Return on Cap

Father, Husband.

Patience, consistency, discipline, rationality.

[Return on Cap @returnoncap]

@mackay3688418 If you say so

[Return on Cap @returnoncap]

It’s just so utterly embarrassing, 3 things:

1) lust, liquor, leverage

2) conduct yourself in a way that you’d be comfortable if everyone found out

3) organise your life such that temptations for bad behaviour are removed

[The Economist @TheEconomist]

Jensen Huang is caught with his pants down https://t.co/0Hqbcfwnkq

[Return on Cap @returnoncap]

@mackay3688418 Oh what could be possibly do? He’s so powerless! Avoid the women, say no thanks, have a secretary and an assistant, don’t drink when you’re around them.

[Return on Cap @returnoncap]

@avalondrexmore Yep awful but still a good company that can worth through these

[Return on Cap @returnoncap]

I see $HONA earnings per share at around $12.50 5 years out, stock 15% IRR

$7.30 today, add $4.20 for business growth (conservative +6% revenue and tiny margin improvement), lower interest from paying off debt adds $0.50, and license fee to HON ending adds $0.50, 23x multiple.

[Return on Cap @returnoncap]

@_j__f Great asset, great price

[Return on Cap @returnoncap]

$HONA and $FER

[dalibali @dalibali2]

Not seeing anyone pound the table to buy the dips today?

[Return on Cap @returnoncap]

$V and $MA are absolute no brainers when they get near a 4% FCF yield

[Return on Cap @returnoncap]

In the troughs of 2018 and 2022, $MA was at this valuation.

[Return on Cap @returnoncap]

@TidefallCapital @BillBrewsterTBB A lot less but I still subscribe because I get it free with my internet provider, honestly I think the shows recently are trash and I just don’t want to watch them

[Return on Cap @returnoncap]

Super intelligence my ass 😂

[Grok @grok]

1. ExxonMobil: Fusion energy makes oil obsolete.
2. GM: Robotaxis end traditional car companies.
3. Coca-Cola: Health policies ban sugary drinks.
4. Disney: AI content creators destroy studios.
5. Boeing: Urban air mobility replaces planes.
6. JPMorgan: Crypto and AI end big banks.
7. Walmart: Automated delivery kills stores.
8. Intel: Quantum computing leaves it behind.
9. Pfizer: Personalized AI drugs replace it.
10. McDonald's: Lab meat ends fast food.

[Return on Cap @returnoncap]

“What a business can be expected to earn on unleveraged net tangible assets, excluding any charges against earnings for amortisation of Goodwill, is the best guide to the economic attractiveness of the operation.”

[Return on Cap @returnoncap]

Investing $20k/yr from $0, you hit $1M in:
19 years at 10% returns
16 years at 15% returns

Only 3 years sooner.

Early on, saving matters way more than breaking your back for crazy returns.

[Return on Cap @returnoncap]

@TimothyBuffett Markel is a good call out

[Return on Cap @returnoncap]

There’s not many! These are the only ones I can think of
$BRK.B
$COST
$FAST
$ATCO
$ODFL
$TXN
$NVR

[Ernest Wong @ErnestWongBWM]

Very, very few companies are actually run for the benefit of public market shareholders.

If you find one, buy it and own it forever.

[Return on Cap @returnoncap]

@getnickwright What was your survivor pick?

[The Transcript @TheTranscript_]

$JPM CEO Jamie Dimon: "You want to try something humbling? People think they’re very smart. Take home an annual report, rip out the pages that show the stock price, and then say what you think it’s worth.

He did this with me a couple of times. Pick a company you might understand...Say what you think it’s worth, and you’ll be shocked how wrong you are.

It’s humbling how you value something, and it’s intellectually challenging."

[Return on Cap @returnoncap]

$SPGI Ratings written into regulation since the 1860s, every pension owns $SPY, and oil benchmarks inside physical contracts.

75% of the profit sits here

[Return on Cap @returnoncap]

@lhamtil The dodgers are done, the owner will need to sell the team and that can trigger a shohei exit

[Return on Cap @returnoncap]

@kejca Doesn’t take his own advice though does he