Reverse Thinking: Why We Stick to Best-of-Breed Companies
Being laser-focused on fundamental superiority - that's our margin of safety
Hi subscriber!
In this new bi-weekly update, we’ve talked about:
Earnings reports from Otis, Lifco, O’Reilly, and Linde; recapping the main takeaways
Elaborating on yesterday’s blog: why we seemingly attractive investment cases don’t always pan out (even if you pay a fairly low multiple). We’ve juxtaposed higher- and lower-quality companies to illustrate that the margin of safety stems primarily from fundamental superiority, not from paying a low valuation multiple.
If you find value in what we share, consider liking and/or re-stacking this post and sharing our publication with your network.
The video presentation can be found below including the transcript and slide deck. We’ve also adjusted the volume input after some premium members noted that the videos needed to be more audible. Hopefully, that’s now much improved.