Tomorrow we're releasing a podcast episode explaining why we own Alphabet $GOOG in our Arch Capital Investors Fund.

In short, we think it's perhaps the most durable digital business in the world as evidenced by its passing of multiple "Moat Tests" and has ample ways to drive further revenue growth from here. Look forward to sharing it with you all here: https://open.spotify.com/show/4SBtOWGEOmD9pmltgIXO8r?si=e2ecab56a00242ca

And in honor of the show, here's a throwback to their S-1. Perhaps the most impressive S-1 of all time.