
Ep 358. Elasticity of Demand, Snap Judgments, Capital Allocation, and Judging Growth Capex
Focused Compounding
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Expenses and Capital Costs
Logs and lumber, nine % of key one, 20, 20, down fe 22 sal yes. So there is some change in that too. And i think it may lumber prices may have gone a little crazy, and so that affected things. But even if we hadd all that together, you're still getting that railway ties and utility utility poles and railway ties are two thirds of the business. Most of the profit ins really, more, most of the durable profit from the business. Um, they ain't a season. It literally has to be a certain period of time before they're able to use the product. They're going to offset their inventory, generally, with debt.
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