The Greatest Company I know.
New Segment: Earnings Review + Update: The Perfect Inflation Beneficiary Pt4.
Welcome back to the ROI club.
A new subscriber recently asked me to include more updates on positions I hold.
Whilst I generally have a longer time horizon than most investors, believing this is the only genuine advantage a non-institutional investor has, it’s a good idea to check in every now and then to see how a given investment is tracking.
Especially when you see one of your investments is up 58% over 12 months, then you look closer at the earnings report and realise the geniuses who run the company actually grew shareholders’ equity by more than 100% over the same period.
I will inaugurate this segment today with the most recent earnings report of what is simply the greatest company of which I know and I maintain it is the best-kept secret in the financial world today.
No, it’s not hyperbole, it’s my number one place to allocate my investment capital and recently I’ve just been buying it everyday. It currently makes up 21% of TML portfolio and even more in my private wealth portfolio. (It’s not available on E Toro as it doesn’t trade on any major exchanges).
I’ve never bothered going to a shareholders’ meeting for any public company I own, but I have already decided I will be attended their next one even though it means a trip to New York.
For a primer on my thesis the company which has compounded capital at an annual average rate of 41% since 1994 (you read that correctly) see here:
This investment is dear to my heart, it is the physical manifestation of my investment philosophy and run by the guy who shaped that philosophy, hence my take will forever be behind a paywall. Any who won’t pay a measly subscription to learn of an investment that’s turned $10,000 in 1994 into $413,602,169 doesn’t deserve to be a part of it IMHO.
Let’s take a look..
