432- Perfect Competition

432- Perfect Competition

When we boil down value investing to the absolute basics, the goal is to pick great companies that will maintain a high level of profitability over the long term—couldn’t be simpler, right? In reality, there are an enormous number of factors that can affect whether or not a company is successful, especially in a capitalist system where they have a high degree of freedom to operate without being hamstrung by regulations. While competition is an important feature in capitalism, it can also sap profitability from businesses when too much of their output is focused on separating themselves from their rivals. The key is finding businesses that have unique qualities that allow them to rise above the competition and carve out their own niche within their industry. Join Phil and Danielle as they discuss the various ways companies find an edge in the cutthroat world of international big business, and how investors can use the data and tools available to discern who might come out on top. If your investment research could benefit from tools that can help to simplify and streamline the process, click here for our free Rule #1 Investing Calculators: https://bit.ly/42dBHSn Topics Discussed: Conditions under which companies can succeed Imperfect competition Swiss house cleaning customs Moat vs competitive advantage Calculating return on capital Tangible vs intangible assets Resources Discussed: Glanbia Lululemon Sephora Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(498)

497- FROM THE VAULT: Dawa Tarchin Phillips on Becoming a Mindful Investor

497- FROM THE VAULT: Dawa Tarchin Phillips on Becoming a Mindful Investor

In the high-stakes world of investing, mindfulness helps value investors stay focused, patient, and rational. It strengthens resistance to fear and greed, promotes long-term thinking, and sharpens dec...

4 Mar 202551min

496- FROM THE VAULT: What Happened to Horsehead Holding?

496- FROM THE VAULT: What Happened to Horsehead Holding?

Engaging in any form of investment involves some level of uncertainty. While it's natural to feel proud of our achievements, it's equally important to analyze our process when things go wrong. As wit...

22 Jan 202545min

495- FROM THE VAULT: Understanding Free Cash Flow

495- FROM THE VAULT: Understanding Free Cash Flow

Free cash flow is a key metric in value investing. It provides a more reliable view of a company’s financial health than its earnings, which can be influenced by creative accounting. By focusing on fr...

31 Des 202439min

494- Happy Holidays

494- Happy Holidays

Season’s greetings, value investors! Phil and Danielle check in to reflect on the holiday season and express gratitude for the support of all InvestED listeners throughout the year. As our hosts prep...

25 Des 20244min

493- Eventing

493- Eventing

So a business you own is undergoing an event that’s made the future less certain—so what’s your next move as a value investor?  Finding the right time to sell can be difficult when the M.O. is to buy ...

21 Des 202440min

492- Questionable Mastery

492- Questionable Mastery

Your circle of competence is the cornerstone of smart investing. Expanding your knowledge as you grow keeps your skills sharp and your strategy strong. When you focus on what you know best, you gain a...

10 Des 202430min

491- Google Brainpower

491- Google Brainpower

To novices and outsiders, the practice of investing can appear intimidating and overwhelming.  However, despite the seemingly high barriers to entry and understanding market dynamics, an investor’s IQ...

5 Des 202447min

490- Talking Terumo part 2

490- Talking Terumo part 2

As value investors, we aim to identify and monitor exceptional, well-managed companies that dominate their industries, effectively operating as unique monopolies. A good starting point is using Google...

27 Nov 202439min

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