Investing in Elite Businesses - A Performance Update

Dear Investor,

I hope this message finds you well.

On August 11, 2024, I published my first stock analysis, and since then, I’ve released two more. While it’s still early days - any serious investment thesis takes at least 1-2 years to fully unfold - I’m thrilled to share a quick update on how these stocks are performing so far:

• 📈 Report #1 (Published August 11, 2024): +16%

• 📈 Report #2 (Published November 3, 2024): +3%

• 📈 Report #3 (Published January 5, 2025): +3%

These are high-quality businesses - not speculative hype stocks. If you’re new here, let me remind you of the core characteristics I look for:

1. ✅ Free Cash Flow Positive: They generate strong cash flows with low capital needs, protecting them from inflation.

2. ✅ Resilient Business Models: Even great companies have bad quarters, but these businesses have proven their ability to thrive over time.

3. ✅ Unique Competitive Advantages: They’re protected from competitors eroding their profits - and yours.

4. ✅ Shareholder-Friendly Practices: Through strategic acquisitions, dividend raises, buybacks, and product development, they consistently reward their investors.

5. ✅ AI as an Opportunity, Not a Threat: They aren't at risk of disruption by AI; instead, they leverage it to improve efficiency and cut costs.

6. ✅ Ignored by the Herd: While others chase “the next Nvidia” or obscure deep-value plays, these businesses fly under the radar—offering a rare opportunity.

Each of my reports is NOT a sales pitch for a stock. Instead, they provide a clear, common-sense breakdown of what makes these companies outstanding investments.

If you're looking to own elite businesses with world-class management teams, my latest reports will help you discover them:

🔹 A software company with government-backed protections worldwide:

🔹 A small-cap food producer led by a team that already built a market leader from scratch - and is doing it again:

🔹 One of the best-managed insurance companies in the industry:

Serious investors recognize that great businesses, not short-term speculation, create lasting wealth. If that resonates with you, these reports are for you.

Report #4 is getting ready. Stay tuned!

Until the next issue. 👋

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Disclaimer: This analysis is not advice to buy or sell this or any stock; it is just pointing out an objective observation of unique patterns that developed from my research. Nothing herein should be construed as an offer to buy or sell securities or to give individual investment advice.

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