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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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Virtu Buys Dealerships Using Cash or Debt

Virtu buys dealerships using cash or debt. They get good enough returns. And they have low price spoken stuff. What I'm most worried about is, you know, at least four out of five of all listed companies are neither of those things. It's a lot less now of businesses that maybe are real attractive on our asset basis and are consistently generating earnings. That might be like a barbell type thing in that I would like businesses that are fairly low returns that are that and low price to book.

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