Luxury
The Luxury Flywheel: Part 3
An overview of China's rise, the GFC, China's dominance and the Chinese corruption crackdown.
Gorilla Game
Independent Investor
Serial Acquirer
Update: HEICO (HEI / HEI.A)
Update on Q2 F2025 results
Serial Acquirer
Update: Diploma (DPLM)
Update on H1 2025 results.
Luxury
The Luxury Flywheel: Part 2
A deep dive on luxury's emergence from serving Europe's ultra wealthy to Japan's boom and bust. This article sets the stage to better understand China as luxury's key market and growth driver.
Luxury
The Luxury Flywheel: Part 1
In this post, I describe the luxury flywheel and the 5Ps of luxury.
Serial Acquirer
Deep Dive: HEICO (HEI / HEI.A)
HEICO is a serial acquirer of nice aerospace and electronic components businesses run by exceptional owner/operators.
What is The Gorilla Game?
In this journal, I post deep dives on companies I believe can either become Gorillas or are already Gorillas.
Serial Acquirer
Update: Judges Scientific (JDG)
Mark Lavelle (COO) is retiring in September 2026
Serial Acquirer
Deep Dive: Reply SpA (REY, REY.MI)
Italian IT-services serial acquirer with unique organizational model and culture
People Businesses
Primer: I.T. Services Industry
Deep dive on the IT Services Industry
Serial Acquirer
Deep Dive: Diploma plc (DPLM)
Serial acquirer of niche distribution businesses
People Businesses
People Businesses
How can "people" or "culture" be a moat?