Last year my submission was Kura Sushi (KRUS). It's a volatile stock, at times being +60% during the period. Execution has continued to be good, despite some softness throughout 2025. Over time, it has been growing into it's valuation.
Today it trades 26% lower than when I initially voted for it, and the forward sales multiple has compressed by 35% while revenue has grown 25% in a harsher environment. Some flashes of profitability, stronger operating cash flows...
This is all to say I am going to be boring and make the same submission the second time around.
Boston Omaha (again), the inevitable upside seems to allude us again this last year. BUT trading at $380m market cap with about $200m+ in publicly listed equities, cash and other minority stakes that leaves adjusted market cap sub $200m with $20-25m FCF, with a newly announced $30m buyback after not being able to buyback all 2024 due to blackout periods.
Ops biz wise billboards is resilient and due to US elections will get a 'bump' in 2026, Fiber buildout increasing profitability at speed with 26-27 key years to jump up, and hopefully the surety insurance biz seeing the end of a brief uptick in loss ratio.
It should be noted my other more boring choice was Markel and that did well, so ignore my advice in general as I havent a clue.
Does investing in BOC work for those people? No. It never does. I mean these people somehow delude themselves into thinking it might. …But it might work for me!
Can't believe no one has mentioned NVDA last year or this year. That said, over a 5 year period, I would pick TSM. AI is already having a profound effect on knowledge work, and the chatGPT moment in AI-powered robotics is coming. NVDA's market share will inevitably decline and that will keep their multiple in check. On the other hand, there is no viable alternative to TSM on the high-end of chips manufacturing over the next 5 years, and it seems almost certain TSM will grow at around 30% CAGR over that period.
Last year my submission was Kura Sushi (KRUS). It's a volatile stock, at times being +60% during the period. Execution has continued to be good, despite some softness throughout 2025. Over time, it has been growing into it's valuation.
Today it trades 26% lower than when I initially voted for it, and the forward sales multiple has compressed by 35% while revenue has grown 25% in a harsher environment. Some flashes of profitability, stronger operating cash flows...
This is all to say I am going to be boring and make the same submission the second time around.
MELI
Counted!
ISRG, Intuitive Surgical
Got it, thanks!
$MELI again! Hasn't done much since last year but I could bet my entire portfolio on that one. Personally, a 15% holding of my portfolio
Great pick, love the conviction, thanks Dhaval!
Boston Omaha (again), the inevitable upside seems to allude us again this last year. BUT trading at $380m market cap with about $200m+ in publicly listed equities, cash and other minority stakes that leaves adjusted market cap sub $200m with $20-25m FCF, with a newly announced $30m buyback after not being able to buyback all 2024 due to blackout periods.
Ops biz wise billboards is resilient and due to US elections will get a 'bump' in 2026, Fiber buildout increasing profitability at speed with 26-27 key years to jump up, and hopefully the surety insurance biz seeing the end of a brief uptick in loss ratio.
It should be noted my other more boring choice was Markel and that did well, so ignore my advice in general as I havent a clue.
Duly noted sir!
Does investing in BOC work for those people? No. It never does. I mean these people somehow delude themselves into thinking it might. …But it might work for me!
*cries as he logs into brokerage account*
V-Visa
Solid choice, noted thanks!
TSM Taiwan Semi
Noted, thanks!
I'm late but $tsm TSMC Taiwan Semiconductor Manufacturing (TSMC). $CSU Constellation Software close second due to starting valuation now
Counted anyway :)
INSW - International Seaways
Counted!
Global Payments $GPN
Vote counted, thanks.
$MMYT Make My Trip Limited
Counted!
Lets do $MCB McCoy Global (TSX), since 2026 is supposed to be pivotal with middle east orders.
Noted, thanks!
Can't believe no one has mentioned NVDA last year or this year. That said, over a 5 year period, I would pick TSM. AI is already having a profound effect on knowledge work, and the chatGPT moment in AI-powered robotics is coming. NVDA's market share will inevitably decline and that will keep their multiple in check. On the other hand, there is no viable alternative to TSM on the high-end of chips manufacturing over the next 5 years, and it seems almost certain TSM will grow at around 30% CAGR over that period.
Noted, thanks!
NVO - Novo Nordisk
Counted, thanks!
NYSE: ICE
Nice choice!
PLTR again! Team Karp keeps rolling on!
Booked, thanks!