Hims and Hers Health (NYSE: HIMS) is an incredibly attractive opportunity driven by fundamental performance, even after the recent outperformance in shares. I think the stock is a very plausible 10-bagger over the next decade, if not sooner.

In the below article, I discussed the telehealth company's performance, competitive positioning, strategy/vision, management alignment, future outlook, financial model, and forward stock expectations. I put a lot of work into this so I hope you enjoy, and let me know if you have any questions or feedback.

As much as investors focus on their returns, those within the first decade or two of their accumulation phase would be wiser to focus on living within their means and saving/investing judiciously. Charlie Munger famously illustrated the importance of having one's assets snowball when he said, “The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do – if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit.”

So Commonstock, how much do you save relative to where you are in your journey?

Hi all! I published my first Substack post this morning, a deep dive into Twilio.

"I believe Twilio is a high-quality business that offers a large short-term dislocation and a long-term opportunity at current prices. While the market was only concerned with revenue growth in 2020-2021 and GAAP profits/dilution now, what ultimately drives long-run stock prices is free cash flow per share, of which the company is poised to produce in spades for many years."

Here are some highlights:

Despite the stock price being in an extended tailspin, this is a business that is continuing to get stronger and is likely to produce exceptional returns for shareholders. I am long $TWLO and added to my position on today's weakness.

Please give this a read and consider subscribing if you like it!

Only two things matter for stock performance, all else equal: a company's returns on incremental capital and how long they can reinvest at these elevated rates. Everything else is noise. I think about this a lot.

First post on Commonstock! Here to learn and share ideas/research with the community.