Incremental Insights #56
A weekly collection of mostly investment and business related content
Betting on GLP-1
Despite recent stock pullbacks, these two companies control 90% of a market so hot they literally can't make enough medicine to meet demand.
With patients losing ~21% body weight and needing to stay on maintenance doses for life, could their recent pullbacks be a good opportunity to invest in the long-term secular growth of GLP-1s?
Uber is Close to Completing its Quest to Become The Ultimate Robotaxi App
Uber's robotaxi empire expands with Baidu partnership, deploying in Asia & Middle East. With 1.4M paid autonomous trips in Q1 2025 alone, Uber's strategy of becoming the ultimate AV clearinghouse without development costs is working.
How Chris Hohn's Delivered an 18% CAGR Since 2003
Chris Hohn's TCI Fund has achieved an extraordinary 18% CAGR since 2003 by focusing on companies with sustainable competitive advantages, pricing power, and by having patience (8-year avg holding period).
Heinz, Kraft, and Warren Buffett
The history of Heinz buying Kraft in part with Warren’s money and how they now want to undo it.
It’s kind of funny given that Warren likes to tell the story of Investment Bankers advising companies to merge and then in a couple years the same company to break up. Now Warren is caught up in one of those stories.