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Kowloon Crescent

Long-term investor focused on durable moats, disciplined value, and compounding over time. Not investment advice

Platform
Substack
PricingOnly free issuesPublishesWeekly
Issues6Founded3 months agoLast Issue46 hours ago
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Latest Issues

The Best AI Trade Has No GPUs in It

There’s a moment in every market cycle where I feel like a dinosaur. AI is eating the world, everyone’s trading quantum stocks, and I’m over here reading the 10-K of a company whose main product is — no joke — crushed rock.

That company is...

46 hours ago
1

Monthly Portfolio Update #1: Fully Invested, Finally — $120K Portfolio vs S&P 500.

Monthly Portfolio Update — Month 1: Fully Invested, Finally

28 August 2026

Welcome to the first monthly update on this portfolio. Quick ground rules before the numbers: this portfolio started on 24 June 2026 with USD 120,000 of seed cap...

11 days ago
18
7

Why I Just Bought Netflix (While Everyone Else Was Selling)

Netflix stock is down about 38% from its 52-week high of $126. It’s trading around $80 as I write this, mostly because of a selloff after July’s earnings report. I get why people dumped it. I just think they’re wrong.

Here’s the thing that...

15 days ago
11
6

The Most Mispriced AI Trade in the Market Isn't a Chip Stock

On July 29th, Meta reported revenue up 28% year-over-year. Advertising — 98% of the business — grew 27%. Instagram crossed two billion daily users. Its AI systems measurably made advertisers more money than they did a year ago.

The stock f...

a month ago
12
7

Building a USD120K portfolio, from scratch

Hi Friends,

I’m building a USD 120K portfolio publicly, from June 2026, putting my money where my mouth is.

My investment philosophy centers on high-conviction, concentrated bets, capped at 12 stocks maximum, on businesses with strong eco...

2 months ago
5

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  • Kowloon Crescent

    Ex-FX trader. Managing a real $120K portfolio in public from June 2026. Moat business, long horizon. Documenting the path to running outside capital. Not investment advice

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