2024 Annual Letter

Best World International (BWI) Reflections

2023 Annual Letter: The partnership returned 35.8% for the year ended December 31st, 2023. This year’s result has been mainly driven by KSPI and META, as well as WOSG toward the end of the year. I wrote last year that I hope to “fill” the holdings of the partnership within two to three years (i.e. be fully invested in the way I want to be). I end the year, however, with a sizable cash position of ~45% and few ideas I find attractive.

Watches of Switzerland: LSE: WOSG

KIP 2022 Annual Letter

The Axe of Quality

Mikhail Lomtadze's Presentation + My 2 Cents

Six Month Sensations

Curro Holdings (COH.JO)

Ten Square Games (TEN.WA)

Humansoft Holding Company (HUMANSOFT.KW)

Tencent, China, and The Circle of Competence

Vontier Corporation (NYSE: VNT)

Hammer and Nail: My Issue With DCF

Turning Point Brands (NYSE:TPB)

Foot Locker (NYSE: FL)

A Meeting With a Hedge Fund Manager

Global Cord Blood Corporation (NYSE:CO)

Alibaba (NYSE: BABA)

YANDEX (MCX:YNDX)

Tutor Perini Corporation (NYSE:TPC)

KASPI.KZ (LSE:KSPI)