Archive - Liviam Capital - Finding Reinvestment Moats

My investing checklist

From time to time, I’ve been asked whether I have an investing checklist.

Nov 15, 2021 •

September 2021

Salesforce: An ever-expanding TAM and a new focus on operating margins

The market has always had a love/hate relationship with Salesforce. On one end, you have a business that has been able to grow revenue sustainably for…

Sep 15, 2021 •

August 2021

Amazon: An Intro to CEO Andy Jassy

This July, Jeff Bezos stepped down as CEO of Amazon, a company he founded 24 years ago, and passed the baton to CEO of AWS Andy Jassy.

Aug 23, 2021 •

Coupang: The Amazon of South Korea?

Source Of all the IPOs from 2021, there’s something about Coupang that makes me want to keep an eye on it.

Aug 22, 2021 •

Valuation for beginners

The best way to go about ensuring a good result is to pick good businesses. Be right qualitatively about a business and you’re likely to do better than…

Aug 20, 2021 •

Adyen: Unified commerce x enterprise businesses

In the most recent shareholder letter (First half 2021), Adyen stated:

Aug 20, 2021 •

Sea Limited: An impressive quarter

Right off the bat, Sea turned in a really impressive June 2021 Quarter of growth with Garena growing 166.8% and Shopee growing 174.1%.

Aug 19, 2021 •

A very short (and old) thesis on Twilio from August 2019

This is a really short thesis I wrote about Twilio on August 2019, before the Segment and Zipwhip purchases, which I think further entrenches them.

Aug 18, 2021 •

Becoming a supporter

Everything is free by default

Aug 17, 2021 •

June 2021

An old thesis on Alphabet

I don’t know when I wrote this “thesis” but it was probably 4-5 years ago and long enough ago that Google Cloud Platform didn’t even come into my radar…

Jun 19, 2021 •

May 2021

An old thesis on Apple

I wrote the following “thesis” for myself in September 2017 when Apple stock was trading at ~$40/share.

May 29, 2021 •

March 2021

Portfolio updates and general thoughts (March 11, 2021)

It’s been a while since I’ve written a long-form post about my portfolio and general thoughts, so here goes:

Mar 12, 2021 •

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts