether PRM’s mission-critical niche, acquisition runway, and capital allocation can make it a future multibagger or whether the market is already pricing in too much optimism.
Pinduoduo: Is PDD a buy at Historical Low Valuations?
July 19, 2026 | Pinduoduo broke into China’s e-commerce market long after Alibaba and JD had already scaled, proving there was still room for a different model. Here, we assess whether its focus on underserved lower-tier cities, massive addressable market, and low valuation can offset the uncertainty around its next investment cycle.
Kaspi: The Cheapest Monopoly in the World
July 12, 2026 | Kaspi.kz is Kazakhstan’s dominant super-app, combining e-commerce, payments, and consumer lending in a deeply integrated ecosystem. We assess whether its monopoly-like position and unusually low valuation could make it one of the most compelling tech businesses in the market.
Auto1: The Amazon of Used Cars?
July 05, 2026 | Auto1 is Europe’s leading online used-car platform, connecting sellers, dealers, and buyers through a marketplace supported by extensive physical infrastructure. We explore whether its scale, consolidation opportunity, and recent profitability inflection can drive long-term value for shareholders.
American Tower: Building Essential Wireless Infrastructure
June 28, 2026 | American Tower owns critical cellular infrastructure that wireless networks rely on, giving the business a wide moat, recurring revenue, and strong operating leverage. We examine whether its exceptional economics and long-term durability can justify the premium valuation.
Copa Holdings: The Airline Buffett Should Buy
June 21, 2026 | Copa Holdings is a best-in-class airline that has remained highly profitable despite operating in one of investing’s toughest industries. Here, we break down how its differentiated business model, long-term resilience, and reasonable valuation may make Copa a rare exception among airlines.
QXO: A Building Parts Consolidator’s Dream Business
June 14, 2026 | QXO is a young serial acquirer focused on supplying professional builders with the tools and materials needed to build and renovate homes. We examine whether Brad Jacobs’ track record, significant skin in the game, and ambitious growth target can make QXO one of the more compelling building-industry investments today.
