Revisiting All 13 Deep Dives (Part 2/2)
CHA, DLO, GLXY, INTR, RBRK, FOUR, AXON, MELI
This is part 2 of my two-part series on revisiting all my deep dives. For context, I’ve been writing deep dives since September 2024. Since then, 13 deep dives have been written, at a pace of about 1 a month.
The deep dives have been largely sector-agnostic, although there is a clear bias towards e-commerce and emerging markets, which sit firmly within my circle of competence.
Performance of Deep Dives since Publication
On average, the performance since publication has been as follows:
Bullish picks: +38.7%
Bearish picks: -26.7%
SPY: +12.2% over the same period
Needless to say, I am pleased with the performance so far. However, it’s a small sample size and short time frame. In this piece, I intend to revisit all deep dives, re-evaluating if each decision made at the time was the right one, what I learned, and whether I would re-consider entering a position in any of them at this moment in time.
For consistency, this is how I will review each deep dive:
Original thesis: What I believed at the time and why
What played out: Key developments since publication
What I got right and wrong: Identifying mistakes and learnings
Decision today: Buy, hold, watch, or avoid, and why
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As a reminder, paid subscribers get access to:
Monthly Portfolio Updates (+197% in 2.5 years since inception)
Monthly Deep Dives & Mini-Dives (Wide Range of Companies)
Earnings Reviews on Portfolio Companies (SE, GRAB, DLO, MELI etc)
Archive of Deep Dives and Posts (13 Deep Dives, 87 posts and counting)
Southeast Asian coverage of industries and companies
In part 1, I covered the first 6 deep dives including SE, GRAB, HOOD, CPNG, TSM and DLO. All were rated buys. I started transitioning in mid-2025 to covering companies I was interested in, but perhaps felt they weren’t ready for my investment dollars or the right investment for me.
In this piece, I cover 7 companies, of which 4 were rated as buys and 3 as sells.
Out of the 4 buys, 3 are up since and have outperformed the market, while 1 is negative since being recommended as a buy. Of the 3 sells, all 3 have gone down and underperformed the market.
