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Horizon

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Issues16Founded8 months agoLast Issue2 months ago
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Latest Issues

Tiendas 3B: FY2025 Results — The Hard Discounter That Won't Slow Down

The hard discount model is, in my view, the most structurally superior model in retail. The thesis is simple but powerful: strip out complexity, limit SKUs, rely on private labels, and let the negative working capital flywheel do the heavy...

2 months ago
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3 High-Quality Stocks the Market Is Mispricing — And Won't Be Forever

Let’s be honest , the world right now looks like a disaster movie without a clear ending.

SaaSmageddon is reshaping the software landscape. The United States is rattling sabers with Iran. Inflation refuses to fully die. Tensions with China...

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You Don't Get Marks for Originality: The best stocks to buy according to Bill Ackman

The Ascent, The Fall, and The Resurrection

The modern financial landscape is populated by thousands of institutional asset managers, yet very few capture the collective imagination of both retail investors and Wall Street quite like Wil...

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19.5% CAGR, 27% Discount, and 26% Shares Cancelled: The Asymmetric Case for Georgia Capital

  • The Valuation Anomaly: Despite compounding NAV per share at a 19.5% CAGR , the market prices GCAP’s private portfolio at a big discount to its audited intrinsic value.

    • The “Cannibal” Buyback Machine: Management is exploiting this mis...
3 months ago
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10

The Invisible Threat: How the Mar-a-Lago Accords Turned Stablecoins Into a Financial Time Bomb

The desire to reform the global trading system and put American industry on fairer ground vis-à-vis the rest of the world has been a consistent theme for President Trump for decades. We may be on the cusp of generational change in the int...

3 months ago
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3

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