Rising returns on capital, improving profitability, and the potential for long-term compounding. But how much upside is left after a fivefold increase?
I like the framing of the Buffett one-foot-bars quote before diving into Storytel, since it ties simplicity to a repeatable process. After a fivefold move, what do you look at first to judge if returns on capital can still justify the price?
I like the framing of the Buffett one-foot-bars quote before diving into Storytel, since it ties simplicity to a repeatable process. After a fivefold move, what do you look at first to judge if returns on capital can still justify the price?
Thanks for the question.
I don’t look at a first thing, but rather the confrontation of the bear and bull theses.
Thanks! Weighing bull and bear theses head-on makes sense, especially after a fivefold move.