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Visa: Still The Card to Hold?
May 18, 2025 | Today, we’re pulling back the curtain: What does Visa do? Why is it so profitable? Why do competitors struggle to take share? How does Visa keep growing in a rapidly evolving landscape? And most importantly, is it a buy for the Intrinsic Value Portfolio?
Adobe: Designing a Creative Empire?
May 11, 2025 | It’s a company so embedded into the creative world that you might not even realize how often you interact with it. And yet, for a business with over 40 years of history, Adobe is still growing — still evolving — and now facing perhaps the most consequential shift in its history with the rise of AI tools and mass-market competitors like Canva.
Mercedes-Benz: Can Benz Reinvent the Car Again?
May 4, 2025 | In this issue, I break down what’s really going on at Mercedes. And beyond the company itself, we ask the bigger question: is the car industry — with all its capital intensity and volatility — just too tough for long-term investors?
