The Joseph Carlson Show
How To Find Compounding Machines- A Full Guide
Jan 31, 2024
This podcast explores the concept of 'compounding machines' in investing, emphasizing the importance of stock selection, temperament, and portfolio management. It discusses the significance of pricing power for companies, the impact of stock buybacks on compounding machines, and the importance of controlling emotions in investment approaches. It also highlights the importance of individual research and judgment in investment decisions and suggests selling less attractive positions to invest in more appealing ones.
44:54
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Quick takeaways
- Invest in companies that consistently compound their intrinsic value over time.
- Develop and maintain a disciplined and unemotional temperament in investing.
Deep dives
Investing in Compounding Machines
Investment strategy of accumulating a portfolio of companies that consistently compound their intrinsic value over time. Examples of compounding machines like Microsoft, Apple, Texas Roadhouse, and Chipotle.
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