
Ep 382. Franchise Value, The Secret to Geoff Gannon’s Investing, and Analyzing Airline Stocks
Focused Compounding
00:00
Is OTCM Better Than Virtu or NACO?
OTCM has a much better hand, which they developed over time early on and the key things that they did were earlier on. So when I say a franchise thing, what I mean is they got to the point that they needed to where there was the risk built into it,. That would worry me a lot. The good thing about OTCM is it generates it in free cash flow. If that changed and it had some wildly different idea of what it does, then we'd be in for a problem. But most companies, if they were in a situation where they have mines that are going to close over time that are cool things and stuff, they could do some really weird stuff
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