Ignore The Volatility, Buy Good Businesses
Porter outlines why this national homebuilder has become a superb business. He explains why it’s positioned to become a great, long-term compounder.
capital efficiency
The Easiest Way To Become Truly Wealthy
There has never been a more powerful consumer brand that is more beloved than Coke. And it’s been a great investment… $40 invested in 1919 would have turned into more than $600,000 by now. In today’s issue, Porter explains why…
Good Debt vs. Bad Debt
To answer a reader’s question, Porter does some research on Philip Morris International and discovers that the nicotine maker produces a great return on its tangible assets – and manages to buy them with very cheap debt. His conclusion? That’s a great business.
Will Fat People Stay Fat…?
Can a company that sells weight-loss drugs and a company that sells chocolate and candy both co-exist and both succeed? In this Daily Journal, we explore how Novo Nordisk and Hershey lose or win in the new world of fat shots.
Google … Or Auto Parts?
Compared to tech darling Google, this company is the very definition of boring: slow growth, low margins, and capital intensive. Many would argue that it’s also a pretty lousy business. But digging into the financial statements of both this company and Google makes you wonder… which company is actually better?
Protected: Audio Demo – Never, Ever Sell A Great Business
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Never, Ever Sell A Great Business
Selling shares too soon can be worse than buying poor-performing shares. No matter what happens in markets or the economy, great businesses tend to do well over the long run. It’s almost always a mistake to sell them.
Cash Burn Turns Into Cash Flow
This company was built on the idea of technology “outpacing the law,” and it’s turbocharged a staggeringly effective online network of customers that circumvents traditional business practices in more than 70 countries… And is now generating a profit and shares will soon begin to rise.
The Chicken-Wing King
This quick-serve restaurant has figured out how to beat rising food prices, using a savvy mix of business strategies that have kept its revenue and earnings growing at over 20% per year. It has delivered some of the best returns in the stock market for a decade.
The Disrupters
Skirting the law for more than five years gave this company a huge advantage, enabling it to gobble up market share, so that now as the dominant player, it can use its size to power long-term growth.