WEEKLY COMMENTARY 2/27/17 – 3/5/17

WEEKLY COMMENTARY               2/27/17 – 3/5/17

 

 

CURRENT POSITIONS

 

 

 

COMPANY NEWS

 

There was no company news this week.

 

 

INTERESTING LINKS

 

 

The Fervent Loyalty of a Costco Member (Scuttlebutt Investor)

 

The Scuttlebutt Investor does an excellent job writing about Costco. The company is not an Emerging Market company, but it is always interesting to see business models that work, particularly in the retail industry. The first quote by Peter Lynch is an excellent way to look at industries with no barriers to entry. (link)

 

 

Why Facts Don’t Change Our Mind (New Yorker)

 

The New Yorker discusses research and reasoning for flaws in our ability to change our minds or think critically about our own ideas. (link)

 

 

How Indian families took over the Antwerp diamond trade from orthodox Jews (Quatrz)

 

Quartz takes a look at how Indians took over the Antwerp diamond trade from Hasidic Jews. The success story sounds like many new entrants within a market by starting at the parts of the industry that are overlooked by competitors, typically due to lower margins. Added to the successful strategy were cheap labor in India, large families, and a strong work ethic. (link)

 

 

3G Purchases and Their Profit Margins (Economist)

 

The Economist writes a short article discussing 3G, their history, and operating model.  The most interesting takeaway is the improvement in profit margins post acquisition. (link)

 

 

Notes from Howard Marks’ Lecture: 48 Most Important Things I Learned on Investing (Safal Niveshak)

 

Vishal Khandelwal talks about the 48 most important take aways from Howard Marks lecture in Mumbai. (link)

 

 

How Signet Jewelers Puts Extra Sparkle on Its Balance Sheet (New York Times)

 

The New York Times provides some insight on Signet’s business model and use of in-house credit. (link)

 

 

Tools We Use to Forecast the Future Prospects of a Business (Latticework)

 

Michael Shearn, author of the great book The Investment Checklist, contributes to Latticework by discussing what he looks for in businesses to increase the odds of correctly forecasting the future. (link)

 

 

Can YouTube TV Get You to Cut the Cord for $35 a Month? (Bloomberg)

 

Bloomberg looks at Youtube’s new service of providing a cable television product for $35 per month. The internet continues to disrupt traditional media. (link)

 

 

India’s Battle With Booze Isn’t Stopping Johnnie Walker (Bloomberg)

 

Bloomberg wrote an good article looking at India’s Spirits Market and recent regulation. (link)

 

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