Offshore
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Brandon Beylo
RT @marketplunger1: One of my favorite Stanley Druckenmiller quotes.
“People always forget that 50% of a stock’s move is the overall market, 30% is the industry, and maybe 20% from stock picking.” https://t.co/A9NdU1Wsd2
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RT @marketplunger1: One of my favorite Stanley Druckenmiller quotes.
“People always forget that 50% of a stock’s move is the overall market, 30% is the industry, and maybe 20% from stock picking.” https://t.co/A9NdU1Wsd2
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Offshore
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Finding Compounders
How much luxury brands have spent on advertising from 2010 to 2023.
Not surprised that LVMH topped the list , but pretty surprised that Richemont came second . https://t.co/kfmbHYdy6i
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How much luxury brands have spent on advertising from 2010 to 2023.
Not surprised that LVMH topped the list , but pretty surprised that Richemont came second . https://t.co/kfmbHYdy6i
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Offshore
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Librarian Capital
Both British American Tobacco $BATS and Altria $MO now admit e-vapor is cannibalizing US cigarette sales
And, for 24H1, BAT's estimate of volume impact from "polyusage" is ~4%, compared to ~3% in 2023
FDA enforcement against illicits is a key dependency of both investment cases https://t.co/AnlbJjQk40
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Both British American Tobacco $BATS and Altria $MO now admit e-vapor is cannibalizing US cigarette sales
And, for 24H1, BAT's estimate of volume impact from "polyusage" is ~4%, compared to ~3% in 2023
FDA enforcement against illicits is a key dependency of both investment cases https://t.co/AnlbJjQk40
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Hidden Value Gems
Enjoyed 36 tips by @sama on life & business. Here is point 3 on How to succeed:
“pick the right thing to do (this is critical and usually ignored), focus, believe in yourself (especially when others tell you it’s not going to work), develop personal connections with people that will help you, learn to identify talented people, and work hard. It’s hard to identify what to work on because original thought is hard.”
h/t @joincolossus for highlighting it.
https://t.co/U8sAi31xOF
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Enjoyed 36 tips by @sama on life & business. Here is point 3 on How to succeed:
“pick the right thing to do (this is critical and usually ignored), focus, believe in yourself (especially when others tell you it’s not going to work), develop personal connections with people that will help you, learn to identify talented people, and work hard. It’s hard to identify what to work on because original thought is hard.”
h/t @joincolossus for highlighting it.
https://t.co/U8sAi31xOF
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Offshore
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Finding Compounders
Warren Buffett writes on what we can learn from his real estate investments https://t.co/yQPuPCBA6O
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Warren Buffett writes on what we can learn from his real estate investments https://t.co/yQPuPCBA6O
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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
tweet
Offshore
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Librarian Capital
When network effect matters less
"Targeted dating apps make match with mainstream rivals left on shelf" (FT) $MTCH
"Use of broad-based Tinder & Bumble, but not Hinge, has slipped"
Not sure what churn means in this context
Better matches = faster churn?
https://t.co/w6823wzvpm https://t.co/tuSFUIwgtF
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When network effect matters less
"Targeted dating apps make match with mainstream rivals left on shelf" (FT) $MTCH
"Use of broad-based Tinder & Bumble, but not Hinge, has slipped"
Not sure what churn means in this context
Better matches = faster churn?
https://t.co/w6823wzvpm https://t.co/tuSFUIwgtF
tweet