Guides of Knowledge

Latest Articles

Pricing Power

A complete guide to pricing power and how to identify it in its most durable form.

Equity Research

[FFH] Fairfax Financial
Fairfax Financial: No Clues from the Past

On what makes a great insurance company, Fairfax’s historical transformations, investment slump, underwriting tailwind, hard vs soft markets, culture, incentives, run rate profits, and price-to-book.

Elevator Companies

On the elevator oligopoly, the golden service market, economics of density, working capital benefits, innovation, China, and smart elevators.

[ADBE] Adobe
Adobe’s Figma Acquisition

On Adobe’s history, SaaS transition, creative monopoly, increased competition, Figma acquisition, and valuation.