Intrinsic Investing

Focused, fundamental-driven portfolios for private & institutional clients. Blog: Disclosures:

[Intrinsic Investing @IntrinsicInv]

1/2 We are thrilled to announce that Ensemble Capital has been acquired. Due to our acquisition, we are retiring both the Intrinsic Investing blog and our Twitter presence.

[Intrinsic Investing @IntrinsicInv]

2/2 We had so much fun getting to know you all over the last decade and we benefited tremendously from being part of the FinTwit community. We wish you all the best in your investing.

[Intrinsic Investing @IntrinsicInv]

1/2 We are thrilled to announce that Ensemble Capital has been acquired. Due to our acquisition, we are retiring both the Intrinsic Investing blog and our Twitter presence.

[Intrinsic Investing @IntrinsicInv]

@dalibali2 Early Bird is an excellent book on investing for teenagers. It was written by a teenager and it focuses on Buffett style investment principles. Very accessible introduction to investing. Author is @findingmoats. https://t.co/jRgr5srHwg

[Intrinsic Investing @IntrinsicInv]

Here's the replay of our Q1 client webinar. In addition to discussing the economy and financial markets, we profiled our investments in Ferrari $RACE, IDEX $IEX and Perimeter Solutions $PRM. https://t.co/K0LIZ8v9NJ

[Intrinsic Investing @IntrinsicInv]

@Chariot_Invest On or about 4/15.

[Intrinsic Investing @IntrinsicInv]

Join us today at 1:30pm pacific time for our quarter market and economic update. We'll be profiling our investments in Ferrari $RACE, IDEX $IEX and Perimeter Solutions $PRM. https://t.co/rySCYsy3DZ

[Intrinsic Investing @IntrinsicInv]

Join us on Monday for our quarterly client webinar. We'll be discussing markets and the economy, as well as our portfolio holdings Ferrari $RACE, IDEX $IEX, and Perimeter Solutions $PRM. https://t.co/rySCYsy3DZ

[Intrinsic Investing @IntrinsicInv]

Join us on Monday, 4/8 at 1:30pm pacific time for our quarterly client webinar. We'll be reviewing financial markets and the economy, and discussing our investments in Ferrari $RACE and IDEX $IEX. https://t.co/rkObJSvAWd

[Intrinsic Investing @IntrinsicInv]

@ValueStockGeek @PrefShares Mostly agree with @ValueStockGeek. But if pressed to pick it would be index FCF yield plus your guess of forward index earnings growth (5% likely best guess other than during/just after corporate earnings drawdowns).

[Intrinsic Investing @IntrinsicInv]

@PythiaR And remember that during recoveries from significant drawdowns, the rally often feels "too far, too fast". Markets don't typically get stupid shortly after major negative macro shocks. But maybe it's different this time.

[prefshares @PrefShares]

I keep seeing data that shows mid/small cap businesses are trading at significant discounts to large caps and I get interested.

Then I go look at actual mid/small cap businesses and I often get less excited.

Most are not great businesses.

Any recommendations for quality businesses to study in this space trading at lower valuations than “large caps?”

[Intrinsic Investing @IntrinsicInv]

@TSOH_Investing At 1/3 of total mix, growing at a high teens rate, and in the context of them being under penetrated, it could lead to total room night growth being elevated for longer than expected/longer than guidance. Will be key area to watch for sure.

[Intrinsic Investing @IntrinsicInv]

@mithridatistcap We wrote about this issue in this post. It also links to a @businessbrewpod interview we did in early 2022 while our strategy was enduring its worst underperformance in its two decade history. Good luck! You're asking the right questions. https://t.co/y2meWqN3PB

[Intrinsic Investing @IntrinsicInv]

@rowancheung This appears to be AI being able to do original reporting, not just summarizing/regurgitating the reporting of others. Is that correct or is it actually doing something else?

[Intrinsic Investing @IntrinsicInv]

Short and sweet summary of the "Google won't be disrupted" thesis.

[compound @compound100x]

(1/x) For all the tech folks/analyst saying google's ad loads and poorer product vs chatgpt is why it will be disrupted, it's interesting I've heard few complains abt the search ad loads as compromising their experience, nor raves abt..

[Intrinsic Investing @IntrinsicInv]

@long_equity Why do you prioritize high margins? ROIC captures the blended impact of both, so why double down on margins?

[Alex @Badpak]

Great l/s fund on the west coast is looking for an analyst (0-3y experience). Preferably some experience on short side but all good if not. DM if interested and I will connect

[Demis Hassabis @demishassabis]

In December we began the Gemini Era, and we’ve continued to make relentless progress since. Today we’re thrilled to introduce the next generation: Gemini 1.5 - hugely enhanced performance, highly efficient architecture & long-context length breakthrough
https://t.co/dKlzOQLyK4

[Intrinsic Investing @IntrinsicInv]

🙄