2 days ago
4
Attiya Zainib
Thu, January 15, 2026 astatine 8:50 AM CST 3 min read
JB Global Capital, an concern firm, released its fourth-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. During Q4 2025, JB Global Capital reported an 8.9% decline, mostly driven by a crisp driblet successful Alibaba, its largest holding, portion planetary markets posted humble gains. Despite the quarter’s setback, the money delivered a beardown full-year instrumentality of 67.5% and stands astatine 108.9% since inception, outperforming large benchmarks. The missive explains that 2025 marketplace gains were heavy concentrated successful a tiny radical of mega-cap tech companies, which the money mostly avoids owed to valuation discipline. However, the managers stay focused connected fundamentals and judge this attack volition payment semipermanent show arsenic marketplace enactment shifts. Additionally, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.
Amazon.com, Inc. (NASDAQ:AMZN) is wide regarded arsenic 1 of the astir palmy businesses built successful the past 3 decades, having transformed planetary retail and repeatedly proven skeptics wrong. However, Amazon.com, Inc. (NASDAQ:AMZN) besides illustrates the hazard of overpaying for excellence. Investors who bought the banal astatine its 2000 highest waited astir a decennary to interruption even, and returns implicit the archetypal 15 years lagged Treasury bonds, contempt the company’s undeniable competitory advantages. The acquisition is clear: adjacent erstwhile the concern performs exceptionally well, introduction terms matters, and paying premium valuations tin inactive pb to years of underperformance. The one-month instrumentality of Amazon.com, Inc. (NASDAQ:AMZN) was astir +5.01%, and its shares gained astir 7.91% implicit the past 52 weeks. On January 14, 2026, Amazon.com, Inc. (NASDAQ:AMZN) banal closed astatine astir $236.71 per share, with a marketplace capitalization of astir $2.545 trillion.
JB Global Capital stated the pursuing regarding Amazon.com, Inc. (NASDAQ:AMZN) successful its 4th fourth 2025 capitalist letter:
"Amazon.com, Inc. (NASDAQ:AMZN) illustrates this dynamic perfectly. The institution is arguably the champion concern built successful the past 30 years, transforming retail, proving naysayers incorrect astatine each turn, and creating shareholder worth that exceeded adjacent the wildest bull cases from 1999. Yet if you bought Amazon astatine its 2000 peak, you had to hold astir a decennary conscionable to interruption even, and your returns implicit the archetypal 15 years underperformed Treasury bonds. The concern was excellent; the introduction terms was terrible. Everything the bulls said astir Amazon’s competitory advantages proved correct—and investors who overpaid inactive underperformed for years."
.png)
English (CA) · 
English (US) · 
Spanish (MX) ·