Ramneek
RT @JerryCap: "A dreamy business has four characteristics. Customers love it, it can grow to very large
size, it has strong returns on capital, and it’s durable in time – with the potential to endure for decades. When you
find one of these, don’t just swipe right, get married." #NeverSell https://t.co/b2jQWuRpbP https://t.co/zq2qjNBdar
AWS's 2022 capex will be more than $30B!! https://t.co/qmAuQw2AxX - Durable Investments
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⁠Librarian Capital
Nick Train on AG Barr $BAG (~4% of $LTIT)

Returned +2.5% p.a. since 2014
But ~13% p.a. since 2021 entry vs. NASDAQ ~10%

"Might outperform the currently frothy NASDAQ again for a period of time"

LTIT has gained +2.3% p.a. L5Y, but +15.1% p.a. L10Y

#NeverSell? https://t.co/vzA7pXifYb
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⁠Librarian Capital
Rémy Cointreau $RCO at €214 at 2021YE
This gave market cap. of ~€11bn

Recurring Net Profit:
FY21 (ending 31-Mar): €144.6m
FY22 : €228.1m
FY23: €296.6m (record, arguably bubble)
FY24: €194.8m (€136.7m ex. temp. savings)

2021YE share price = 37x FY23 earnings
#neversell https://t.co/rsCju0nui4
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⁠Librarian Capital
Diageo $DGE has been long-time holding at Lindsell Train; also at Fundsmith until they sold in Aug-24

During COVID, EPS c. halved in FY20, before rebounding from FY21 onwards

EPS was 130.1p in FY19, peaked at 164.4p in FY23
Shares at 4,036p at 2021YE, 31x FY19 EPS

#NeverSell? https://t.co/7nR7kseniG
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