thanks for the well-articulated article on an intriguing name here.
I haven't dug into the details, but noticed it had Y03-05, and Y14-16, 2 periods that it achieved a relatively healthy economics/margin, but both time faded in about 2-3 years.
this is a competitive space, and hard to build a durable moat that results in long term superior economics. would like to hear if you think this time is different (from the last two), if so how?
thanks for the well-articulated article on an intriguing name here.
I haven't dug into the details, but noticed it had Y03-05, and Y14-16, 2 periods that it achieved a relatively healthy economics/margin, but both time faded in about 2-3 years.
this is a competitive space, and hard to build a durable moat that results in long term superior economics. would like to hear if you think this time is different (from the last two), if so how?
Siyu LI
Under the Hood