I had a hold rating for Thomson Reuters (NASDAQ: TRI ) previously, as I thought the valuation was too rich to justify a buy rating despite the attractive long-term outlook. My view remains unchanged after 2Q25. While results were solid, competitive I'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 compe ...