Should You Hold Adyen N.V. (ADYEY)?

Lakehouse Capital, a Sydney-based investment manager, released its “Lakehouse Global Growth Fund” August 2023 investor letter. A copy of the same can be downloaded here. August was a relatively busy month for the Fund and persisted the portfolio’s strong fundamental performance and operating leverage. The Fund returned -0.7% net of fees and expenses for the month compared to 1.1% for its benchmark, MSCI All Country World Index Net Total Returns (AUD). In addition, please check the...