Nvidia: Market, Market Share, Margins And Multiples (NASDAQ:NVDA)

I only buy strong businesses. I only buy them when they’re cheap. Backgrounds in economics, philosophy, government, data. I started my investing journey with a fairly concentrated portfolio of Canadian dividend payers in the telecom, pipeline and banking industries. I have moved forward through different industries including payments, US regional banking, Chinese and Brazilian equities, and a few other emerging market opportunities. I currently am focused on holding the highest quality businesses and continuing to expand my knowledge of their advantages. I think there is a lot one can learn listening to Warren Buffett, Charlie Munger, Monish Pabrai, Terry Smith, Li Lu, Bill Ackman, Guy Spier and perhaps most importantly, the CEOs: Jensen Huang, Mark Zuckerberg, Jeff Bezos and others.I am mostly focused on big tech companies with billions of users and exanding libraries of content. I think the possibilities of cross-selling when you have such large bases is underappreciated. I prefer to value companies at the EBIT+R&D level because of the potential in certain R&D investments I believe in. I have no professional affiliations. My annual return from February 2019 to August 2024 was 10.5% CAGR (a 1.72x), somewhat underperforming the market’s 14.84% CAGR (a 2x). But I believe my expanded knowledge since 2019, especially in the last two years, has provided me with the tools required to outperform the market from this point forward.I find investing an exhilarating journey. Frankly, it’s hard to tell what your portfolio will look like in 5 years, let alone 10 years. But I believe the principles I have learned will keep portfolio turnover to a minimum going forward and that most of the money to be made will be made not selling the companies I already own.