Sitemap - 2025 - The Compounding Tortoise
Adding Slightly to Two Existing Positions
Where to Invest in Q3 - Our Picks
The Risk of Extrapolating Rolling Metrics
One of the Best Terry Smith Interviews to Date - 6 Highlights
Pitching Harvia to a Family Office
How We Define Sustainable Quality Compounding (Part 4)
TSS Closes Cipal Schaubroeck Acquisition
McKinsey's First Principles of Valuation
Our Core Principles for Sustainable Quality Compounding
🔎 Everything You Need to Know About Valuation vs. ROIIC and Durability
How We Define Sustainable Quality Compounding (Part 3)
Q3 2025 - AutoZone - Full Analysis
🚀 The Best of The Compounding Tortoise
How We Define Sustainable Quality Compounding (Part 2)
Buy-And-Monitor Instead of Buy-And-Hold-Forever
Constellation Software's 2025 AGM: Full Summary
How We Define Sustainable Quality Compounding (Part 1)
Q1 2025 - Constellation Software & Its Spin-Outs - Full Analysis
Why the ROIIC + Growth + FCF Optionality Framework is Underappreciated
Q1 2025 - Topicus.com - Analysis
Q1 2025 - Harvia - Full Analysis
Reverse Thinking: Why We Stick to Best-of-Breed Companies
Why Seemingly Undervalued Investment Cases Don't Pan Out: Reality vs. Theory
Q1 2025 - Linde Plc - Full Analysis
Q1 2025 - O'Reilly Auto - Full Analysis
Q1 2025 - Otis Worldwide - Analysis
Making Money with Niche Consumer Companies
Our Valuation Model: Key Concepts
LVMH's Q1 Update Leaves Investors with Many Questions
Letter to Our Partners - Q1 2025
The Tortoise Approach to Tariff Turbulence
Each New Crisis Narrows a Quality Investor's Investable Universe
When Selling Decisions Teach Us Valuable Lessons
Tariff Uncertainty and Stagflation Fears
Q4 and FY 2024 - Constellation Software & Its Spin-Outs - Full Analysis
Exor Cutting Its Ferrari Stake by Roughly 16%
What Do The Home Depot and Lowe's Earnings Mean for Our Portfolio?
Three-Pronged Framework to Identify the Best Compounders
Q4 and FY 2024 - Hermès Int'l
Q4 and FY 2024 - Harvia Plc - Full Analysis
Preview Q4 - Harvia: Combining Organic Growth with Successful M&A
Q4 Earnings Season - Our Tortoises Keep Delivering
Q4/FY 2024 - O'Reilly Auto - Full Analysis
Q4/FY 2024 - Linde Plc - Full Analysis
Q4/FY 2024 - Ferrari - Full Analysis
Topicus Set to Become Largest Shareholder in Asseco Poland S.A.
FY24 - Hg Capital Trust - Preliminary Results
Is There FOMO in Quality Land?
Q4/FY 2024 - Lifco AB - Full Analysis
Trimming O'Reilly Automotive (>35% Gross IRR)
Q4 2024 - Otis Worldwide - Analysis
Valuing Quality Growth Companies
Burberry Lifting Luxury Sector
Opening a New Position in High-End Luxury
High-End Luxury and VMS Serial Acquirers - Off To The Races
Letter to Our Partners - Q4 and FY 2024
TSS (Topicus) Kicks 2025 Off With Major Acquisition
Our Portfolio Heading into 2025