To The Moon

Here’s a list of high quality financial market infrastructure companies. What would you add?— $MasterCard(MA)$ $Visa(V)$ $American Express(AXP)$ $Adyen N.V.(ADYEY)$ $Block, Inc.(XYZ)$ $Global Payments(GPN)$ $FISERV INC(FISV)$ $PayPal(PYPL)$ $Fair Isaac(FICO)$ $EXPERIAN PLC(EXPN.UK)$ $TransUnion(TRU)$

Here are three ETFs I would appreciate seeing in the market:1. An expensive company ETF - there are already "value" ETFs that hold companies with low multiples. But a low multiple is often because the market is pricing in less growth. A high multiple ETF should therefore hold companies that the market is pricing in strong growth.2. A business non-discretionary ETF - there are already consumer discretionary funds, but you're far more likely to find higher quality recurring revenue in companies selling essential products and services to other companies.3. A semiconductor equipment ETF - this would invest in companies like AMAT, ASML, Cadence, KLA, Lam, Synopsys and Tokyo Electron. Exposure to the infrastructure as a whole, rather than any one end-market, should hedge a lot of risk.What do yo

Here's a list of US companies that have maintained their return on capital above 10% for the last 10 years, and have also compounded their invested capital.I have 4 of them： $MasterCard(MA)$ $Fortinet(FTNT)$ $KLA-Tencor(KLAC)$ $NVIDIA(NVDA)$ Others includings $National Beverage(FIZZ)$ $Artisan Partners Asset Management(APAM)$ $Accenture PLC(ACN)$ $IDEXX Laboratories(IDXX)$ $Rollins(ROL)$

Here are four companies that are becoming increasingly capital efficient - take a look at their cash return on capital. Which do you own? $Lam Research(LRCX)$ $MSCI Inc(MSCI)$ $Fair Isaac(FICO)$ $Visa(V)$ PS： I don't personally believe we can look at FCF yield in isolation. If a company has a 4% yield, but a 1% growth rate, then I would find that very expensive. If a company has a 2% yield, but a very predictable 25% growth rate, then I would find that very cheap.For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as

NOVEMBER 2025 FactsheetOUT: $Arista Networks(ANET)$ and $Constellation Software, Inc.(CNSWY)$ IN: $Lam Research(LRCX)$ The portfolio is optimised for return on capital, growth rate and pricing power. Cash Return on Capital = 40% 5yr FCF/share CAGR = 27%Only 3 of the 13 positions have been held for <12 months.We exited our positions in Arista Networks and Constellation Software, and began a new position in Lam Research, The top contributors to performancewere $Fair Isaac(FICO)$ and $Applied Materials(AMAT)$ . The top detractors from performancewere

Here are the some of the companies that Dev Kantesaria no longer holds in his Valley Forge portfolio: $Monster Beverage(MNST)$ $Nike(NKE)$ $Meta Platforms, Inc.(META)$ $Amazon.com(AMZN)$ $Autodesk(ADSK)$ $Aspen Technology(AZPN)$ $Adobe(ADBE)$ And here's what he owns today: $Fair Isaac(FICO)$ $S&P Global(SPGI)$ $MasterCard(MA)$ $M

The TOLL Durable Quality ETF invests in companies with long term advantages. Here are their top 10 holdings. $GE Aerospace(GE)$ $Visa(V)$ $Intuit(INTU)$ $Performance Food(PFGC)$ $Cboe Global Markets, Inc(CBOE)$ $Thermo Fisher Scientific(TMO)$ $Lam Research(LRCX)$ $Moody's(MCO)$ $MSCI Inc(MSCI)$ $KLA-Tencor(KLAC)$ For SG users only, Welcome to open a CBA today and enjoy acces

Most quality funds own one of these six companies. Which will be the first to drop and why? $Visa(V)$ $Microsoft(MSFT)$ $S&P Global(SPGI)$ $MasterCard(MA)$ $Alphabet(GOOG)$ $Moody's(MCO)$ The one with the most inflated valuation might be the first to fall. High expectations can be tough to meet in a volatile market. Valuation will of course be a huge factor.Definitely not saying sell. They're all very high quality companies. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcomin

Here's a list of global compounders that combine high cash returns on capital with diligent use of share buybacks. Which do you like? $Plexus(PLXS)$ $Old Dominion Freight Lines(ODFL)$ $Tractor Supply(TSCO)$ $Landstar(LSTR)$ $RIGHTMOVE PLC(RMV.UK)$ $Demant AS(WILLF)$ $Cavco(CVCO)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Cognizant Technology Solutions Corp(CTSH)$

1.Triple Frond is one of my favourite funds to follow. They’ve just sold Moody’s and bought Illumina and TransUnion. $ASML Holding NV(ASML)$ $CCC Intelligent Solutions Holdings Inc.(CCC)$ $Amazon.com(AMZN)$ $Illumina(ILMN)$ $TransUnion(TRU)$ $Microsoft(MSFT)$ $Meta Platforms, Inc.(META)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $TransDigm(TDG)$