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Millennial Investing - The Investor’s Podcast Network
MI Rewind: Pricing Power & Ferrari Stock w/ Arif Karim
Jul 28, 2023
55:13
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Arif Karim, senior investment analyst at Ensemble Capital, discusses the importance of pricing power, Costco's spectacular pricing power with low margins, the investment case for Ferrari, and the concept of idiosyncratic businesses.
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Quick takeaways
- Ferrari's strong pricing power allows the company to grow beyond the rate of inflation and provide added value to shareholders.
- Adequate pricing power in a company indicates a competitively differentiated and valuable business that can grow revenues and profits beyond the rate of inflation.
Deep dives
Ferrari's Pricing Power and Exclusive Models
Ferrari is a company with strong pricing power, selling exclusive and limited-edition models to a loyal customer base. The most exclusive models are reserved for their best customers, creating high demand and increasing their value. Once a Ferrari is delivered, it immediately becomes worth more due to the difference in supply and demand. This pricing power allows Ferrari to grow beyond the rate of inflation and provide added value to shareholders.
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