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Compounding knowledge while studying high-quality compounders through the lens of Management, Moats, ROIC, and Reinvestment.

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Substack
PricingFreemiumPublishesTwice weekly
Issues66Founded10 months agoLast Issue14 days ago
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Latest Issues

FICO's Moat: Origination vs. Destination

While the price war with VantageScore 4.0 gets the headlines, we think what ultimately decides the moat is Mortgage Backed Securities market

Authors Note: This post highlights the power of the Substack community, and it would not be in exi...

14 days ago
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On Four Assets, Price, and Compounding in Action

Today’s post is a quick housekeeping note about The Pursuit of Compounding Substack.

Since we launched in October 2025, things have come a long way. From a standing start of zero, we’re now at over a thousand subscribers and nearly two tho...

16 days ago
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The Architect vs. The Actuary | The Consilient Investor 07

Sometime in the mid-1970s a group of academics from Hebrew University of Jerusalem were writing a new high-school textbook on judgment and decision-making. One of the people at that table was Daniel Kahneman, who would later win the Nobel P...

18 days ago
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Wise Q1 FY27: One Basis Point Delivered, Four More Promised

"Ink and paper are sometimes passionate things."

- Henry Wadsworth Longfellow

We have spilled much ink writing about Wise over the last two months. In our comprehensive deep dive published in May, we explored the history, business model...

a month ago
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Howdens Joinery: The Kitchen Company That Wouldn't Sell You a Kitchen

How a decentralized depot network engineered an 18% ROIC, their maturation into a cash returning machine, and why their newest acquisition threatens the ecosystem.

If you walk into a Howdens (LSE: HWDN) depot as a homeowner you’ll quickly...

a month ago
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  • The Pursuit of Compounding

    Timeless principles for the long-term thinker. Deep-dive analyses into exceptional businesses, decoded through management, durable moats, and high-ROIC reinvestment. Seeking to understand the 'why' behind great ideas and great companies.

  • Paul Gantheil

    Equity Analyst sharing lessons on investing to help you think clearly.

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