I supposed this whole blog is largely a series of mental models that I've built up over time. But here I'll list a bunch of them that relate to investing without describing them too much.
1. Under earning or passes off savings to the customers (COST, DPZ)
b. Monopolies that have not yet flexed their pricing powers
2. Spawning with an existing strategy and have a large runway - or what Charlie might say riding a wave (MCO/SPGI in corp debt, AMZN in ecom and cloud)
3a. Spawning different businesses (a lot of the big tech companies, IAC)
b. A distributor that can add new lines of business
4. Low cost producer (HIFS, PGR/Geico, Saudi Aramco)
5. Provides such a good experience that it grows TAM (UBER, DASH, ABNB, VMEO, potentially ANGI, online gambling)
6. Rollup - need to be careful that you aren't buying lemons/ better to buy from incentivized sellers (CSU.TO, RICK)
7. Ecosystem control (TCEHY, BABA, AMZN)
8. Marketplace since it reduces competition (ETSY, CPRT, FB)
No comments:
Post a Comment