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Damon Ficklin and Jeff Mueller include Align Technology in their discussions, indicating a positive outlook on its growth and innovation in the dental industry.

Starbucks is mentioned by Damon Ficklin and Jeff Mueller as a part of their portfolio, suggesting confidence in its brand strength and market position.

Adobe is discussed as a key investment by Damon Ficklin and Jeff Mueller, indicating their belief in its strong business model and growth prospects.

Damon Ficklin and Jeff Mueller mention Alibaba as part of their investment strategy, reflecting confidence in its growth potential despite market challenges.

Damon Ficklin and Jeff Mueller discuss their investment in Tencent, highlighting its strong position in the changing consumer landscape in China.

SharpSpring is acquiring customers at a fraction of their lifetime value, indicating a strong ROI on marketing. The company’s strategy to focus on customer acquisition, despite poor traditional value

Yelp has an ongoing opportunity to increase both the number of advertisers and the lifetime value of those advertisers by offering more flexible advertising contracts. This shift in strategy is expect

Scheid Vineyards is a growing sum-of-the-parts story where the land value is worth twice the share price. The company is transitioning from selling grapes to selling its own branded products, which co

Fiat Chrysler is focusing on higher margin vehicles by reducing low margin fleet business and aligning with customer preferences. The core business is valued attractively at less than 3x earnings excl

TripAdvisor only monetizes around 1% of their traffic, but they are working hard to increase bookings directly on their site. If they can improve the monetization of their existing traffic, the invest

Etsy has a very attractive, niche business that can grow many multiples of where it is today. The company's decision to raise its commission fee from 3% to 5% is expected to significantly increase rev

Despite recent concerns over key man risk due to the potential conviction of Mr. Liu, we believe that the $10 billion loss in market cap has already factored in this risk. Furthermore, even if JD lose

JD.com is currently undervalued, trading at only 5x owner’s earnings while its core retail and advertising business deserves to trade at higher multiples. The company has a strong logistics network an

Heineken has been a long-term holding for the investor, benefiting from durable competitive advantages that allow for predictable growth in intrinsic value.

Nestlé is considered a semi-permanent holding due to its durable competitive advantages and ability to compound intrinsic values at an attractive rate, providing exposure to faster growing parts of th

Unilever has durable competitive advantages that allow it to compound its underlying intrinsic values at an attractive and predictable rate, making it a semi-permanent holding for the investor.

WPP trades at just over 9x earnings with a 5% dividend yield and an almost infinite return on capital (excluding goodwill). Despite current headwinds in the advertising industry, the financial charact

Cardinal Health, like its peers, faces potential threats from Amazon's entry into the pharmaceutical distribution market. However, its existing business model and customer relationships may help it na

Similar to AmerisourceBergen, McKesson is a major player in pharmaceutical distribution that may be impacted by Amazon's disruption in the industry. Despite this, McKesson's established market presenc

AmerisourceBergen is a pharmaceutical distributor that could face challenges due to Amazon's entry into the healthcare space, particularly in drug distribution. However, the company has a strong posit

AutoZone's stock price fell significantly due to concerns about competition from Amazon, but the company's fundamentals remain strong. With the stock trading in the low $500s, it was undervalued at 9.

AutoZone has demonstrated stable and defensive business characteristics, with intrinsic value growing by 16% per annum over the past 11 years. The company has high returns on assets and invested capit

Baidu is trading at an attractive valuation with a strong runway for future growth, particularly in the advertising sector, which is growing at a double-digit rate in China. The company has high retur

We also recently bought shares in Sina, which owns a controlling interest in Weibo, one of China's most popular social media platforms, as part of our investment strategy in undervalued Chinese techno