To The Moon

$Visa(V)$ $MasterCard(MA)$ $Fair Isaac(FICO)$ $MSCI Inc(MSCI)$ have all compounded their free cash flow per share by ≈ 20%+ over the last 15 years.But it's not just the anti-fragile fintechs that have achieved this, so has the storage company Extra Space Storage $Extra Space Storage(EXR)$ . Which on the list do you own?$Salesforce.com(CRM)$ $Tyler(TYL)$ $Union Pacific(UNP)$ $Adobe(ADBE)$

What's your view on Manhattan Associates $Manhattan Associates(MANH)$ ? - Consistently high cash return on capital - Steady free cash flow growth - High SBC, but offset with consistent buybacks - Potentially attractive valuation Here’s a checklist of what I consider when analysing a company: Financial metrics - Return on capital - FCF per share growth - Margin expansion - Debt affordability Supply chain - Market growth rate - Market share growth - Cyclicality Pricing power / competition - Essential or discretionary? - Affordable? - Alternatives? Valuation - Priced in growth vs actual growth - Forward FCF yield What would you add? 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 t

Here’s a checklist of what I consider when analysing a company: Financial metrics - Return on capital - FCF per share growth - Margin expansion - Debt affordability Supply chain - Market growth rate - Market share growth - Cyclicality Pricing power / competition - Essential or discretionary? - Affordable? - Alternatives? Valuation - Priced in growth vs actual growth - Forward FCF yield What would you add? And， In year 1, you invest $100 and get a $40 return. In year 2, you invest $50 and get a $20 return. In year 3, you invest $25 and get a $10 return. In each year the return on capital is 40%, but the growth rate was -50%. That's why monitoring invested capital is important - compounding requires reinvestment. For SG users only, Welcome to open a CBA today and enjoy access to a trading li

$Visa(V)$ $MasterCard(MA)$ $Fair Isaac(FICO)$ $MSCI Inc(MSCI)$ have all compounded their free cash flow per share by ≈ 20%+ over the last 15 years. But it's not just the anti-fragile fintechs that have achieved this, so has the storage company Extra Space Storage $Extra Space Storage(EXR)$ . Which on the list do you own?Not all compounders are mega-cap tech companies.Over the last 15 years, Patrick Industries $Patrick(PATK)$ has compounded their free cash flow per share at 29% per year, with a RSq of 0.91. For SG users only, Welcome to open a

While quality and growth are the focus of the Long Equity database, it’s always interesting to see where else these companies excel. Here are the top dividend growers. $Texas Pacific Land(TPL)$ $Lasertec Corp.(LSRCF)$ $Wisetech Global(WIGBY)$ $SBA Communications Corp(SBAC)$ $OBJECTIVE CORPORATION LTD.(OBCLF)$ $Keyence Corp.(KYCCF)$ Interesting to see ATOSS software up there (now at a very interesting price). It currently has a 2.11% dividend yield. Pretty decent compared to others.For SG users only, Welcome to open a CBA today and en

1.I recently added four new companies to my Global Compounders Database: $MarketAxess(MKTX)$ , $PTC Inc(PTC)$ , $GOODWIN PLC(GDWN.UK)$ and $Elmos Semiconductor AG(ELTTF)$ . 2. $MSCI Inc(MSCI)$ Is MSCI overdue a re-rating? Unlike other high quality growth companies, MSCI often sees its share price grow at a slower rate than its FCF. Consequently, FCF yield has been steadily going up over the last few years. 3. $Lam Research(LRCX)$ Lam Research is up 35% since I first entered in 2 months ago. Positions in green have been held less tha

Here's a breakdown of my portfolio vs my watchlist. My favourites on the watchlist are underlined.My portfolio: $Visa(V)$ $MasterCard(MA)$ $MSCI Inc(MSCI)$ $Fair Isaac(FICO)$ $Applied Materials(AMAT)$ $KLA-Tencor(KLAC)$ $Lam Research(LRCX)$ $NVIDIA(NVDA)$ $Comfort Systems USA(FIX)$ $Cadence Design(CDNS)$ $Fortinet(FTNT)$

DECEMBER 2025 FactsheetIN: ATOSS SoftwareThe portfolio is optimised for return on capital, growth rate and pricing power. Cash Return on Capital = 41% (all time high)5yr FCF/share CAGR = 26%We began a new position in ATOSS Software. The top contributors to performance were Lam Research $Lam Research(LRCX)$ and Visa $Visa(V)$ . The top detractors from performance were TechnologyOne $Technology One, Ltd.(THNOF)$ and Fair Isaac $Fair Isaac(FICO)$ . 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 ETFs.

$Badger Meter(BMI)$ is a company that I've been aware of for a while, but prior to writing this report, it was also a business that I knew very little about. I first became aware of BMI as part of my linearity analysis of the S&P 600, which is the US small cap index. Since their IPO in 1985, their share price has grown more than 25,000%, often with low volatility.Presented here is a breakdown of how I would analyse a company for the first time. Let's assume that we've never heard of this company, which for many, may have been the case. Here's a step-by-step process we could take in understanding the business further. The steps are categorised in to determining whether a company has predictable growth, pricing power and capital efficiency. At th

Are quality growth companies over-valued?I maintain a watchlist of 45 quality growth companies. Currently, the average FCF yield is 3.2%. $Pro Medicus, Ltd.(PMDIY)$ has the lowest yield at 0.5%, and $Qualcomm(QCOM)$ has the highest yield at 6.6%. $Comfort Systems USA(FIX)$ is definitely up there, also $Fortinet(FTNT)$ and $KLA-Tencor(KLAC)$ . I also re-entered ATOSS Software.I also factor in growth.Qualcomm is the cheapest: 25% growth * 6.6% yield = 113Pro Medicus is the most expensive: 29% growth * 0.5% yield = 19I also look at it from the other angle, and estimate what the mar