MercadoLibre, Inc. MELI

MercadoLibre looks like the rare platform that can mint cash, reinvest it at high returns and keep doing so for decades thanks to a sticky network of buyers, sellers and fintech users across a still-under-digitised continent. The flywheel is spinning faster—free cash flow up 7× in four years—yet the market still prices in plenty of risk from Latin America’s ever-present macro storms and a possible credit hiccup. For patient investors able to stomach volatility, MELI offers an above-average shot at long-term compounding, balanced by meaningful but knowable risks rather than existential threats.