Worldly Partners Letters & Research Archive

Worldly Partners is a research-intensive, ultra-concentrated investment partnership founded by Arvind Navaratnam in 2020 near Boston, applying a Munger-style multi-decade approach. It is known for deep business-history studies of long-term compounders like IKEA, Mars, and TSMC.

5 pieces · 2026–2026 · updated every Monday

2026

09-01Home DepotThis analysis explains why Home Depot (HD) has been so profitable. The author is bullish, crediting its 'three-legged stool' model: low prices, wide selection, and great service that reinforce each ot…→06-01DisneyThis report explains why Disney has been a long-term winner. The key isn't just making great movies—it's moving beloved characters (like Mickey Mouse and Marvel heroes) into new platforms, from theate…→05-01VanguardThis report explains why Vanguard is unique and why its 'buy and hold the index' strategy works for regular people. Most fund managers charge high fees but fail to beat the market. Vanguard's low-cost…→04-01FerrariThis report shows that Ferrari isn't just a fast car—it's been a money-making machine for over 50 years. Since Fiat bought half of it for $6.9 million in 1969, the company's value has grown to over $6…→02-01Formula OneThis report looks at Formula One as a business, not just a sport. It argues F1 is a rare asset with strong pricing power and steady growth, thanks to its huge, young, and fast-growing fan base. The ke…→