This Week in Intelligent Investing

SPECIAL: Simon Kold Discusses His Book, On the Hunt for Great Companies

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Nov 20, 2024
Simon Kold, founder of Kold Investments, combines humor and investment wisdom in his latest book. He shares innovative strategies for evaluating business quality, emphasizing critical thinking over conventional wisdom. The conversation dives into the nuances of competitive advantages, corporate incentives, and the importance of long-term strategies. Kold also highlights the shifting landscape in tech investing, pointing out how companies like Google navigate challenges. Lastly, he advocates for a global, generalist investment approach that recognizes emerging market opportunities.
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ADVICE

Toolbox Book for Evaluating Quality

  • Evaluate business quality and durability with practical tools.
  • Use specific steps and analytical recipes for informed decisions.
INSIGHT

Sniffer Dogs vs. Dowsers

  • Sniffer dogs gather evidence for informed decisions, unlike dowsers.
  • Many investors seek evidence confirming pre-existing beliefs, hindering true analysis.
ANECDOTE

Switching Costs Analogy

  • The book illustrates switching costs with a graveyard analogy.
  • Companies struggle to attract new customers despite existing customer retention.
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