NASDAQ:MELI

So anyway, I've got 700 pound in my global index fund and 50 pound in six individual stocks.

But what stocks would I include? The first 50 pound would go into Mercado Libre, ticker symbol MELI.

It's a company we've owned for years, remains one of the best businesses in our portfolios, all at a valuation that still looks pretty attractive.

Mercado Libre operates a dominant e-commerce ecosystem across much of Latin America.

You still need a lot of data, though, to figure out who to lend to and not.

And one of the reasons why MELI's able to do this at scale is because they have a lot of information on a lot of buyers, uh, across the entire continent, basically.

Because when you're buying stuff on MELI, that provides them proprietary data, and they actually use this, uh, data in their lending model to say that if someone's buying, you know, supplements, it turns out they're less of a, a lending risk than if it's someone who's buying, um, I don't know, potato chips or whatever like that.

And so all of these, these data points go into their model.

Are there gonna be other competitors, people try to do this eventually? Sure, sure, sure.

It sounds like you're parroting some great investor relation points about this loan book.

That...

it just almost sounds like you're MELI's management on some of this.

39 to 7? 39 to 7.

MELI up 7.3 to 1909.

FICO at 1161.

TEMALNY.

the whole lesson today.

Every time.

So keep NOW, MELI, and PAAS on your radar for those levels.

Watch that 20-day breath number right at the open and we'll debrief tomorrow.

Michael Burry updated portfolio.

Um, you know, he's long MELI now, Mercado Libre.

That's new.

And, uh, this guy wants to show what he's short, which was great.