Charles M Franklin
@CharlesMFrankDeeply curious about business, investing, and knowledge. Views are my own.
Charlie Munger: "All the trite stuff is what works." "Avoid doing the really dumb things like racing moving trains to the crossing [or] experimenting with cocaine." "There are a lot of standard things that take people down — and you [should] just give those a wide berth."
Has AI just changed the rules of data gravity in Vertical SaaS? For years, being a system of record meant having an insurmountable advantage. But as AI capabilities continue to grow, that paradigm is shifting. In our latest piece, Tidemark’s @DZancaneli and @DavelYuan join…
$PM continues to deliver robust results. I wasn’t expecting to see significant QoQ volume growth from Zyn this semester, and although next quarter probably won’t have a similar volume performance (combustibles and NP), I expect massive NP volume growth in 2026, which will lead to…
$PM is valued more in line with consumer goods companies because it’s going through a huge transformation in its business - moving from cigarettes into HT and smokeless products. The key difference is Philip Morris has much higher margins and better growth prospects. IMO, PM…
From Warren Buffett's 1985 shareholder letter: "A good managerial record is far more a function of what business boat you get into than it is of how effectively you row."
$PM is valued more in line with consumer goods companies because it’s going through a huge transformation in its business - moving from cigarettes into HT and smokeless products. The key difference is Philip Morris has much higher margins and better growth prospects. IMO, PM…
Philip Morris to invest $232 million to expand ZYN production at Kentucky plant
Pretty impressive remarks! This interview took place 7 years ago and I would be quite surprised if anything had changed in $AAPL since then.
Luca Maestri on running the Office of the CFO efficiently $AAPL
It seems ridiculous until you hear this dude’s voice
In 2023, Amazon $AMZN had ~$17bn D&A in its North America + International units (Amazon Retail). If you consider this number as a proxy to maintenance capex (it's probably a bit inflated, but ok), there are only 22 companies in the world that have a larger capex budget (and only…
Just read an interesting article from Bridgewater about the “excess capacity” that China is exporting. Here are some takeaways: - China is aiming to transform its growth model by shifting away from real estate and infrastructure toward strategic industries, including EVs,…
Nice article from @JavierBlas about the iron ore. While China reduced its internal steel consumption, it pushed exportation, leading to lower steel prices across the board. In the medium term, western countries will probably increase tariffs to defend the local industry, which…
$CINT CI&T released its earnings report last Friday. The company is going through a recovery process—it reached a tipping point in its growth rate, margins recovered, and management felt more comfortable raising guidance. Overall, it's a good result and points to better results…
$GLOB $CINT I'm a shareholder of both Globant and CI&T, IT consulting and services companies that have been thriving in a terrific high-growth industry – and that I strongly believe will continue to expand. Both companies were founded in Latin America (Argentina and Brazil,…
$GLOB Globant just released their Q2 earnings report. Overall, the numbers were mostly in line, but they reaffirm the quality of this business/company, which continues to grow high-teens. Adj. EPS $1.51 vs. cons. of $1.50 Rev $587.5M vs. cons. of $586.9M They also updated…
$GLOB $CINT I'm a shareholder of both Globant and CI&T, IT consulting and services companies that have been thriving in a terrific high-growth industry – and that I strongly believe will continue to expand. Both companies were founded in Latin America (Argentina and Brazil,…
$GLOB $CINT I'm a shareholder of both Globant and CI&T, IT consulting and services companies that have been thriving in a terrific high-growth industry – and that I strongly believe will continue to expand. Both companies were founded in Latin America (Argentina and Brazil,…
Recently turned more optimistic about Vertiv $VRT and started a small position (space left to increase in weakness). IMO, it’s extremely hard to pay $MSFT multiples on companies that aren’t monopolies with a decent l/t growth rate and high ROIC. But, in the last few weeks, we saw…
Vertiv $VRT reported this morning and the stock closed down ~13%. Good report, ok conference call, tough tape, and conservative guidance. My estimates are going higher and the story hasn’t changed. I still own most of my initial position and am inclined to add some here. It’s…
United States Trends
- 1. Remy 21,8 B posts
- 2. $PHNIX 5.819 posts
- 3. $CUTO 7.651 posts
- 4. YouTube TV 95,1 B posts
- 5. $LINGO 37 B posts
- 6. NYSE 35,4 B posts
- 7. Person of the Year 163 B posts
- 8. Claressa 5.605 posts
- 9. New York Stock Exchange 58,8 B posts
- 10. Eazy 3.410 posts
- 11. #thursdayvibes 4.257 posts
- 12. Our Lady of Guadalupe 7.879 posts
- 13. #PlayStationWrapUp2024 N/A
- 14. Good Thursday 35,6 B posts
- 15. Zuck 5.788 posts
- 16. #ThursdayThoughts 2.586 posts
- 17. Man of the Year 30,1 B posts
- 18. Cutoshi Farming N/A
- 19. Gukesh 149 B posts
- 20. Time Magazine 75,4 B posts
Something went wrong.
Something went wrong.