Focused Compounding

Investing expert John Neff discusses creating business systems, multiple expansion, inflection points, and other investing musings. The hosts explore books on success and business systems, dive into the concept of systems using Howdens Joinery as an example, and analyze John Neff's investing strategies. They also discuss the impact of multiple expansion on returns and explore different investing approaches and portfolio composition.

How to Invest When You Only Have an Hour a Day to Do It https://focusedcompounding.com/how-to-invest-when-you-only-have-an-hour-a-day-to-do-it/   🔍 Want access to an event-driven monitor? Sign up here: https://www.insidearbitrage.com/speci... 📰 Interested in our free weekly newsletter? Subscribe now: https://t.co/I65UzM4uFB 📚 Explore our informative backlog: Click here: https://focusedcompounding.ck.page/po... 📈 QuickFS: Visit here: https://quickfs.net/?via=focused 🐦 Twitter: @Focusedcompound ✉️ Email: info@focusedcompounding.com About Focused Compounding: We are an exclusive, members-only platform for buy-and-hold value investors. Delve into research write-ups penned by hedge fund manager, Geoff Gannon. Immerse yourself in insights and strategies, surrounded by a community of investors who stand by the teachings of legends like Buffett, Munger, and Fisher, rather than fleeting market trends. Important: Read our Disclaimer: https://focusedcompounding.com/discla...

The hosts reflect on their previous predictions about the stock market and discuss the recent performance of certain stocks. They delve into weight loss drugs and the potential impact on individuals and food companies. The power of themes in stock investing and the influence of momentum is explored. The hosts discuss bread shelf life and preservatives. They also touch on financial topics such as stocks, bonds, and gold. Major events of 2023, including rates, climate talks, and Fed actions, are discussed.

The podcast discusses the recent surge in stock price for U.S. Steel and the consolidation in the steel industry. It explores Paramount's potential merger and sell-off talks, as well as analyzing 'Killers of the Flower Moon'. The hosts also discuss the proposed merger between Nippon Steel and US Steel, including interested bidders and political opposition.

Exploring the challenges of the 'Buffett Test' for judging a CEO's capital allocation abilities, evaluating companies using the test and other metrics, the art of allocating company capital for shareholder benefit, and the challenges faced by professional managers in capital allocation.

The podcast discusses the current state of banks, the impact of the yield curve on the banking industry, and the variations in deposit base and loans between Hingham and Frost banks. It also explores how a bank overcame challenges during a period of yield curve inversion and low interest rates, and provides a comprehensive analysis of owning smaller banks versus big banks like JP Morgan.

MLP writeup: https://valueinvestorsclub.com/idea/MAUI_LAND_andamp%3B_PINEAPPLE_CO/2155146259 🔍 Want access to an event-driven monitor? Sign up here: https://www.insidearbitrage.com/speci... 📰 Interested in our free weekly newsletter? Subscribe now: https://t.co/I65UzM4uFB 📚 Explore our informative backlog: Click here: https://focusedcompounding.ck.page/po... 📈 QuickFS: Visit here: https://quickfs.net/?via=focused 🐦 Twitter: @Focusedcompound ✉️ Email: info@focusedcompounding.com About Focused Compounding: We are an exclusive, members-only platform for buy-and-hold value investors. Delve into research write-ups penned by hedge fund manager, Geoff Gannon. Immerse yourself in insights and strategies, surrounded by a community of investors who stand by the teachings of legends like Buffett, Munger, and Fisher, rather than fleeting market trends. Important: Read our Disclaimer: https://focusedcompounding.com/discla...

Speakers reflect on the passing of Charlie Munger, discussing his impact as a mentor and teacher. The chapter explores Munger's polymath nature and his role in shaping Warren Buffett's investment strategy. It compares the decision-making approaches of Munger and Buffett and discusses Munger's resilience and ability to persevere. The chapter also delves into Munger's wide range of interests outside of investing and his principled approach to life.

The podcast discusses the concept of normalized earnings and the process of normalizing earnings and free cash flow for different businesses. It explores the analysis of cyclical businesses, including supply driven cyclicals and demand driven cyclicals. The hosts also discuss Warren Buffett's investment in Oxy and the determination of normalized earnings for companies in supply-driven, demand-driven industries. Different earnings patterns and investing styles are explored, with a focus on bond-like earnings patterns and Warren Buffett's approach. The considerations for analyzing normalized earnings in a cyclical business like GraphTech are also discussed.

The podcast discusses Todd Combs' investing strategies, including shorting and his unique office setup at Berkshire Hathaway. They delve into the debate on shorting and share their differing opinions. They also explore Todd's disagreements with Buffett and his journey to become CEO of Geico. The shocking meeting about Fannie Mae and the challenges of running a long-short investment strategy are also discussed.