Glossary
Mar 21, 2025
Clear explanations, formulas, and sources for key investing terms — designed to help early investors build true financial insight.
Recursive Gains
Discover the signals that matter. At Recursive Gains, we break down businesses from first principles, track red flags, and compound clarity — not confusion.
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About Us
Mar 20, 2025
Recursive Gains is a research-first investing blog for tech-savvy early investors focused on Indonesia, India, and the US. We combine first principles thinking, recursive analysis, and storytelling + data + judgment to uncover businesses that endure. Our goal is to break down companies from the ground up, spot the feedback loops that power real compounding, and track red flags others ignore We don’t chase trends. We build clarity.
Bank Central Asia (BCA) - 2014 - Steady bank in shaky times
Mar 1, 2015
Despite macroeconomic headwinds and a historic political shift, BCA posted a net income of Rp 16.5 trillion (+15.8% YoY) in 2014, proving its resilience and operational discipline.