I decided to take a trip down "Archive Lane" to see where I left off reading past articles and where do I land?
Here, at this article, as global markets take a tumble from Donald Trump's "Tariff Tantrum". How timely! 😄
I really appreciate Lesson #1 from Mr. Munger. Everything seems to be in turmoil now and I feel surprisingly calm and chilled out. Maybe it's because I was lucky enough to start selling down 1% of my holdings a while back and built up a cash reserve. The cash allows me to go bargain hunting as if I were on a treasure hunt in a thrift store!
I found a YouTube video with the interview of Mr. Munger regarding his "zero" feeling.
$POOL seems a simple, wonderful business, with excellent traction and margins.
A couple of questions (sorry couldn't dig deeper for want of time — too many stones to turn over)
1. What are the specific levers for topline growth? Isn't the pool supplies market kind of saturated already I might be totally wrong on this one.
2. POOL doesn't seem to have a presence in Asia. China and India in particular are two sizable markets with a favourable demographic.
3. POOL has guided deployment of far more capital in share buybacks and dividend payments, than in capital expenditures and M&A. Does this indicate a restricted growth runway?
4. Under longer term outlook, it says organic topline growth of 6-9%. Again this indicates modest organic revenue growth. If M&A doesn't pan out as expected, overall revenue growth might come in stunted.
I would like to learn to be peaceful when my POrtfolio is down 50 percent
You can send me an email to compoundingquality@gmail.com
I decided to take a trip down "Archive Lane" to see where I left off reading past articles and where do I land?
Here, at this article, as global markets take a tumble from Donald Trump's "Tariff Tantrum". How timely! 😄
I really appreciate Lesson #1 from Mr. Munger. Everything seems to be in turmoil now and I feel surprisingly calm and chilled out. Maybe it's because I was lucky enough to start selling down 1% of my holdings a while back and built up a cash reserve. The cash allows me to go bargain hunting as if I were on a treasure hunt in a thrift store!
I found a YouTube video with the interview of Mr. Munger regarding his "zero" feeling.
https://www.youtube.com/watch?v=3WkpQ4PpId4
I hope the link works!
$POOL seems a simple, wonderful business, with excellent traction and margins.
A couple of questions (sorry couldn't dig deeper for want of time — too many stones to turn over)
1. What are the specific levers for topline growth? Isn't the pool supplies market kind of saturated already I might be totally wrong on this one.
2. POOL doesn't seem to have a presence in Asia. China and India in particular are two sizable markets with a favourable demographic.
3. POOL has guided deployment of far more capital in share buybacks and dividend payments, than in capital expenditures and M&A. Does this indicate a restricted growth runway?
4. Under longer term outlook, it says organic topline growth of 6-9%. Again this indicates modest organic revenue growth. If M&A doesn't pan out as expected, overall revenue growth might come in stunted.
Always happy to hear contradictory views!