The Dutch Investors

Why choose Grab when another ride-hailing app offers a cheaper fare?

From a rainy evening in Vietnam to the economics behind your next ride, we explore Grab’s business model, network effects, and competition in Southeast Asia and what they mean for investors in Grab stock (NASDAQ: GRAB).

A story about reliability, customer loyalty, and the questions worth asking before buying the shares.

Interested in Grab Holdings? See our Grab deep dive.

Main takeaway? A service can be valuable to customers without being an attractive investment. You need to understand what it costs to deliver that value and how much the business retains.

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Try our all-in-one investing terminal!

Research. Track. Compound. Your complete fundamental toolkit.

1. A new company deep dive every 14 days!
2. Professional investing tools
3. Live company financials and KPIs
4. Exclusive TDI-member community
5. 24/7 live access to our personal portfolio's
6. All our buys & sells
7. And much more!

➡️ www.TDI-Terminal.com

You can also find us on:

• X ⁠@DutchInvestors⁠
• Substack ⁠@The Dutch Investors⁠
• Instagram ⁠@The Dutch Investors⁠

🎁 Proud partners of PDT. Save 15% on any PDT plan! 

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Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research. 

Dino Polska (WSE: DNP) keeps opening supermarkets across Poland, but profit growth has slowed, and its shares have come under pressure. Has the investment thesis changed? Or has the market become too pessimistic?

In this episode we revisit our original Dino Polska deep dive and compare our expectations with what happened. We cover the retailer’s business model, competition with Biedronka and Lidl, pressure on margins, and its approach to reinvesting for growth. We also revisit the valuation.

Support the show

Try our all-in-one investing terminal!

Research. Track. Compound. Your complete fundamental toolkit.

1. A new company deep dive every 14 days!
2. Professional investing tools
3. Live company financials and KPIs
4. Exclusive TDI-member community
5. 24/7 live access to our personal portfolio's
6. All our buys & sells
7. And much more!

➡️ www.TDI-Terminal.com

You can also find us on:

• X ⁠@DutchInvestors⁠
• Substack ⁠@The Dutch Investors⁠
• Instagram ⁠@The Dutch Investors⁠

🎁 Proud partners of PDT. Save 15% on any PDT plan! 

🎁 Proud partners of Fiscal. Save 15% on any Fiscal.ai plan!

Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research. 

 In this deep dive, we break down the global payments industry from the ground up, moving past the surface-level metrics to examine the hidden framework that powers every digital and physical transaction. We explore why payments are a battleground of intense competition, structural moats, and evolving technology, helping investors separate true compounding businesses from value traps.

• Chapter 1: The Four Party Model 
• Chapter 2: Point of Sale 
• Chapter 3: Digital Wallets 
• Chapter 4: Payment Service Providers 
• Chapter 5: Issuing and Acquiring Banks 
• Chapter 6: Card Networks 
• Chapter 7: Crypto and Stable Coins 
• Chapter 8: Where the Growth Actually Is 
• Chapter 9: Five Companies

Support the show

Try our all-in-one investing terminal!

Research. Track. Compound. Your complete fundamental toolkit.

1. A new company deep dive every 14 days!
2. Professional investing tools
3. Live company financials and KPIs
4. Exclusive TDI-member community
5. 24/7 live access to our personal portfolio's
6. All our buys & sells
7. And much more!

➡️ www.TDI-Terminal.com

You can also find us on:

• X ⁠@DutchInvestors⁠
• Substack ⁠@The Dutch Investors⁠
• Instagram ⁠@The Dutch Investors⁠

🎁 Proud partners of PDT. Save 15% on any PDT plan! 

🎁 Proud partners of Fiscal. Save 15% on any Fiscal.ai plan!

Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research. 

In this episode we'll get answers to some in-depth questions on Fairfax, often named the 'Canadian Berkshire Hathaway' due to its similar business model.

Asheef Lalani, also known as BrownMarubozu, is a real Fairfax expert. He's been following the company closely for over six years and has been in close contact with some people working at the company. He'll help us uncover what makes Fairfax so special and why this might be an interesting investment.

Asheef is a true Fairfax expert, and we highly recommend following him if you're interested in Fairfax. You can do so on X (Twitter) or on Substack.

You can find the full in-depth dive analysis on Fairfax on our TDI-terminal or on Substack.

Support the show

Try our all-in-one investing terminal!

Research. Track. Compound. Your complete fundamental toolkit.

1. A new company deep dive every 14 days!
2. Professional investing tools
3. Live company financials and KPIs
4. Exclusive TDI-member community
5. 24/7 live access to our personal portfolio's
6. All our buys & sells
7. And much more!

➡️ www.TDI-Terminal.com

You can also find us on:

• X ⁠@DutchInvestors⁠
• Substack ⁠@The Dutch Investors⁠
• Instagram ⁠@The Dutch Investors⁠

🎁 Proud partners of PDT. Save 15% on any PDT plan! 

🎁 Proud partners of Fiscal. Save 15% on any Fiscal.ai plan!

Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research. 

What is the actual job of a CEO, and why do most leaders fail at the one thing that truly drives shareholder returns? In this episode, we break down the mechanics of capital allocation, look at the playbook used by history's greatest outsider CEOs, and examine why conventional business metrics often lead investors astray.

Credits to William Thorndike and his excellent book: The Outsiders - Eight Unconventional CEOs and Their Radically Rational Blueprint for Success.

Support the show

Try our all-in-one investing terminal!

Research. Track. Compound. Your complete fundamental toolkit.

1. A new company deep dive every 14 days!
2. Professional investing tools
3. Live company financials and KPIs
4. Exclusive TDI-member community
5. 24/7 live access to our personal portfolio's
6. All our buys & sells
7. And much more!

➡️ www.TDI-Terminal.com

You can also find us on:

• X ⁠@DutchInvestors⁠
• Substack ⁠@The Dutch Investors⁠
• Instagram ⁠@The Dutch Investors⁠

🎁 Proud partners of PDT. Save 15% on any PDT plan! 

🎁 Proud partners of Fiscal. Save 15% on any Fiscal.ai plan!

Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research. 

What do long-term public equity investing and a decades-long marriage actually have in common? More than you might think.

In this special episode of The Dutch Investors, Siem te Hennepe reflects on tying the knot with his wife, Ariane, after ten years together. To mark the occasion, co-founders Bouke, Luuk, and Mathjis handed over a unique wedding gift: ten fundamental rules bridging the worlds of market discipline and lifelong partnership.

Enjoy.

Support the show

Try our all-in-one investing terminal!

Research. Track. Compound. Your complete fundamental toolkit.

1. A new company deep dive every 14 days!
2. Professional investing tools
3. Live company financials and KPIs
4. Exclusive TDI-member community
5. 24/7 live access to our personal portfolio's
6. All our buys & sells
7. And much more!

➡️ www.TDI-Terminal.com

You can also find us on:

• X ⁠@DutchInvestors⁠
• Substack ⁠@The Dutch Investors⁠
• Instagram ⁠@The Dutch Investors⁠

🎁 Proud partners of PDT. Save 15% on any PDT plan! 

🎁 Proud partners of Fiscal. Save 15% on any Fiscal.ai plan!

Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research. 

We are joined by René, the creator behind Compound with René, live from Mallorca. Vacation or not, investing is his passion, and he thinks about it daily. 

We discuss the principles of finding quality companies, how artificial intelligence changes research, and the reality of navigating modern stock markets.

You can find René's socials here:

• Youtube
• X
• Substack

Support the show

Try our all-in-one investing terminal!

Research. Track. Compound. Your complete fundamental toolkit.

1. A new company deep dive every 14 days!
2. Professional investing tools
3. Live company financials and KPIs
4. Exclusive TDI-member community
5. 24/7 live access to our personal portfolio's
6. All our buys & sells
7. And much more!

➡️ www.TDI-Terminal.com

You can also find us on:

• X ⁠@DutchInvestors⁠
• Substack ⁠@The Dutch Investors⁠
• Instagram ⁠@The Dutch Investors⁠

🎁 Proud partners of PDT. Save 15% on any PDT plan! 

🎁 Proud partners of Fiscal. Save 15% on any Fiscal.ai plan!

Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research. 

While doing a deep dive into The Walt Disney Company, we stumbled upon something unexpected: Disney characters have been dispensing timeless financial wisdom for decades.

In this episode, we break down seven classic Disney lines and explore what they can teach us about market psychology, risk management, and the power of long-term compounding.

It'll be a magical, somewhat nostalgic episode. 🌟

Support the show

Try our all-in-one investing terminal!

Research. Track. Compound. Your complete fundamental toolkit.

1. A new company deep dive every 14 days!
2. Professional investing tools
3. Live company financials and KPIs
4. Exclusive TDI-member community
5. 24/7 live access to our personal portfolio's
6. All our buys & sells
7. And much more!

➡️ www.TDI-Terminal.com

You can also find us on:

• X ⁠@DutchInvestors⁠
• Substack ⁠@The Dutch Investors⁠
• Instagram ⁠@The Dutch Investors⁠

🎁 Proud partners of PDT. Save 15% on any PDT plan! 

🎁 Proud partners of Fiscal. Save 15% on any Fiscal.ai plan!

Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research. 

The TDI-Terminal now comes with a monthly plan! Give it a try for just $19!

Every year, millions of acres of forest burn across North America, threatening thousands of homes and costing billions of dollars in damage. The biggest challenge in stopping a megafire isn't a lack of brave firefighters or aircraft but that water alone evaporates almost instantly in extreme heat.

Traditionally, when a wildfire breaks out, firefighting crews rely on dropping water or short-term suppressants directly on the flames. But in scorching temperatures and high winds, water dries up before it can slow down the fire's edge. By the time ground crews arrive or wind conditions shift, the flames have already jumped the line, leaving communities defenseless.

Perimeter Solutions built the answer to that challenge.

Through its flagship chemical retardant, PHOS-CHEK, Perimeter provides a long-term fire retardant that alters the flammability of forest fuels even after the water completely evaporates. Dropped from specialized air tankers, it lays down an impenetrable red barrier ahead of the flames, buying critical time for ground crews to contain the inferno. Paired with a massive, integrated network of over 150 airbase locations and specialized mixing equipment, Perimeter doesn't just sell the chemical—they ensure that when a fire strikes, the retardant is mixed, loaded, and in the air with zero room for failure.

Want more of Joep?

• ➡️ LinkedIn
• ➡️ Tresor Capital
• 🎧 Deep dive on TransMedics with Joep

Support the show

Try our all-in-one investing terminal!

Research. Track. Compound. Your complete fundamental toolkit.

1. A new company deep dive every 14 days!
2. Professional investing tools
3. Live company financials and KPIs
4. Exclusive TDI-member community
5. 24/7 live access to our personal portfolio's
6. All our buys & sells
7. And much more!

➡️ www.TDI-Terminal.com

You can also find us on:

• X ⁠@DutchInvestors⁠
• Substack ⁠@The Dutch Investors⁠
• Instagram ⁠@The Dutch Investors⁠

🎁 Proud partners of PDT. Save 15% on any PDT plan! 

🎁 Proud partners of Fiscal. Save 15% on any Fiscal.ai plan!

Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research. 

Most investors chase after what’s visible—the numbers on the chart, the market share, the growth rate. But what if what truly matters is hidden? Secrets that even the wealthiest can’t buy, no matter how deep their pockets. Rare, uncopyable qualities that create impenetrable moats around the business castles of tomorrow.

In part two of our deep dive into competitive advantages, we leave the easily measurable financial metrics behind to explore the four most elusive, bulletproof structures in the business world. These are the invisible forces that deep pockets cannot replicate, concluding with the single most powerful strategy that most analysts miss entirely.

Enjoyed the episode? Please leave us a 5-star review and help spread the word!

Support the show

Try our all-in-one investing terminal!

Research. Track. Compound. Your complete fundamental toolkit.

1. A new company deep dive every 14 days!
2. Professional investing tools
3. Live company financials and KPIs
4. Exclusive TDI-member community
5. 24/7 live access to our personal portfolio's
6. All our buys & sells
7. And much more!

➡️ www.TDI-Terminal.com

You can also find us on:

• X ⁠@DutchInvestors⁠
• Substack ⁠@The Dutch Investors⁠
• Instagram ⁠@The Dutch Investors⁠

🎁 Proud partners of PDT. Save 15% on any PDT plan! 

🎁 Proud partners of Fiscal. Save 15% on any Fiscal.ai plan!

Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research.