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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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The Advantages to Scaling Up

I looked at the company from very early on and you'd argue, oh, they don't have the same economics on a unit basis as other car dealers and stuff. I'm just trying to think of like companies that, you know, they successfully pivot and turn it off and become an incredibly successful business afterwards. But see, all of these are unusual in that they're caused by having like zero percent interest rates and attitudes about that because the businesses don't make sense. So each of these things could make some sense at some tremendous scale Tesla.

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