Capitalist Letters

Capitalist Letters

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Capitalist Letters
Capitalist Letters
DLocal: High Quality Growth At 30% Discount To Fair Value!

DLocal: High Quality Growth At 30% Discount To Fair Value!

Stellar business, stellar growth yet abysmal stock performance. The market remains overly pessimistic despite the signs of progress which creates a big opportunity for investors.

Oguz Erkan's avatar
Oguz Erkan
Jun 22, 2025
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Capitalist Letters
Capitalist Letters
DLocal: High Quality Growth At 30% Discount To Fair Value!
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The best businesses are those that are both inflation and recession-proof.

These businesses may experience successive cycles of rapid and slow growth. Some years they grow 20%, others they grow 6%, but they grow regularly over the long term.

Those businesses have a high likelihood of turning into so-called “compounders.”

Do they really exist? They do.

Take…

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