New Horizons Investment
Chris Von HoeneAn educational investing publication that teaches new investors how hedge funds analyze businesses, markets, and risk.
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 78 | Founded | 9 months ago | Last Issue | 5 days ago |
| Active | |||||
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chrisvonhoene.substack.comLatest Issues
The Moat Nobody Sees
The Biggest Moats Don't Look Like Moats
Up front, I gave you the candy first — the three case studies: ABNB, IBKR, and MELI. Now comes the hard part where the next five themes from Burry and Sleep. Understand these, and the ending will t...
GitLab (GTLB): The Developer Platform That Could Become Much Bigger Than the Market Expects
Investment Thesis
Like I said — a thesis at the top of the month. No, I didn't plan this one for earnings day. It just happened. So let's go.
GitLab is one of the more interesting asymmetric compounder candidates in the portfolio. The...
Case Study #3: Mercado Libre — The Ecosystem That Wants to Own the Customer
Introduction
Nick Sleep bought Amazon when everyone thought Bezos was burning cash for no reason. He called it “scale economics shared.” Mercado Libre is running the same playbook, in the one region every other giant has written off. I’...
Case Study #2: Interactive Brokers — The Costco of Wall Street
Introduction
Your eyes got a break with Airbnb. This one's not 4,000 words — but it's a bit longer. Let's go.
When Nick Sleep and Qais Zakaria managed the Nomad Investment Partnership, they weren’t searching for the cheapest stocks or...
NHI - Interim Report — First Half 2026
The portfolio rose approximately 62% in the first half of 2026. Since inception in March 2021 — when I started actively investing again — it has gained roughly 375%, meaning a dollar invested at the start is now worth about $4.70. The S&P 5...
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Audience Metrics
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| Subscribers | Engagement | 74 | Monthly Web Visits | ||
|---|---|---|---|---|---|
| Accepts Sponsors | Estimated Cost per Ad | ||||
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