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Dimitry Nakhla | Babylon Capital®
A perfect example of market neglect $BKNG ✈️
In hindsight, the conclusion may seem clear, but a closer examination of the facts I presented at the time will show it was equally apparent then📈 https://t.co/v5w270ojIc
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A perfect example of market neglect $BKNG ✈️
In hindsight, the conclusion may seem clear, but a closer examination of the facts I presented at the time will show it was equally apparent then📈 https://t.co/v5w270ojIc
7 Reasons WHY $BKNG (Booking Holdings) Should Be On Your Watchlist 💸
1️⃣ $BKNG has grown revenue for 19 out of the last 20 years
2️⃣ $BKNG has increased earnings per share (EPS) for 19 out of the last 20 years
3️⃣ Strong & consistent ROIC (drop in 2020 due to global restrictions)
4️⃣ Opportunity for growth in operating and net income margins
5️⃣ A fortress balance sheet with $16.33B in cash & $13.36B in long term debt
6️⃣ Aggressive share buybacks (33% decrease in shares outstanding since 2013 leading to a 50% boost in EPS)
7️⃣ $BKNG recently initiated a $35.00 per share dividend that will likely grow at an attractive rate (8% - 11%)
#stocks #investing tweet
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Hidden Value Gems
My latest weekly Investment Notes are out.
1⃣I have reviewed Ten Commandments for Business Failure - a great book by Don Keough, Buffett's friend, fmr president of Coca-Cola and BRK board member.
2⃣Also shared the latest interview by Li Lu where he talked about Charlie Munger, Elon Musk, BYD and, of course, value investing.
3⃣ Seven most interesting charts that caught my eye this week.
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My latest weekly Investment Notes are out.
1⃣I have reviewed Ten Commandments for Business Failure - a great book by Don Keough, Buffett's friend, fmr president of Coca-Cola and BRK board member.
2⃣Also shared the latest interview by Li Lu where he talked about Charlie Munger, Elon Musk, BYD and, of course, value investing.
3⃣ Seven most interesting charts that caught my eye this week.
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Investing visuals
NuBank $NU total customer growth over the past years. Steady as a drum!🥁 https://t.co/G0waj8ojcZ
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NuBank $NU total customer growth over the past years. Steady as a drum!🥁 https://t.co/G0waj8ojcZ
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Stock Analysis Compilation
THB AM on Munters Group $MTRS SS
Thesis: Munters is accelerating growth through innovative climate control solutions tailored to data centers and high-performance computing demands
(Extract from their Q3 letter) https://t.co/RggyJVtnyU
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THB AM on Munters Group $MTRS SS
Thesis: Munters is accelerating growth through innovative climate control solutions tailored to data centers and high-performance computing demands
(Extract from their Q3 letter) https://t.co/RggyJVtnyU
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Startup Archive
Jony Ive: "I believe we sense when there's care taken with a product”
In the clip below, Jony shares that one of the things he has come to feel really strongly is that customers can sense when care has been taken with a product:
“I can’t articulate why, but I believe we sense when there’s been care taken with a product. Just in the same way we sense carelessness.”
Jony believes that most of our manufactured environment today sadly testifies to a degree of carelessness:
“It testifies to: get it built fast, make it cheap, make it look different. There’s just that sort of carelessness. And I just think it’s one of the things that we can strive to do for humanity, and it’s a way that we can serve: is to take care.”
This philosophy may have been instilled by Steve Jobs. In Walter Isaacson’s biography of Jobs, there’s a story of the time Jobs insisted that every element of the Macintosh computer be beautiful—down to the circuit boards inside: “Look at the memory chips. That’s ugly. The lines are too close together.”
When the computer was finally perfected, Jobs had the engineers’ names engraved inside each one. “Real artists sign their work,” he told them.
Isaacson comments:
“No one would ever see them, but the members of the team knew that their signatures were inside, just as they knew that the circuit board was laid out as elegantly as possible.”
Video source: @VanityFair (2014)
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Jony Ive: "I believe we sense when there's care taken with a product”
In the clip below, Jony shares that one of the things he has come to feel really strongly is that customers can sense when care has been taken with a product:
“I can’t articulate why, but I believe we sense when there’s been care taken with a product. Just in the same way we sense carelessness.”
Jony believes that most of our manufactured environment today sadly testifies to a degree of carelessness:
“It testifies to: get it built fast, make it cheap, make it look different. There’s just that sort of carelessness. And I just think it’s one of the things that we can strive to do for humanity, and it’s a way that we can serve: is to take care.”
This philosophy may have been instilled by Steve Jobs. In Walter Isaacson’s biography of Jobs, there’s a story of the time Jobs insisted that every element of the Macintosh computer be beautiful—down to the circuit boards inside: “Look at the memory chips. That’s ugly. The lines are too close together.”
When the computer was finally perfected, Jobs had the engineers’ names engraved inside each one. “Real artists sign their work,” he told them.
Isaacson comments:
“No one would ever see them, but the members of the team knew that their signatures were inside, just as they knew that the circuit board was laid out as elegantly as possible.”
Video source: @VanityFair (2014)
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Stock Analysis Compilation
Polen Capital on Apple $AAPL US
Thesis: Apple’s new AI-driven product cycle and enhanced iPhone features position it for renewed growth and strong returns
(Extract from their Q3 letter) https://t.co/fHZgMGsGAp
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Polen Capital on Apple $AAPL US
Thesis: Apple’s new AI-driven product cycle and enhanced iPhone features position it for renewed growth and strong returns
(Extract from their Q3 letter) https://t.co/fHZgMGsGAp
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Startup Archive
RT @foundertribune: Steve Jobs and Storytelling by @tfadell https://t.co/SRoPFSyTtb
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RT @foundertribune: Steve Jobs and Storytelling by @tfadell https://t.co/SRoPFSyTtb
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Startup Archive
Tony Fadell on Steve Jobs and storytelling:
"I remember sitting in the stands watching Steve Jobs tell the world about the iPhone in 2007. [...] It never felt like a speech. It felt like a conversation. Like a story.
And the reason is simple: Steve didn’t just read a script for the presentation. He’d been telling a version of that same story every single day for months and months during development—to us, to his friends, his family. He was constantly working on it, refining it. Every time he’d get a puzzled look or a request for clarification from his unwitting early audience, he’d sand it down, tweak it slightly, until it was perfectly polished.
It was the story of the product. And it drove what we built."
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Tony Fadell on Steve Jobs and storytelling:
"I remember sitting in the stands watching Steve Jobs tell the world about the iPhone in 2007. [...] It never felt like a speech. It felt like a conversation. Like a story.
And the reason is simple: Steve didn’t just read a script for the presentation. He’d been telling a version of that same story every single day for months and months during development—to us, to his friends, his family. He was constantly working on it, refining it. Every time he’d get a puzzled look or a request for clarification from his unwitting early audience, he’d sand it down, tweak it slightly, until it was perfectly polished.
It was the story of the product. And it drove what we built."
Steve Jobs and Storytelling by @tfadell https://t.co/SRoPFSyTtb tweet
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Stock Analysis Compilation
Loomis Sayles on Oracle $ORCL US
Thesis: Oracle leverages its strong market position and competitive advantages to capitalize on the growth of cloud-based solutions and enterprise software
(Extract from their Q3 letter) https://t.co/sfktdcsgsK
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Loomis Sayles on Oracle $ORCL US
Thesis: Oracle leverages its strong market position and competitive advantages to capitalize on the growth of cloud-based solutions and enterprise software
(Extract from their Q3 letter) https://t.co/sfktdcsgsK
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Startup Archive
Instagram founder Kevin Systrom: “most successful things are pivots”
Tim Ferriss observes:
“In some aspects, there’s a fetishizing of perseverance… And yet, if you look at a lot of the largest public successes, many of them had some type of pivot or shutting down of something that wasn’t working.”
He asks Kevin—who famously pivoted a failed check-in app into Instagram—how do you know when it’s the right time to stop?
Kevin posits that most successful companies are pivots. He points out that YouTube started out as a dating site.
And there are plenty of other examples. Slack started out as a gaming company called Tiny Speck. Twitter started out as a podcasting app called Odeo. Twitch started out as JustinTV, oblivious to gaming streamers. The Discord founding team's first product was Fates Forever, a MOBA game on mobile platforms that failed.
Kevin suggests that most first products fail because it's really hard to tell what's going to work before you put it in people's hands. He argues:
"The key to entrepreneurship is failing really quickly: putting it out there, seeing if it works. If it doesn't, diagnosing why. And then focusing on how to improve it from there... Most of the time you get it wrong. So the question is: knowing you're going to get it wrong, how equipped are you to deal with that failure really quickly before you run out of money?"
He continues:
"The entrepreneurs that I've seen do really well are the ones that are equipped and engaged on the change from something that's not working to something that is. Far too many people--because of ego or whatever--stick with ideas for far too long, and it ends up going really poorly."
Video source: @tferriss (2019)
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Instagram founder Kevin Systrom: “most successful things are pivots”
Tim Ferriss observes:
“In some aspects, there’s a fetishizing of perseverance… And yet, if you look at a lot of the largest public successes, many of them had some type of pivot or shutting down of something that wasn’t working.”
He asks Kevin—who famously pivoted a failed check-in app into Instagram—how do you know when it’s the right time to stop?
Kevin posits that most successful companies are pivots. He points out that YouTube started out as a dating site.
And there are plenty of other examples. Slack started out as a gaming company called Tiny Speck. Twitter started out as a podcasting app called Odeo. Twitch started out as JustinTV, oblivious to gaming streamers. The Discord founding team's first product was Fates Forever, a MOBA game on mobile platforms that failed.
Kevin suggests that most first products fail because it's really hard to tell what's going to work before you put it in people's hands. He argues:
"The key to entrepreneurship is failing really quickly: putting it out there, seeing if it works. If it doesn't, diagnosing why. And then focusing on how to improve it from there... Most of the time you get it wrong. So the question is: knowing you're going to get it wrong, how equipped are you to deal with that failure really quickly before you run out of money?"
He continues:
"The entrepreneurs that I've seen do really well are the ones that are equipped and engaged on the change from something that's not working to something that is. Far too many people--because of ego or whatever--stick with ideas for far too long, and it ends up going really poorly."
Video source: @tferriss (2019)
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