MSCI - MSCI Inc.

Christophe holds a 15% position. He bought the dip at $500 (from $600) in February, the same day the CEO bought. He believes MSCI will 'print cash' with a new AI question-based monetization model and that AI is not a threat. The stock just hit a 52-week high and he believes it can continue.

Increased position from 12-13% to 15% of portfolio. Revenue is reaccelerating from 10% to 13-14% growth. Asset-light business with capex declining as % of operating cash flow (from 13% to ~8-10%). Operating margins at all-time highs. Well-positioned as an AI beneficiary working with LLMs. Expects ~15% annual growth over 3-5 years.

Presenter's biggest conviction. Revenue reaccelerating (14% total, 17% index segment) while Wall Street expects deceleration to 10-11%. Q2 2026 expected to show massive growth due to $100B cash inflows in Q1 and S&P 500 rally of ~17% in Q2. New growth drivers from AI-powered products and consumption-based monetization. DCF shows 35-47% undervaluation with fair value above $800. CEO consistently buying the dip. Company doing largest buyback since 2018 (5% of shares in 2025).

Very bullish for the long term. Revenue reaccelerating to 14%, operating margins at all-time highs of 55%, massive buybacks. Asset-light compounder. Believes this is the early cycle of a new mega bull market for MSCI.

Li Lu opened a small investigation position. Forward P/E of 28. Less cyclical than Moody's and S&P Global. Revenue growing 14-15%, benefiting from index inflows and AI implementation. Host is a proud shareholder. Stock is rebounding more than peers due to faster growth.

Christophe sized up his MSCI position meaningfully when the stock was down at the beginning of the year. It has since completely rebounded with a spectacular earnings report showing revenue up, margins up, earnings up, and free cash flow up. He sees it as an AI beneficiary without speculation—an asset-light business linked to indexes and analytics.

Burry increased his holdings in MSCI, but the host is less convinced. He notes MSCI is selling for 30 times free cash flow and 30 times earnings, and his stock analyzer shows a middle price of $471 below the current price of $580. He states 'I don't see what Burry sees' unless Burry is making very different growth assumptions.

Cited as an example of a high-quality compounder with a simple business model - asset light, double-digit growth, easy to forecast free cash flow. Presented as the type of company that fits his investment framework well.

Presenter is a shareholder. MSCI is performing well but showing less efficiency improvement than S&P Global and Moody's. Index segment growth is similar but margins not expanding as strongly

The host is a significant shareholder (13% of his portfolio) and expresses strong conviction. He highlights revenue reacceleration to 14%, record capital inflows, expanding margins driven by AI efficiency, a strong buyback program, and an asset-light business model. He believes the 5% post-earnings pop was justified and sees further upside if markets recover.