Offshore
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Finding Compounders
This is John Elkann
He is the chairman of Stellantis and CEO of Exor, which is a holding company , with controlling stakes in companies such as Ferrari, Iveco Group and Juventus FC
He gave a talk Bocconi University on why family businesses out perform the market.
Here are his reasons
1. Conservative Capital Structure
Family owned businesses tend to have little to no debt .
This is because family owners view themselves as custodians of the business who are taking care of the company for future generations.
They thus refrain from risky borrowing which can possibly destroy the company in tough economic climates
2. Diversification
Family businesses spend their time thinking on how to mitigate risk. They thus diversify their portfolios both geographically and through business interests.
This further allows them to not get wiped out during tough economic climates
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This is John Elkann
He is the chairman of Stellantis and CEO of Exor, which is a holding company , with controlling stakes in companies such as Ferrari, Iveco Group and Juventus FC
He gave a talk Bocconi University on why family businesses out perform the market.
Here are his reasons
1. Conservative Capital Structure
Family owned businesses tend to have little to no debt .
This is because family owners view themselves as custodians of the business who are taking care of the company for future generations.
They thus refrain from risky borrowing which can possibly destroy the company in tough economic climates
2. Diversification
Family businesses spend their time thinking on how to mitigate risk. They thus diversify their portfolios both geographically and through business interests.
This further allows them to not get wiped out during tough economic climates
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Offshore
Photo
Finding Compounders
Warren Buffett dunking on Beta and also explaining Margin of safety during his speech at Columbia University in 1984. https://t.co/sBfxZrIueI
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Warren Buffett dunking on Beta and also explaining Margin of safety during his speech at Columbia University in 1984. https://t.co/sBfxZrIueI
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Offshore
Photo
Finding Compounders
Great piece on Why Stock Prices Have Risen by John Templeton
“The trend of business is only one influence on stock prices”
“ You will find that stock prices have gone in the opposite direction from industrial production more frequently than they have gone in the same direction.”
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Great piece on Why Stock Prices Have Risen by John Templeton
“The trend of business is only one influence on stock prices”
“ You will find that stock prices have gone in the opposite direction from industrial production more frequently than they have gone in the same direction.”
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Offshore
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Investing visuals
After being a $MSFT shareholder for years, I recently decided to close my position. I shared my reasoning behind this with the X-subscriber group.
Still think it’s a great company, just not my top pick right now. I'd still prefer $MSFT over $GOOGL or $AMZN though👇 https://t.co/xUcZW30B7F
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After being a $MSFT shareholder for years, I recently decided to close my position. I shared my reasoning behind this with the X-subscriber group.
Still think it’s a great company, just not my top pick right now. I'd still prefer $MSFT over $GOOGL or $AMZN though👇 https://t.co/xUcZW30B7F
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Offshore
Photo
Finding Compounders
The biggest mistakes real estate investors make
By John T Reed https://t.co/zz0pWqpTg1
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The biggest mistakes real estate investors make
By John T Reed https://t.co/zz0pWqpTg1
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Offshore
Video
Startup Archive
Steve Jobs on how to build a great brand
After re-joining Apple in 1996, Steve Jobs announced the “Think different” campaign with the following statement:
“To me, marketing is about values. This is a very complicated and noisy world. We’re not going to get a chance to get people to remember much about us. No company is. So we have to be really clear on what we want them to know about us.”
He cites Nike as one of the greatest jobs of marketing the universe has ever seen:
“Remember, Nike sells a commodity—they sell shoes! And yet when you think of Nike, you feel something different than a shoe company. In their ads, they don’t ever talk about the product. They don’t ever tell you about their air soles and why they are better than Reebok’s air soles. What does Nike do in their advertising? They honor great athletes, and they honor great athletics. That’s who they are, that’s what they are about.”
Jobs goes on to explain how the Apple team arrived at the “Think Different” campaign:
“Our customers want to know who is Apple and what is it that we stand for. Where do we fit in this world? What we’re about isn’t making boxes for people to get their jobs done—although we do that well. We do that better than almost anybody, in some cases. But Apple is about something more than that. Apple at the core—its core value—is that we believe people with passion can change the world for the better… And that those people who are crazy enough to think that they can change the world are the ones who actually do.”
He continues:
“And so, what we’re going to do in our first brand marketing campaign in several years is to get back to that core value. A lot of things have changed. The market is in a totally different place than it was a decade ago, and Apple is totally different… the products and the distribution strategy and the manufacturing are totally different. And we understand that. But values and core values—those things shouldn’t change. The things that Apple believed in, at its core, are the same things that Apple really stands for today.”
Apple’s “Think Different” campaign was designed to honor those people who have changed the world. And as Jobs so eloquently put it:
“Some of them are living. Some of them are not. But the ones that aren’t, you’ll know that if they ever used a computer, it would’ve been a Mac. The theme of the campaign is ‘Think Different.’ It’s honoring the people who think different and who move this world forward. And it is what we are about. It touches the soul of this company.”
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Steve Jobs on how to build a great brand
After re-joining Apple in 1996, Steve Jobs announced the “Think different” campaign with the following statement:
“To me, marketing is about values. This is a very complicated and noisy world. We’re not going to get a chance to get people to remember much about us. No company is. So we have to be really clear on what we want them to know about us.”
He cites Nike as one of the greatest jobs of marketing the universe has ever seen:
“Remember, Nike sells a commodity—they sell shoes! And yet when you think of Nike, you feel something different than a shoe company. In their ads, they don’t ever talk about the product. They don’t ever tell you about their air soles and why they are better than Reebok’s air soles. What does Nike do in their advertising? They honor great athletes, and they honor great athletics. That’s who they are, that’s what they are about.”
Jobs goes on to explain how the Apple team arrived at the “Think Different” campaign:
“Our customers want to know who is Apple and what is it that we stand for. Where do we fit in this world? What we’re about isn’t making boxes for people to get their jobs done—although we do that well. We do that better than almost anybody, in some cases. But Apple is about something more than that. Apple at the core—its core value—is that we believe people with passion can change the world for the better… And that those people who are crazy enough to think that they can change the world are the ones who actually do.”
He continues:
“And so, what we’re going to do in our first brand marketing campaign in several years is to get back to that core value. A lot of things have changed. The market is in a totally different place than it was a decade ago, and Apple is totally different… the products and the distribution strategy and the manufacturing are totally different. And we understand that. But values and core values—those things shouldn’t change. The things that Apple believed in, at its core, are the same things that Apple really stands for today.”
Apple’s “Think Different” campaign was designed to honor those people who have changed the world. And as Jobs so eloquently put it:
“Some of them are living. Some of them are not. But the ones that aren’t, you’ll know that if they ever used a computer, it would’ve been a Mac. The theme of the campaign is ‘Think Different.’ It’s honoring the people who think different and who move this world forward. And it is what we are about. It touches the soul of this company.”
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Offshore
Photo
Finding Compounders
Warren Buffett’s letter to Congressman John Dingwell warning against derivatives in 1982.
“We do not need more people gambling in nonessential instruments identified with the stock market in this country, nor brokers who encourage them to do so.” https://t.co/uggDvgWItb
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Warren Buffett’s letter to Congressman John Dingwell warning against derivatives in 1982.
“We do not need more people gambling in nonessential instruments identified with the stock market in this country, nor brokers who encourage them to do so.” https://t.co/uggDvgWItb
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