Group 1 - Caterpillar is often viewed as a cyclical construction machinery company, but its investment case is more complex, driven by three key growth factors that provide stability [1] - The focus is on identifying durable companies with economic resilience, pricing power, and capital efficiency, which outperform over time due to their intrinsic value creation mechanisms [1] - The analysis emphasizes the importance of capital allocation strategies, margin trajectories, and unit economics in assessing the sustainability of growth and returns [1] Group 2 - The analyst has a strong focus on long-term compounders, high-moat businesses, and structurally growing industries, particularly in Technology, Industrials, and Financials [1] - The goal is to make high-quality investment theses more accessible, presenting not just facts but also insights into how businesses operate and their long-term potential [1]

Group 1 - The focus is on identifying durable companies with economic resilience, pricing power, and capital efficiency, which outperform over time due to their intrinsic value creation engine [1] - The sectors of interest include Technology, Industrials, and Financials, emphasizing scalable business models, network effects, and mission-critical offerings [1] - Analysis includes capital allocation strategies, margin trajectories, and unit economics to assess sustainability of growth and returns [1] Group 2 - The aim is to make high-quality investment theses more accessible, presenting facts while communicating how a business operates, its incentives, levers, and long-term potential [1]