Shawn O'Malley explains that his portfolio has delivered over 10% returns year-to-date by concentrating on durable, high-conviction businesses like Alphabet, Uber, and Adobe, while avoiding speculative bets. He favors consumer-facing tech firms where user experience informs investment theses, and sees lasting value in strong retail brands like Nike and Lululemon despite sector challenges. Nike’s global brand strength and potential turnaround make it a compelling holding, even after years of underperformance. Among current opportunities, Ferrari stands out for its pricing power and consistent growth, while Adobe is seen as deeply undervalued due to misplaced AI fears—its recurring revenue model and integration of AI tools like Firefly reinforce its competitive edge. Shawn estimates Adobe's intrinsic value well above $500 per share. His research process emphasizes clarity through writing, leveraging AI and public data, and sharing ideas publicly to refine understanding and build accountability.