Archive - Level-Headed Investing

Parallel Plays: Where My Portfolio and Bill Ackman's Pershing Square Converge and Diverge

Why I built stakes in Alphabet, Amazon, Brookfield, and Uber; sometimes ahead of Ackman, and where our paths split

Sep 4 •

August 2025

Amazon's Q2 2025 Results: Still Early at $123B AWS Run Rate

Re-acceleration across Retail and Ads, AWS demand locked in, and CapEx as a feature, not a bug

Aug 26 •

High Conviction, High Returns: Inside Bill Ackman's Pershing Square Holdings Portfolio

Two decades of lessons from Bill Ackman's focused, conviction-driven investment strategy

Aug 18 •

May 2025

Evolution AB's Q1 2025: Navigating Challenges for Sustainable Growth

A review of Evolution AB's Q1 2025 slowdown and why it may be temporary

May 3 •

April 2025

Tariffs and the Trade War Sell-off: A Case of Conviction and Disciplined Investing

Echoes of 2008, 2020, and every panic before; history doesn't repeat, but it rhymes

Apr 10 •

Laying the Tracks of the Digital Economy: The AI & Cloud Infrastructure Boom

A historical parallel between the industrial railroad boom and the AI & cloud infrastructure expansion shaping the next digital century

Apr 6 •

March 2025

Living Richer, Wiser, and Happier: Key Lessons from Legendary Investors

How the world's greatest investors win in markets and life

Mar 15 •

February 2025

January 2025

Active Investing in a Passive World: Reflections on Terry Smith's 2024 Letter

Can Fundsmith's "Buy, Don't Overpay, Do Nothing" strategy keep up?

Jan 25 •

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