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Why I own Visa & Mastercard
History will rhyme
Jul 27
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Ali Gündüz
22
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Evolution's Q2 2026
What has happened and what may happen
Jul 17
•
Ali Gündüz
28
1
Philip Morris: An Owner's Review
PMI in a few charts
Jun 3
•
Ali Gündüz
12
4
Evolution's Q1 2026
Surging recovery at lower returns
Apr 27
•
Ali Gündüz
38
2
1
Evolution's 2025
A Year in Decline
Feb 11
•
Ali Gündüz
42
16
2
Evolution and the Doom of Playing It Safe
Why becoming "a little bit better every day" does not always work
Feb 2
•
Ali Gündüz
40
1
Evolution's Q3 2025: Quarter in Review
End of the beginning
Oct 28, 2025
•
Ali Gündüz
37
7
Evolution's Q2 2025: Quarter in Review
Company of two halves
Jul 28, 2025
•
Ali Gündüz
40
6
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