Crazy to think that $MELI with all the complications and challenges of scaling a business in Latin America probably has a better moat and less headwinds for growth than $SHOP for the foreseeable future (18-24 months), but it's probably true. The EM risk is highly unpredictable but I have more confidence that $MELI can handle the challenges of their environment than $SHOP can. I still like $SHOP but there's only so much you can do if demand slows and there's plenty of options to fulfill it. Maybe I'm just echoing the prevailing weekly wisdom here and it's overly affecting my thinking.
The Hippie Investor's avatar
Emerging Market
Reasonable Yield's avatar
With macro, LatAm looks great atm.
ThomasFJE's avatar
$MELI is a different breed.
Joshua Simka's avatar
What does EM risk mean?