fbpx

What is Cogent Alpha?

Our investment newsletter provides guidance on two critical questions: how much of your savings should you invest in equity markets, and which companies should you consider owning. 

JOIN US FOR A FREE TRIAL

Amazon: Phenomenal businesses, but rich valuation means we’re taking some profits

Originally published Jan 30, 2019

Amazon has built two excellent businesses: the retail behemoth that everyone knows, and Amazon Web Services that is less well-known but more profitable. Each business has excellent prospects, and we explain them in detail in this newsletter. We expect Amazon to grow profits by 37% p.a. over 3+ years. But Amazon’s strengths are no secret, and the firm is priced at a very high valuation after strong returns recently. Amazon’s valuation is 4x Facebook’s and Apple’s and 3x Alphabet’s. We’ve decided ...

What do you get?

Members receive a newsletter every week, to help them understand what's going on in the market and better manage their own portfolio.

Most newsletters focus on why I own a particular company, but some discuss the critical question of how much of a portfolio one should allocate to equities, and others focus on why I've decided to sell a stock that's currently in my portfolio.

Detailed investment thesis for every firm in our portfolio, updated after material events
Performance tracking to provide clarity on the success of our ideas
Discussion Boards on each stock to swap ideas with like-minded investors
Access to all historical newsletters that we've ever published
Sample Newsletters
Cogent Alpha Performance

The Cogent Alpha Portfolio has beaten the world equity market by 10ppt p.a. since inception on March 31st, 2017.

JOIN US FOR A FREE TRIAL