⁠Librarian Capital
Spirits: Top 20 Ready-to-Drink brands globally in 2023

White Claw is #1 and more than 2x volume of #2
However, it shrunk and lost share in 2023

Most of the 20 are owned by Spirits incumbents
Suntory and Brown-Forman $BF.B over-represented

cc $DGE
(Source: The Spirits Business) https://t.co/VjJv1tS6i2
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⁠Alex Bilzerian
RT @mhartl: @alexbilz This reminds me of Bertrand Russell’s decision not to commit suicide because he wanted to learn more mathematics. https://t.co/wYAC2wg4c7 https://t.co/m7old4AvRj
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⁠Librarian Capital
Fundsmith exited Kone $KNEBV in Aug-22. Down -0.8% in Aug, vs. MSCI World +0.2% (in £); down -12.4% YTD, vs. MSCI World -4.3%. Top 10largely unchanged, w/ $WAT & $SKY (were #9 & 10) leaving, replaced by $ADP (#6) & $PEP (#10) (both top 5 contributors in Aug). 1.1% cash (was 0.7%) https://t.co/PsV2dFJv51
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⁠Capital Employed
RT @capitalemployed: 39 stock pitches we’ve enjoyed reading in the past two weeks… 👇

(Plenty of ideas to get stuck into).

https://t.co/p3VsAtGu7t https://t.co/pT4hes7Ays
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⁠Capital Employed
A great write-up on an Italian small cap by @mavix_leon

$PWS – Powersoft SpA 🇮🇹

Provides a range of products, such as power amplifiers, speaker's electronics and audio software. 🔻

https://t.co/ppHRYvK2De
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⁠Hidden Value Gems
RT @HiddenValueGems: What is your take on China's market?
- A short-term rally
- 1+ year long recovery
- Don't know,still learning
- China is 'uninvestable'
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⁠Alex Bilzerian
How else would science work?

@datarade Physical theories always being provisional and subject to revision based on new empirical data is a good thing! - Alex Bilzerian
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⁠Alex Bilzerian
RT @markham: When you send the text to the person the text is about (cc @phlaimeaux)

A VC firm I had a Zoom meeting with used Otter AI to record the call, and after the meeting, it automatically emailed me the transcript, including hours of their private conversations afterward, where they discussed intimate, confidential details about their business. - Alex Bilzerian
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⁠Alex Bilzerian
RT @nntaleb: @alexbilz @EGHaug @alexbilz https://t.co/F7hvCThXOp
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