Thanks for the breakdown. I was certainly late to the Mercado Libre party (started building a position a month ago) but everything I read suggests they’ve developed a real moat and should continue their strong growth.
I have been following the company for many years now. It is an exceptionally run company with excellent management. True category leaders who seek to push the boundaries of what is possible.
You see similar situations in other industries, BYD goes straight to EV production while other players are stuck with legacy industrial systems for construction of traditional vehicles
Indeed although I don’t think that industry is a good example because the adoption curve for EVs has been slow as it does not bring non-transactors into the market, switching costs are high and value proposition is lower due to the battery distances.
Thanks for the breakdown. I was certainly late to the Mercado Libre party (started building a position a month ago) but everything I read suggests they’ve developed a real moat and should continue their strong growth.
I have been following the company for many years now. It is an exceptionally run company with excellent management. True category leaders who seek to push the boundaries of what is possible.
You see similar situations in other industries, BYD goes straight to EV production while other players are stuck with legacy industrial systems for construction of traditional vehicles
Indeed although I don’t think that industry is a good example because the adoption curve for EVs has been slow as it does not bring non-transactors into the market, switching costs are high and value proposition is lower due to the battery distances.
Excellent post!
Appreciate the feedback 👍