wow, this is massive, time to read up! thanks CT (btw, following up on some raised arguments in these articles which were model related, I would honestly HIGHLY appreciate to get a glimpse at your model in order to tweak, trial & error around, and grasp the concepts better)
Congratulations on this milestone! 250 and counting! That is a lot of quality material! Highly appreciated!
Huge congratulations on this milestone and the incredible consistency over nearly a year and a half!
wow, this is massive, time to read up! thanks CT (btw, following up on some raised arguments in these articles which were model related, I would honestly HIGHLY appreciate to get a glimpse at your model in order to tweak, trial & error around, and grasp the concepts better)
PS: I've said it previously: each one should make his/her own valuation model :) so you summed it up well: tweak, grasp the in- and output.
Hi Adrian, I talked about the valuation model for Harvia in these two blogs (one of them is shared above):
- https://thecompoundingtortoise.substack.com/p/partner-q-and-a-2
- https://thecompoundingtortoise.substack.com/p/our-valuation-model-key-concepts
Great consolidation. Nice read.
GPA > ROIIC ≥ ROIC > ROA > 4×Headline CPI inflation
(1 + Gnp)/(1 + Gic) ≥ 1
Gnp ≥ Ggp > Gic > Gasset > (4×Headline CPI Inflation Rate)