This is my first cover of Duolingo (NASDAQ: DUOL ). In the article, I will describe its business and how I believe AI will influence its future. Based on that, I will try to provide a reasonable valuation and try to justify why II first entered investing in 2016 as an individual value investor. In 2022, I established the investment firm Libra Capital. I mostly write articles as part of my deep research into a company before I make an investment, whether long or short. For me, a ''hold'' article means don't ...