Investing

TDM Market Memo 2023

As in previous years, Tom Cowan and Andy Simon have been furiously working behind the scenes to produce our annual memo to…

‘What do we have to believe from here?’ Our follow up memo, 12 months on…

Square’s Acquisition of TIDAL: Shake Your Money Maker

In Jack We Trust

Medical Devices — what does great look like?

One of the frameworks we use at TDM is what we call “ Good, Better, Best” and…

‘What we need to believe’ for an investment thesis — a case study on Peloton

What do we have to believe from here?

A bottom-up approach to a top-down problem of market valuations

What makes great Investor Relations?

At TDM we often reflect that the difference between a good and a poor investor relations effort…

Network Effects — TDM style

As long term investors, with no constraint of having a fund life, we view ourselves as business owners and…

What Makes A Great Non-Executive Director?

One of the greatest lessons we have learned over our investing careers is the power…