Nvidia: Market, Market Share, Margins And Multiples Part 2 (NASDAQ:NVDA)

Core Insights - The investment strategy focuses on acquiring strong businesses at undervalued prices, emphasizing the importance of quality and economic fundamentals [1] - The portfolio has evolved through various industries, including technology, banking, and emerging markets, with a current emphasis on high-quality businesses and their competitive advantages [1] - The investment philosophy is influenced by notable investors and CEOs, highlighting the significance of learning from successful figures in the industry [1] Investment Strategy - The approach prioritizes large tech companies with extensive user bases and content libraries, recognizing the potential for cross-selling opportunities [1] - Valuation is conducted at the EBIT plus R&D level, reflecting a belief in the potential of certain R&D investments [1] - The investment philosophy rejects traditional "Buy" and "Sell" recommendations, advocating for a focus on exceptional businesses and a "Strong Buy" threshold for capital allocation [1] Performance Metrics - The annual return from February 2019 to October 2024 is reported at 11.4% CAGR, which is below the market's 15.18% CAGR [1] - The belief is that enhanced knowledge and principles learned will enable future outperformance of the market [1] - The strategy aims to minimize portfolio turnover, with a focus on holding existing investments rather than frequent trading [1]