What Makes Mercado Libre (MELI) a Classic Survivor & Thriver Business?

JDP Capital Management, an investment management company, released its “Survivor & Thriver Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund declined 15.1% net to investors compared to the S&P 500’s -4.3% return. Concerns about AI destruction fears and consumer softness impacted market sentiment in […]