Independent equity research and market commentary plus a portfolio page with every position disclosed.
Long-form essays on individual companies and the markets they trade in.
Visa does not lend money. It does not take credit risk, it does not hold deposits, and it does not fund balances. That confuses a lot of people who lump it in with the banks.
Every essay since 2025, newest first.
10 positions, every buy and sell logged at its per-share price. Performance only, no dollar amounts.
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