China Trip Part 2 - What is going on with the Chinese consumer?
A deeper look at China's macro picture and my analysis of what is structural versus cyclical in the Chinese consumer slowdown.
Three weeks in Shanghai, Beijing and Hong Kong: The view from an investor and regular human (Part 1)
Notes from a three-week investor tour of Shanghai, Beijing and Hong Kong: management meetings, expert calls, and what daily life reveals about the Chinese consumer.
Best Buy: the structural short
Investment memo: why Best Buy is a structural short. Vendor leverage eroding, margins compressing, and a marketplace pivot that accelerates the decline.
How to do a case study: Amazon, the worked example
Case studies of a sector's biggest winners are one of the quickest ways to get up to speed on the sector. The method, with Amazon as the worked example.
My workstack to build an investment thesis
What I do with an idea: the exact workstack I use to research a company and build an investment thesis, with suggested hours for the full, progress-or-kill, and up-to-speed versions.