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
tweet
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
Photo
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
Offshore
Video
Finding Compounders
The late Jim Simons shreds through the Efficient Market Theory https://t.co/komIeF8mCG
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The late Jim Simons shreds through the Efficient Market Theory https://t.co/komIeF8mCG
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Offshore
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Hidden Value Gems
Hard to keep business owner mindset when the industry is selling all kind of stuff.
There are now twice as many mutual funds as there are common stocks in the US.
h/t @charliebilello https://t.co/JIQfKqB3LE
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Hard to keep business owner mindset when the industry is selling all kind of stuff.
There are now twice as many mutual funds as there are common stocks in the US.
h/t @charliebilello https://t.co/JIQfKqB3LE
tweet