Ep 381. Disney and Nelson Peltz, Carvana’s Fall, Pair Trading Strategies, and Charlie Munger’s Top 3 Places to Find Stocks
Focused Compounding
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Carvana, Fast Growing Company, Unit Economics
Carvana was growing like 100 percent a year. The company has been cash flow negative virtually every quarter of its existence. It's very low quick assets, so it's all inventory and property plan and equipment that you're carrying. So there's a real business there, but the everything about how it grew suggests it was always headed for bankruptcy.
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