Chris penned our third quarter letter on his first year anniversary with the GreenWood team. Speed Read: Exor exemplifies why "dead money," is a truism that is never true when skin in the game is involved, as Builders continuously compound…
One of the less discussed mental models investors can apply to various businesses is the telecom carrier way of looking at the world: a) gross additions (which ties to consideration), b) customer churn and c) the effects that this two-lane highway…
An important mental model for investors to use is the power of feedback loops. These exist in nature everywhere, as well as some of the best and least-loved sectors in the investment universe. Many internet companies are the beneficiaries of positive…
Summary: We’ve had a lot of back & forth with our friends and investors about the VW diesel scandal and the implications for the auto industry. As it happens, we have an engineer that specializes in cooling and controlling NOx…
We’ve received a great counter thesis to our European auto investments, and we wanted to share the counter-view to the bull thesis on Renault and Fiat. To summarize: The industry has a history of poor economics and they are essentially…
Please click here to read the full report, for the speed readers, we’ve summarized our research in this one page. In a Nutshell: Throughout the European crisis, traders have ascribed a negative value to Renault’s underlying business, after backing out…