In the last three years, Sea Limited ( SE ) was one of the businesses that clearly outperformed the S&P 500 and probably every index around the world. Following a steep decline in 2022 and the first halfMy analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large cap to smal ...