The heightened news-flow in recent weeks surrounding energy prices and government mandated carbon-zero targets, coupled…
Video: Quality = Conscious + Capitalism
Our friends at ValueDACH asked us to flesh out our definition of conscious capitalism and why we use these criteria to assess the quality of a company. While, of course, we rate management teams, industry lifecycles, and competitive advantages, among many other criteria, we believe approaching quality from a conscious capitalist lens gives us an edge over our peers.
When a company’s customers, employees, suppliers and communities love the company they interact with, goodwill compounds and these firms do significantly better than their competition, if they even have any. It often coincides with the Builders’ approach we’ve previously outlined: high growth, lower profit margins, overall better returns for everyone.
You can catch the view interview below or by going directly to youtube.
Also – TripAdvisor (TRIP): We’ve posted our most recent research update from this week to our public research page. You just need to be logged in to see it. Enjoy.
Upcoming Events – Please Join Us!
- December 7, 2018: Steven will be moderating a panel discussion on family controlled companies at the first ever Project Punch Card Conference in NYC on December 7. Details for the conference, which supports a cause near and dear to our hearts, can be found here. We will also be having a cocktail reception the night before. Please RSVP if you’d like to join.
- December 31, 2018: Founders’ Class for Investors Closing. We outlined the new terms for new investors in our Third Quarter Letter.
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This Post Has One Comment
I loved reading your update on TRIP. I have one question though. It seems that your thesis for hotel segment is focused on improving revenue click rates.
Do you not believe in the opportunity to monetize users by booking hotels directly on the TRIP site? It seems like such a win/win for both TRIP and the users. Users have a more simple experience and conveniently stay on their favorite site, and TRIP can take a higher rate. Have management given up on this effort? I have a hard time understanding why they can’t get this to work. Especially since I personally use TRIP all the time and always book my hotels directly on TRIP.