“Google, Reddit, Amazon, TSMC – Are our Biggest Winners Still a Buy Now?”
Speaker holds a significant personal stake in Remitly based on strong recent financial performance (margin expansion, marketing ROI) but excludes it from the core portfolio because he does not see it as having a durable long-term moat.
Anyway, I want to talk about not Visa and Mascat. I want to talk about remittly and I think I went into the stock at about 12 to $13 which it reached after my pitch and I bought a quite sizable position for my personal portfolio and since it's gone up about 80 to 90% and the pattern is pretty similar to it which is why I want to discuss it today as one of our winning stocks even though it's not part of the intrinsic value portfolio