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Sleep Well Portfolio - Sea of Greens, 16% Outperformance, Future-Proof
Diversified: 6/10 are non-US, Growing profitably: 23% ROIC, 70% reinvestment rate, High cash buffers: 9/10 are net cash, Outperformance: 16% vs. S&P500…
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Trung Nguyen @SWIs
CrowdStrike's Possible Yellow Card or Opportunity?
ARR growth and retention declined for 2 Qs hinted at lasting IT outage impact. Cloud security and Identity also slowed. George Kurtz justified it as a…
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Trung Nguyen @SWIs
Buying Two US Tariff Resistant Businesses
Two resilient businesses that will do just fine if tariffs are higher
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Trung Nguyen @SWIs
Gold Standard of Naval Engineering at 6% FCF Yield & 5% Dividend
You will sleep well with 10yr 40% FCF margin, 10% growth, 20% CAGR return, ~100% market share, 4-year revenue visibility, net cash, deep moats, 80…
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Trung Nguyen @SWIs
Veeva System (VEEV) Q4'25: Sticky and Independent
Veeva posted great Q4'25 results, migration with slight delay but product positioning remains strong against IQVIA and Salesforce. Position up 33% since…
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Trung Nguyen @SWIs
Sea Limited FY24 "Evergreen Enterprise"
Three segments all profitable, $2B+ FCF and 20-30% growth ahead for many years.
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Trung Nguyen @SWIs
How Do You Pay Up for Quality?
Would you pay 70x FCF for a 20% growth software company?
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Trung Nguyen @SWIs
Sleep Well Portfolio Feb 2025 Update
17% outperformance vs. S&P500, and quality businesses to buy right now.
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Trung Nguyen @SWIs

February 2025

WiseTech (WTC) H1'25 CEO and Business Update
Status of global rollout, customers churn, resilience and long-term focus amid leadership instability.
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Trung Nguyen @SWIs
Buying A Wonderful Business At A Cheaper Price
I was wrong not to buy this business last year. Now it's cheaper, and I will sell Floor & Decor to fund this purchase.
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Trung Nguyen @SWIs
2
Mercado Libre (MELI) Q4'24 - 25 Year Anniversary of Compounding Investments
Reinvestments in users UX/UI, logistics and fintech accelerate. Shares +8% making an new all time high. I am patiently waiting to add more shares.
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Trung Nguyen @SWIs
Grab Q4'24: Profitable Growth and Low Disruption Risk From Robotaxi
Grab reached 44M MTU users, profitable for three consecutive quarters, $400M+ Adj. EBITDA makes this business 40x EV/EBITDA, reasonable for the 40% near…
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Trung Nguyen @SWIs
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