Dorsey Asset Management (Pat Dorsey) (cik: 0001671657)

Dorsey Asset Management investment philosophy consists only of businesses with economic moats, such as high switching costs, network effects, and scale advantages that insulate high-returning companies from competition. Truly great businesses are few and far between, so Dorsey spend its time looking for opportunities in rich and ripe markets, rather than in slow and stagnate ones. The company’s ideal investment combines three elements: a competitive advantage to insulate the business from competition, reinvestment opportunities to generate value-accretive growth, and superior capital allocation to ensure that shareholders enjoy the fruits of increasing business value.