What stocks do you own and why do you own them? What are the fundamentals that ultimately drive stock market returns? I'm Alex Mason, an individual investor like you. Join me in my journey to decode the business behind the stock, and uncover principles and best practices for individual investors. My goal is to improve your investing process with knowledge and insight through case studies of real companies. This is the show where we explore the histories, business models, and economic characteristics of publicly traded companies, as well as mental models to complement investment analysis.
One of the ways we get better at investing is through conversation with other investors. Today’s episode features a great conversation between myself and Beko Jang, one of the hosts of the great podcast Value Investor TV.
In today's episode we discuss:
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What are power laws?? Effectively, it’s when one variable changes substantially when another variable changes just a little.? Put in business terms, a disproportionate amount of the rewards go to those at the top.
In today's episode we cover the mental model of power laws, including the general concept behind it and how we can apply it as an investor.
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We review what we’ve learned in the past year on the show. We’ve covered a lot of ground! We also talk about how the podcast has grown and some exciting news for the future. Stick around until the end of the episode to learn more.
In today’s episode we’ll cover:
As America’s largest homebuilder, D.R. Horton has been focused on expanding one of the most central aspects of American culture and the American Dream - the home. By focusing on modest customization at reasonable prices, they’ve grown into a national brand while operating in a highly cyclical industry.
In today's episode we cover the history, business model, financials, and future outlook of D. R. Horton.
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Today, we’re going to take it back to basics. A lot of times when people talk about investing they jump right into the “what” and the “how”. Well, what about the why? Today’s episode discusses the three things you can do with money. You can either:
Give It Away
Save It/Invest It
The choice is yours! Optimizing between these three things is critical in order to become a successful investor.
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In the modern era, McCormick is one of those companies that focuses on selling spices, seasonings, and related products like French’s Mustard and Cholula Hot Sauce. They sell to both businesses and everyday consumers like you and me. Not to mention, they sell in over 160 countries across the globe!
In today's episode we cover the business model and financials of McCormick & Co., as well as putting everything together to sy...
Aside from the commodities we know them as today, spice and seasonings were once fought for by kings and treasured by merchants. They were the precursor to modern currency and have spanned all cultures across the globe.
In the modern era, McCormick is one of those companies that focuses on selling spices, seasonings, and related products.
In today's episode we cover the history of the spice industry as well as the history of McC...
Utility is what relates to something’s function or value. When something has utility, it has inherent or perceived usefulness to you.
In today's episode we cover the mental model of utility, both in a general sense as well as in the context of investing. At the end of the episode, we review Tai Lopez’s 4 Ms of Motivation.
Today’s Sponsor: Finnyvest
Snacks have become a huge part of the modern food system. Instead of meals cooked from raw ingredients, there are now a plethora of packaged foods available all over the world. Mondelez International is one of the dominant companies in this space, selling everything from Oreo cookies to Ritz crackers to Trident gum.
In today's episode we cover the history, business model, financials, and future outlook of Mondelez Internationa...
GameStop has made some waves in recent weeks. Last week we talked about the general business, including its history and overall business models and financials. Today we wrap up our analysis of the business, discuss what a short squeeze is, and talk about the recent market volatility surrounding the stock.
Today’s Sponsor: Finnyvest
GameStop has made some waves in recent weeks. After Reddit investors began piling into the stock, the company made headlines because of the stock’s meteoric rise and subsequent crash. What is the nature of the company and what do they do? How has business been for this game retailer?
In today's episode we cover the history, business model, and financials of GameStop.
Facing conflict is always difficult. Facing conflicts on multiple sides is even harder. When companies face multiple headwinds and their attention and capital is diverted, we know as investors to take a close look at the risks. We can also apply this principle to looking at a company’s stock price through the lens of technical momentum (buyers and sellers are always fighting to change the current stock price).
In today's epi...
Brought together by conglomerate JAB Holdings in 2018, gourmet coffee and beverage giant Keurig Dr Pepper was born in its current form. Although there is a growing diversity of brands, Keurig coffee and Dr Pepper soda are still the primary drivers of revenue.
In today's episode we cover the business model of the Keurig Dr. Pepper, as well as discuss its financials. We then spend some time synthesizing the information we’ve lea...
Nestled in a small Vermont town, entrepreneur Bob Stiller found delicious, gourmet coffee, and he was determined to share it with the world. By joining forces with another up and coming coffee start up, Keurig became a nationwide brand name and coffee makers started showing up in office break rooms and home kitchens everywhere.
In today's episode we cover the history of the gourmet coffee business that ultimately became one hal...
Dr. Pepper began as a pharmacist’s concoction in the small town of Waco, TX. Over time its popularity grew and spread around the United States. Other brands like 7-Up and Schweppes also grew in influence. These brands, and many others were combined and broken up again various times and corporate influencers fought for control over the soda market.
In today's episode we cover the history of the carbonated beverage business tha...
Salesforce is the leader in CRM (customer relationship management) software. By focusing on the cloud from the industry’s infancy, they’ve grown to become a major business that serves most of America’s large companies.
Although Costco didn’t invest the wholesale concept, one might think that they have perfected it. One of only a few companies able to compete with Walmart’s Sam’s Club, Costco focuses on providing quality products to people at very low prices, and they do it by selling in bulk with a “no frills” approach.
In today's episode we cover the history, business model, financials, and future outlook of Costco.
This year, I learned a lot happened. Not just in the investment world, but in the world at large. In today's episode, we take a moment to reflect on major events of 2020, a bit about how I'm thinking about things going forward, and a quick update about the show. Also, there's a few listener shout outs! Thank you for your reviews this year!
O’Reilly Automotive has been a consistent grower in the auto parts space since it began in Springfield, Missouri decades ago. Of the big three in this space (the other two being AutoZone and Advance Auto Parts), O’Reilly has the most evenly split business between commercial and DIY customers. They don’t pay dividends but consistently return a TON of money back to shareholders through share buybacks.
In today's episode we cover...
Cause and effect is a generally understood principle - one thing happens and that causes another thing to happen. But, what about when the effect comes back to influence the cause? This is known as a feedback loop.
In today's episode we explore the general concept of a feedback loop, and then apply it to how we look at markets as individual investors.
If you can never get enough true crime... Congratulations, you’ve found your people.
This is what the news should sound like. The biggest stories of our time, told by the best journalists in the world. Hosted by Michael Barbaro. Twenty minutes a day, five days a week, ready by 6 a.m.
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.