The Business Brew Just Some Bill
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Nov 21, 2025 Bill shares insights from a recent investor meeting, tackling Kinsale's management and valuation worries. He critiques cable industry trends, linking customer losses to rising operational costs. A personal experience with Comcast showcases service failures. Diving into investment strategies, he weighs buying cheap cable stocks now against future risks. Bill also discusses the potential of beaten-up stocks, evaluates Disney's leadership challenges, and expresses concern over the tech landscape dynamics featuring figures like Sam Altman.
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Learning Kinsale Firsthand In Richmond
- Bill Brewster described attending a Richmond investor meeting and learning about Kinsale, which changed his view.
- He admitted embarrassment for not knowing enough earlier and started building a small position to follow management.
Look Beyond CapEx To Customer KPIs
- Do track customer relationships and KPIs, not just capital intensity, when evaluating telecoms like Charter.
- Falling customers while increasing passings harms returns on capital and signals deeper problems.
Fixed Wireless NPS Predicted Cable Losses
- High NPS from fixed wireless can predict customer migration away from cable.
- Cable incumbents underestimated wireless improvements and that miscalculation changed industry dynamics.