Archive - CosmicCapital’s Substack

7 Powers - Why Starbucks does not have Scale Economies

Exploring Scale Economies in part 2 of 8 of 7 Powers Series

Jul 7 •

Saying No to Hemnet (HEM.ST)

A Monopoly with Cracks in the Foundation

Jul 3 •

June 2025

7 Powers - Why the truly best companies continue to outperform

8 part Series on Hamilton Helmer's book about enduring Power

Jun 29 •

Stablecoins: Trump's Bullish, Should You Be Too?

Potential impacts for Mastercard, Visa and Wise

Jun 26 •

Amazon AWS Business Breakdown

50 page deep dive into the cloud computing arm at Amazon

Jun 19 •

Thesis Tracker - 06/06/2025

29% annualised return per stock, each thesis remains in-tact and no losers.. yet

Jun 9 •

Wise FY25 Results - Stock Analysis

Are these Day 1 vibes?

Jun 6 •

May 2025

Auto Trader FY25 Results - Stock Analysis

A market leader facing near-term cyclical headwinds

May 30 •

Diploma 1H25 Results - Stock Analysis

A serial acquirer with a long runway to reinvest capital at high-teens returns

May 23 •

Richemont FY25 Results - Stock Analysis

An underappreciated business with Hermes like attributes

May 16 •

Amazon Ecommerce - Business Breakdown

53 page deep dive into Amazon's Ecommerce business

May 14 •

April 2025

Mastercard - Business Breakdown

45 page report on why is it unique

Apr 8 •

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