James LaBrecque

[Finding Compounders @F_Compounders]

Recommended Read

Great piece by Warren Buffett

Why I Like to think of Stocks Like Farms

- Buffett talks about his two non stock investments and what we can learn from them

[Return on Cap @returnoncap]

Companies that pass the grandchildren inheritance test:
$MCO
$KO
$LIN
$V
$CP
$WM
$XOM
$CB
$BRK.B

[Alan Gałecki – Financial-Engineering.net @Fin_Eng_Net]

Diageo $DGE.L $DEO stock might be up +3.5% today.

but reading the press release, does not make me confident this has been it.

the two most important markets are heavily struggling.

And not little.

The only positive in my view is that proceeds from asset sales will lower debt a bit.

[Tobias Carlisle @Greenbackd]

The 4 Options Strategies Warren Buffett Would Actually Use https://t.co/I2Cz30Tyim

[Travis Gatzemeier, CFP® @T_Gatzemeier]

I work with some high-income earners who have 70%+ of their net worth tied up in one stock.

Every single one is worried about the concentration.

None of them want to regret selling.

Here's the 6 ways to reduce the risk, minimize regret, and not get crushed by taxes...

[Travis Gatzemeier, CFP® @T_Gatzemeier]

"You make too much money to contribute to a Roth."

I hear this all the time. And it's wrong.

I helped a client earning $600k+ get over $45,000 into a Roth. If we do this for 15 years, that could be over $1.2 million tax-free.

Here's exactly how we're doing it...

[Travis Gatzemeier, CFP® @T_Gatzemeier]

I recently met with a client who will earn $1.1 million in W2 wages this year.

Here are the topics we covered during our spring strategy meeting.

(bookmark this so you can steal the topics)

[Goshawk Trades @GoshawkTrades]

Antti Ilmanen boiled down the most common return sources into 10 simple questions.

If you have a minute, it is worth reading.

[Tobias Carlisle @Greenbackd]

ROIC, and ROA and ROE are the strongest predictors of stock performance. Each measures how efficiently a company converts capital into profits.

Interest Coverage (EBIT / interest expense) captures financial strength and ability to service debt.

Markets reward companies that:
• generate high returns on capital
• are financially resilient
• require less capital to grow

This is essentially the economic moat + capital efficiency signal.

Gross margin is the weakest quality metric.

[Travis Gatzemeier, CFP® @T_Gatzemeier]

Most financial advisors don't share what they do with clients.

(and honestly, most of them only talk about investments)

Well, here is exactly what I cover in spring strategy meetings with clients...

[Matthew Harbaugh @themattharbaugh]

This 1994 speech by Peter Lynch is a must watch

(Bookmark this for later)

[Travis Gatzemeier, CFP® @T_Gatzemeier]

https://t.co/GNYaqOvNFf

[Thomas Chua @SteadyCompound]

The investing edge checklist from Michael Mauboussin.

From his latest paper Who Is On the Other Side?

https://t.co/XBiQlzMCFI

[Lawrence Hamtil @lhamtil]

The business models Horizon Kinetics singles out as both capital light and inflation beneficiaries

[Implied Expectations @LongHillRoadCap]

Massively underfollowed. Compounding at a 21.2% annual rate for over a decade. Writes great letters.

[Boring_Business @BoringBiz_]

https://t.co/nTQhW9bxxx

[Finding Compounders @F_Compounders]

Tying Free Cash Flows To Market Valuations

[John Huber @JohnHuber72]

A while back we had a short thread on ROIC and FCF yield, and while it’s more important to focus on the FCF yield in low growth businesses that don’t reinvest. I wrote a post with some more thoughts on this and some examples

[Field Yates @FieldYates]

This Malik Nabers @IHOP commercial belongs in the hall of fame