Quartr

Today, we're excited to announce our partnership with Perplexity. By leveraging Quartr API, Perplexity now offers its global user base access to live transcriptions of earning calls coupled with AI-generated summaries. "So often, these deep analytical features are only available to large institutional investors, but we're making them available to anyone. This experience is only possible because of the live transcript integration from Quartr." – Brooker Belcourt, GM of Finance at Perplexity

We've got the perfect Sunday read for you. In this interview with Gautam Baid, CFA, author of The Joys of Compounding, he shares his thoughts on what truly sets an investor apart: embracing lifelong learning, simplicity, and the power of compounding wisdom. https://lnkd.in/dujVG-cC

This week, we had the privilege of speaking with Gautam Baid, CFA, the author of The Joys of Compounding. He shares his thoughts on what truly sets an investor apart: embracing lifelong learning, simplicity, and the power of compounding wisdom. The interview will be dropping in a few hours. Sign up for our free newsletter, Edge, for timeless insights that touch every aspect of life. Link below.

Are you familiar with The Italian Sea Group S.p.A? TISG is a key player in the luxury yacht industry, specializing in building and refitting motor and sailing yachts under brands like Admiral and Tecnomar. The company was founded in 2009 by Giovanni Costantino with the vision of reviving and expanding historic Italian yacht brands. Since then, TISG has significantly increased its production capacity and expanded its portfolio through high-profile collaborations with brands like Lamborghini and Armani. Admiral, its largest brand by backlog, was acquired in 2011. Costantino, who serves as the CEO, remains the largest shareholder with a 54% stake in the company. The number of superyachts over 30 meters have grown at a CAGR of 3% since 2010, while the number of Ultra-High-Net-Worth Individuals (UHNWIs) with net worths above $50 million has grown at a 11% CAGR. Despite this growth, the penetration rate of yachts remains low, decreasing from 4.6% in 2010 to just 2.0% in 2021. The company puts themselves at the top of the luxury pyramid together with Ferrari. However, the market appears to disagree. TISG is currently trading at 7x EV/EBIT for 2024E, compared to Ferrari at 42x.

NVR, Inc. is what Munger would call a "cannibal," having bought back 80% of its shares outstanding over the past three decades. Since 1994, EPS has grown by over 75,000% (!). And the stock? Up ~930x. Incredible.

Live Nation Entertainment has more than likely played a part in some of your most unforgettable experiences. In this week's issue of Edge, we're breaking down Live Nation Entertainment, covering topics such as the industry-defining merger with Ticketmaster 15 years ago and the dynamics of the company's business model. Join 100K+ others to receive our free newsletter. Link below.

Visually comparing the market caps, revenues, and operating incomes of the "Magnificent 7". Looking at these numbers, what stands out to you the most?

John Elkann runs one of the largest family businesses in the world: Exor N.V. They control companies such as Ferrari, Stellantis, CNH, and The Economist. Lessons from Elkann on building businesses for generations ahead:

We've got the perfect weekend read for you. In this exclusive interview with Chris Mayer, the author of 100 Baggers, he shares insights on what drives long-term shareholder value, one of his current holdings, and the most common mistakes investors make. https://lnkd.in/dpVt2F8k

We had the opportunity to sit down with Chris Mayer, the author of 100 Baggers. In this exclusive interview, he shares insights on what drives long-term shareholder value, the power of reinvestment, one of his current holdings, and the most common mistakes investors make.