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Ep 382. Franchise Value, The Secret to Geoff Gannon’s Investing, and Analyzing Airline Stocks

Focused Compounding

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Do You Know What's Going on With Your Business?

Companies that have strong competition tend to have a good amount of variability in their margins. If the operating margin is, you know, wobbly and all over the place, the variation in it is big. It's probably something that's more volume based. What is a very successful supermarket one year, the next is going to continue to be. In some industries, what is the best business might change really, depending on the environment they're in.

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