Mar. 30 at 2:33 AM
$MELI — More Than Ecommerce
When Buffett bought BNSF, he wasn’t buying trains—he was buying irreplaceable infrastructure. The same with
$AMZN: the real moat isn’t retail, it’s logistics, fulfillment, and habitual consumer behavior.
$MELI is similar for Latin America. For
$80B, you get retail, logistics, payments, credit, and ingrained user habits—people don’t think, they just use it.
This isn’t a normal ecommerce play. It’s a regional infrastructure flywheel. Rebuilding it today? Years of work, massive capital, perfect coordination. Price vs. value? Extremely attractive.
