Podcast interview with Cold Brew Money
In this podcast, we go over the following: Deep Value vs. Quality GrowthFundamental Analysis for Growth Companies – customer satisfaction, employee satisfaction, retention rates, founder-led, TwitterMental Models – Circle of…
The Third Great Era of Software
Building software has become a lot easier with the software supply chain maturing. Companies are now able to take off-the-shelf building blocks and focus all their resources on developing their…
Dollar General Business Breakdown
Dollar General is a well-managed company whose business model has shown to be resilient against economic downturns and the threat of e-commerce. In this COVID-19 environment, the company has delivered…
Are Earnings Accretive Acquisitions Good?
It does not matter whether earnings is accretive post-acquisition. In other words, whether the EPS does up, down or sideways in the short-term does not matter.
Why I Own Disney Shares
The happiest place on earth. It is near impossible to replicate Disney’s share of mind even if you have all the money in the world.
The Disney name is well-known to…
Year 2020 In Perspective
Despite the backdrop of COVID-19, the year 2020 has been good to me. Writing online made me a better learner and allowed me to meet people smarter than me from…
Terry Smith on Accelerated Share Repurchases
There is only one combination of facts that makes it advisable for a company to repurchase its shares: First, the company has available funds — cash plus sensible borrowing capacity…
Why Did Bill Ackman Buy into Hilton?
Hilton first got my attention earlier this year when Ackman doubled down. This was after his incredible timing (both with buying and selling) with his hedge, profiting over $2b (on…
How Return on Invested Capital and Growth Creates Value
Value is driven by 3 things: growth, return on invested capital (ROIC), and the cost of capital (COC).
Domino’s Pizza: How to Better Understand Restaurant Franchises
For anyone looking to start learning how to invest, I would always recommend starting with products or services you use. Being a foodie myself, F&B naturally falls within my circle…
How Growth, Return on Capital, and Discount Rate Affect Valuation
Nobody will know where interest rates are headed, but it is important to appreciate the relationship between the discount rate and long-duration assets. In other words, we should be mindful…
Why Pay More for Quality Businesses?
Over the long term, it’s hard for a stock to earn a much better return that the business which underlies it earns. Likewise for companies that are able to sustainably…