I give a buy rating for Coupang, Inc. (NYSE: CPNG ), as CPNG has built a very strong moat around its business in South Korea, enabling it to capture a larger share of consumers’ wallets and kick-start aI’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, unit economics, reinvestment runwa ...