Shows
Stock StoriesWells Fargo (WFC) - From Stagecoach Company to Modern BankToday we discuss the importance of conservatism in banking and the risks of not managing risk well. He then analyzes the history, business model, and financials of Wells Fargo, noting that the bank is a fundamentally good business with potential for growth. Despite a decline in revenue due to economic headwinds and a scandal related to fraudulent cross-selling, I believe that Wells Fargo is simplifying its operations and positioning itself for strong shareholder returns in the future. While I would prefer a slightly cheaper valuation, I do consider Wells Fargo to be a good business and a potential investment...
2023-05-1210 minStock StoriesStock Stories SabbaticalI'm looking for an inner circle of listeners to help shape the future of the show (5 people max). Apply by sending me an email at alex@stockstoriespodcast.comThanks,AlexEmail: alex@stockstoriespodcast.com
2021-10-0618 minStock StoriesMental Model: Utility - The Fundamental Principle of PurposeUtility is what relates to something’s function or value. When something has utility, it has inherent or perceived usefulness to you. In today's episode we cover the mental model of utility, both in a general sense as well as in the context of investing. At the end of the episode, we review Tai Lopez’s 4 Ms of Motivation.Today’s Sponsor: FinnyvestAt Finnyvest you can get an unbiased, rules-based bull- and bear-case analyses of US stocks and funds. Rules-based in key—as the same criteria are applied to all stocks (or...
2021-03-1724 minStock StoriesMondelez International (MDLZ) - The Snack Giant Behind Oreos, Ritz Crackers, And Chips Ahoy CookiesSnacks have become a huge part of the modern food system. Instead of meals cooked from raw ingredients, there are now a plethora of packaged foods available all over the world. Mondelez International is one of the dominant companies in this space, selling everything from Oreo cookies to Ritz crackers to Trident gum.In today's episode we cover the history, business model, financials, and future outlook of Mondelez International.Today’s Sponsor: FinnyvestAt Finnyvest you can get an unbiased, rules-based bull- and bear-case analyses of US stocks and funds. Rules-based in k...
2021-03-1039 minStock StoriesGameStop (GME) Part II - Stock Synthesis, Robinhood, and Market VolatilityGameStop has made some waves in recent weeks. Last week we talked about the general business, including its history and overall business models and financials. Today we wrap up our analysis of the business, discuss what a short squeeze is, and talk about the recent market volatility surrounding the stock.Today’s Sponsor: FinnyvestAt Finnyvest you can get an unbiased, rules-based bull- and bear-case analyses of US stocks and funds. Rules-based in key—as the same criteria are applied to all stocks (or funds)—so you know you’re not getting just another pe...
2021-03-0337 min
Stock StoriesMarriott International (MAR) - Success Is Never Final And The Transformation Of A Hospitality IconWith over 7,000 properties spread throughout the world, Marriott has become one of the biggest and most recognizable lodging brands out there. They have 30 different brands, each with their own distinct feel. Let's look at where Marriott came from and how we can understand this business from an investor's perspective.Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-08-2633 min
Stock StoriesMacerich (MAC) - High Quality Tenants In A Pure-Play Mall REITMacerich is one of the larger pure-play mall REITs in America, and they have several dozen properties scattered across the country. Though they have a good history of paying generous payouts to shareholders, is their very existence in trouble because of COVID-19 and the general trend of e-commerce?Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-08-1929 min
Stock StoriesSimon Property Group (SPG) - Evolution Of The Modern Mall In The Age Of E-commerceThe modern mall has existed for only a century or so, but gathering places of commerce have existed for millenia. Simon Property Group has a large portfolio of quality commercial real estate spread throughout America and in countries around the world.Say hi on Instagram: @stockstorytellerEmail me: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-08-1249 min
Stock StoriesSouthern Company (SO) - Keeping The Lights On In The Southeast United StatesIf you live in Alabama, Mississippi, Georgia, Tennessee, or Virginia, there is a good chance that you pay your electric or gas bill to Southern Company. As the second largest utility in the U.S., they serve well over 8.5 million customers.Connect with me via Instagram or email:Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-08-0535 min
Stock StoriesMental Model: Fight or Flight - Our Primitive Instincts At The First Hint Of DangerFlight or Flight is a powerful biological response to the way that we, and animals, respond to perceived threats. Either we're attacking something or we're running away from it. In this episode we cover how we can apply this mental model to our investing practice.Instagram: @stockstorytelleralex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-07-2923 min
Stock StoriesAmerican Airlines (AAL) - Travel Booms, Bankruptcy, And The World's Largest Aircraft FleetWith the largest fleet size in the world, American Airlines is one the few large "legacy" airlines. Although they suffered a big bankruptcy and merger with U.S. Airways as a result of the 2008 recession, they managed to survive. We discuss the present troubles due to COVID-19 and what shareholders could see next.Send me a message on Instagram: @stockstorytellerEmail me: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-07-2244 min
Stock StoriesMattel (MAT) - Barbie, Hot Wheels, And The Struggle For Cultural RelevanceMattel is most known for Barbie, Hot Wheels, and American Girl, which are iconic toy brands it has made over the years. They also own the card game UNO and make various toys and games licensed from hit kid's movies.Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-07-1539 min
Stock StoriesHasbro (HAS) - Classic Games And The Dying Art Of Toy-makingAs one of the largest toy and game company's Hasbro makes classics like Monopoly, Jenga, and Twister. They also brands such as Transformers and My Little Pony, and license Disney's intellectual property to make toys and games (ex. Frozen or Star Wars). Even with Hasbro's storied history, can they continue to successfully create new brands in the era of digital gaming?Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-07-0845 min
Stock StoriesMental Model: Bottlenecks - The Point Where You Can Go No FurtherBottlenecks are limiting factors in our process - if we don't figure them out our results are limited no matter what else we do. Like many mental models, this can apply to a variety of situations, including how we manage our investment portfolios.Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-07-0117 min
Stock StoriesMarvin Barron - Tracking Political Stocks with FinePrintUnderstanding what our political leaders are buying and selling for their own portfolios is important for transparency within any country's political and economic system. Alignment of interests is key. Today's episode is an interview with investor and entrepreneur Marvin Barron, co-founder of FinePrint, a startup focused on tracking political stocks. Over discussion covers a variety of topics, including: What is the STOCK Act and why does it matter? How political data is now being tracked by investors What is political risk? What can we learn from the investment behavior of our elected officials? Co...
2020-06-2659 min
Stock StoriesLiveNation Entertainment (LYV) - Ticket Revenue, Live Events, And Making Money Through The Concert ExperienceEpisode SummaryLiveNation provides concert venues around the world, bringing iconic musicians and artists to the stage. They manage concert venues, tours for artists, and are even involved in sports management and film production. They also generate revenue through Ticketmaster, the digital ticketing service.Connect with Stock Stories!Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-06-2433 min
Stock StoriesFastenal (FAST) - Mastering Nuts, Bolts, And Keeping Customers HappyFasteners are small, seemingly insignificant items that have a big impact on our everyday lives. They're everywhere - in furniture, cars, houses, planes, and the equipment used to make all of the things that we buy. Fastenal provides not only fasteners but sells safety products, cutting tools, and many other items as well. They seem to have a great company culture.@stockstoryteller (Instagram)alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-06-1749 min
Stock StoriesEmployee Stock Purchase Plans - Leveraging Your Job To Get Stocks At A DiscountToday, we tackle a listener question about Employee Stock Purchase Plans (ESPPs). What are they, how do they work, and when we use them to our advantage as investors?Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-06-1020 min
Stock StoriesSysco (SYY) - Where The Chefs Get Their FoodThe largest food distributor in the U.S., Sysco provides both basic foods and ready to eat meals to restaurants, hospitals, nursing homes, schools, and universities. By becoming a large middleman in the industry, they are able to source foods from around the world to help create various menu options.Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-06-0333 min
Stock StoriesTractor Supply (TSCO) - Cultivating Loyalty In Retail With A Focus On The Country LifeTractor Supply is a rural lifestyle retailer - the largest in the US. Their niche is as a one-stop shop for recreational farmers, ranchers and people in rural communities.Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-05-2732 min
Stock StoriesMental Model: Leverage - The Force Multiplier Of All ThingsLeverage is a powerful tool, and how one can effectively multiply their efforts. "Give me a long enough lever, and a fulcrum on which to place it, and I will move the world" exclaimed Archimedes. There are many forms of leverage, including:Financial (debt)TimeTechnologyCommunications/RelationshipsKnowledgeHere is a link to Todd Tresidder's site, the Financial Mentor.DM me on Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-05-2028 min
Stock StoriesDeere & Co. (DE) - Taming The Land With Farm, Forestry, And Construction EquipmentFamous for their agricultural and industrial equipment, Deere & Co. has produced products for farmers and industrial customers for almost two centuries. They continue to play an important role in the economy today with farm, forestry, and construction equipment.History (03:02)Business Overview (14:55)Financials (18:58)Closing Thoughts (23:55)Say hi on Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-05-1327 min
Stock StoriesCaterpillar (CAT) - Mammoth Machines And Building The Backbone Of SocietyCAT is one of the world's largest industrial companies and produces large machines that help build infrastructure, such as roads, bridges, canals, dams, and more.History (00:03)Business Overview (00:15)Financials (00:23)Valuation and Closing Thoughts (00:30)DM me on Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-05-0643 min
Stock StoriesCopart (CPRT) - Where Cars Go To Die And Be RebornCopart is one of the nations largest auto re-sellers, and it's growing fast. Copart operates in a small niche of the market and essentially facilitates the recycling of cars and their parts buy matching buyers and sellers from across the world. They were the first auto re-seller to use a completely online auction model back in their early days in the 1990s.Send me a DM on Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-04-2950 min
Stock StoriesNestlé S.A. (NSRGY) - The World's Largest Food Company And The Power Of Iconic Consumer BrandsThe largest food company in the world, Nestlé is based in Switzerland and owns brands that span many categories, from ice cream to coffee to water to pet food.What they lack in growth they make up for in earnings quality and stability. As a massive consumer staples company that sells in virtually every country on the planet, they're not going anywhere anytime soon. In my opinion, they are probably one of the highest quality businesses in the world.DM me on Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com...
2020-04-2243 min
Stock StoriesMental Model: Omission - Sometimes The Biggest Mistake Is What You Don't DoOne of the biggest mistakes we can make is to leave something out - whether that's identifying a critical risk, not considering all reasonable possibilities, or missing an amazing opportunity. Investing well relies not just on our ability to take the right actions, but to consider what actions we shouldn't take as well. You and I don't have to get all of our investing decisions right - let's just start with avoiding the bad ones!Instagram: @stockstorytelleralex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-04-1525 min
Stock StoriesTootsie Roll Industries (TR) - Incremental Candy Profits And Sticking With What WorksTootsie Roll Industries is the company behind a lot of well-known candy brands - things like Junior Mints, Dots Gumdrops, and of course, the Tootsie Roll. Though new product developments are rare, the company does well what it has for a century - make tasty candy treats.Instagram: @stockstorytelleralex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-04-0830 min
Stock StoriesBritish Petroleum (BP) - Dramatic Highs And Lows For Britain's Oil ConglomerateBP is another one of the largest oil and gas companies in the world, and is based in the U.K. Founded over a century ago, they have operations in dozens of countries around the world.Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-04-0136 min
Stock Stories6 Investing Lessons During Times of Crisis - What I'm Thinking About Right NowTimes are hard right now. The coronavirus has officially spread around the globe, and people everywhere are adjusting their lives as a result. The financial markets have taken a big hit. Here are the six things I'm thinking about as an investor during this time:1. Nothing matters in investing if you cannot remain solvent during times of crisis2. Have general business and investing knowledge3. Have as much liquid cash as possible ready to deploy4. Prudent capital allocation matters5. Stocks behave differently during different times6. It is impossible to...
2020-03-2545 min
Stock StoriesTotal S.A. (TOT) - Exploration In Europe And Africa And The Rise of French OilThis French oil major has been around for almost a century, and managed to compete with other industry juggernauts. They have higher inside ownership than other majors, and have leading operations in Europe and Africa.History of Total (Youtube playlist) Instagram: @stockstorytelleralex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-03-1832 min
Stock StoriesRoyal Dutch Shell (RDS.B) - A Unique Partnership Between The British And Dutch For Oil ExplorationRoyal Dutch Shell was formed with two companies from two different countries joined forces to keep Rockefeller's Standard Oil at bay. It is one of the largest of the oil majors, and has a presence in over 70 countries.alex@stockstoriespodcast.comInstagram: @stockstorytellerEmail: alex@stockstoriespodcast.com
2020-03-1132 min
Stock StoriesMental Model: Irreducibility - Breaking Things Down To The Simplest They Can BeIrreducibility is the principle of breaking things down until you can't break them down any further. This can apply to processes or products. Think about the processes you observe as an investor that can be improved upon or otherwise remain unmodified based on this principle.alex@stockstoriespodcast.comInstagram: stockstorytellerEmail: alex@stockstoriespodcast.com
2020-03-0423 min
Stock StoriesChevron (CVX) - The Californian Child Of Standard OilWhen the massive Standard Oil company broke up in the early 1900s, one of the remaining companies was Standard Oil of California. This company ended up growing to become what we now know as Chevron. Like the other oil and gas companies, Chevron find, extracts, and processes petroleum, natural gas, and other related products.alex@stockstoriespodcast.comInstragram: @stockstorytellerEmail: alex@stockstoriespodcast.com
2020-02-2632 min
Stock StoriesExxonMobil (XOM) - The Volatility Of Oil Profits And John D. Rockefeller's LegacyPart of John D. Rockefeller's legacy, ExxonMobil boasts one of the world's largest expanse of oil and natural gas reserves. They help provide the raw materials for the world's energy. Though its business goes through long boom and bust cycles, companies like this can reward patient investors who can stomach significant volatility.alex@stockstoriespodcast.comInstagram: @stockstorytellerEmail: alex@stockstoriespodcast.com
2020-02-2043 min
Stock StoriesSouthwest Airlines (LUV) - Affordable Flights Backed By A Culture Focused On EfficiencyCan you feel the "luv"? Southwest Airlines, whose trademarked symbol is a colorful heart, has been dominating the skies in the U.S. for decades now. Throughout the 1990s and 2000s, they were successful at taking market share away from legacy airlines with their unique culture and simplified approach.alex@stockstoriespodcast.comInstagram: @stockstorytellerEmail: alex@stockstoriespodcast.com
2020-02-1247 min
Stock StoriesMedtronic (MDT) - Pacemakers, Robotic Surgery, and Heavy Investment In Medical DevicesAs the largest creator of medical devices in the world (by revenue), Medtronic supplies all sorts of devices used by hospitals and clinics around the world. Their background has roots in developing cardiac solutions - they created the first externally powered pacemaker in the late 1950s. Since then they have moved on to be become a leading provider of all sorts of medical devices, and have recently moved into the field of robotic surgery.alex@stockstoriespodcast.comInstagram: @stockstorytellerEmail: alex@stockstoriespodcast.com
2020-01-2934 min
Stock StoriesBoston Scientific (BSX) - Designing Technologies To Combat Parkinson's Disease And Heart FailureWho makes the devices that doctors around the world use to perform procedures to help people get healthy? Boston Scientific is one of the big producers of medical devices. From helping people with Parkinson's Disease to predicting heart failure before it happens, they have a wide array of solutions for numerous conditions. The company has decent growth prospects, but is the stock too high to make an investment worth it?---Instagram: @stockstorytelleralex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2020-01-2232 min
Stock StoriesBlackRock (BLK) - Trillions In Capital And Empire Building In The New Age Of Asset ManagementAs the world's largest investment manager, they control over $7 trillion of capital. Yes, that's $7,000,000,000,000!! Because of their scope and size, they are able to offer a wide variety of financial products to institutions and individuals. By making some key acquisitions in past years - namely Barclays iShare - they have been able to maintain a solid market share in a rapidly changing industry.alex@stockstoriespodcast.comInstagram: @stockstorytellerEmail: alex@stockstoriespodcast.com
2020-01-1539 min
Stock StoriesQ&A: Temperament and Sticking To A StrategyToday's episode addresses a listener question about temperance and sticking to an investing strategy. What are some tools we can use as individual investors to do a better job at this? I'm definitely still working on this myself, but here are some suggestions: Experiment with different ideas Keep a journal (investment-specific or otherwise) Develop and use a checklist alex@stockstoriespodcast.com Instagram: @stockstorytellerEmail: alex@stockstoriespodcast.com
2020-01-0820 min
Stock Stories100 Stock Investing Lessons - What I've Learned So Far Investing In The Stock MarketHappy 2020! To kick off the new year I decided to compile a bunch of the knowledge regarding stock investing that I have learned over the years and compile it into one episode. It's a long one but I hope you get a lot out of it! There is so much to learn in investing and what's included here is just the tip of the iceberg. Happy investing in 2020!alex@stockstoriespodcast.comInstagram: stockstorytellerEmail: alex@stockstoriespodcast.com
2020-01-011h 38
Stock StoriesBaxter International (BAX) - Manufacturing The First Artificial Kidney And The Future Of Medical DevicesBaxter International is one of the world's largest healthcare companies. Their products can be found in hospitals, nursing homes, clinics, and doctor's offices around the world. They invented a safe storage method for blood as well as the first artificial kidney, so there is a long history of innovation. In addition to Baxter's past, we also look at how we expect it to perform as an investment in the future.---alex@stockstoryteller.comInstagram: stockstorytellerEmail: alex@stockstoriespodcast.com
2019-12-2523 min
Stock StoriesPPG Industries (PPG) - Switching Product Lines And Seizing OpportunityPPG is one of the world's largest producers of paints and coatings. It's an industrial, cyclical business that has transitioned over the years from producing glass to coatings for cars, planes, and buildings. We've studied this industry on the podcast before - but how does management of this company allocate capital?Instagram: stockstorytelleralex@stockstoriespodcast.com Email: alex@stockstoriespodcast.com
2019-12-1828 min
Stock StoriesLockheed Martin (LMT) - Helicopters, Missiles, And The F-35 FighterLockheed Martin is the largest defense contractor by revenue in the U.S. They make the iconic F-35 fighter, as well as helicopters, missiles, space systems, and cyber security systems. After a lot of industry consolidation over the decades, they now boast a strong portfolio of products.alex@stockstoriespodcast.comInstagram: stockstorytellerEmail: alex@stockstoriespodcast.com
2019-12-1143 min
Stock StoriesLouis Vuitton Moët Hennessey (LVMHF) - The Magnificent Intersection Of Luxury Goods And Timeless BrandsLVMH is the premier luxury conglomerate that owns iconic brands such as Louis Vuitton, Moët, Hennessey, Christian Dior, Bulgari, Dom Perignon, Sephora, Fendy, Hublot....the list goes on, and is soon to include the iconic jeweler Tiffany and Co. that was the subject of an episode a few weeks ago.The de-centralized, vertically integrated luxury model, in addition to excellent management, has allowed LVMH's stable of Maisons to thrive for decades. It is one of the best large businesses I have ever come across.---Instagram: stockstorytelleralex@stockstoriespodcast.com...
2019-12-0449 min
Stock StoriesMental Model: Churn - Water Always Leaks From The BucketChurn is the concept that doing nothing is not the equivalent of standing still - it's moving backward. In many systems, including biological systems, insurance companies, and your portfolio - churn is a factor. It's important to keep it in mind when analyzing a company or industry, or even when different events happen to stocks in our portfolio.Instagram: stockstories1alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2019-11-2724 min
Stock StoriesMicrosoft (MSFT) Part II - The Domination Of Corporate Computing And The Evolution Of SoftwareYou can't mention computers or software in the world today without mentioning Microsoft. The now trillion dollar company has changed the way that people interact with the digital world, and they're still making waves today. With cloud computing, artificial intelligence and new operating systems, Microsoft is working hard to stay on the edge of technology. This week's show is the second of two episodes where we go into Microsoft's history, as well as its business model to try to understand it from the investor's perspective.---alex@stockstoriespodcast.comInstagram: stockstories1Ema...
2019-11-2036 min
Stock StoriesMicrosoft (MSFT) Part I - Bill Gates And The Birth Of A Computing PowerhouseYou can't mention computers or software in the world today without mentioning Microsoft. The now trillion dollar company has changed the way that people interact with the digital world, and they're still making waves today. With cloud computing, artificial intelligence and new operating systems, Microsoft is working hard to stay on the edge of technology. This week's show is the first of two episodes where we go into Microsoft's history, as well as its business model to try to understand it from the investor's perspective.---alex@stockstoriespodcast.comInstagram: stockstories1
2019-11-1330 min
Stock StoriesCentene (CNC) - Enabling Healthcare Through Acquisitions And ConnectionsCentene is the leader in providing Medicaid and Medicare health plans in the United States. Their massive growth over the last few decades has been precipitated by a changing health care climate as well as rapid consolidation of smaller competitors. Though this is a complex business that is highly regulated, the fact that the federal government funds the majority of premiums indicates stability of future revenue.---alex@stockstoriespodast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-11-0630 min
Stock StoriesREPLAY: Ross Stores (ROST) - A Consistent, No-Frills Discount Shopping DestinationI took a little vacation this week with the family and have some more research to do on the next company I plan on bringing to you. In the meantime, here's an episode of a company I enjoyed studying some time ago - retailer Ross Stores. They have continued their expansion, and even though there is a lot of doubt out their regarding the future success of retail businesses, Ross still has a lot going for it.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-10-3037 min
Stock StoriesMental Model: Law of Diminishing Returns - When Results Don't Scale Proportionally With EffortWhen we put effort into something, we expect to get the same amount of output, right? This can often be the case, but sometimes the rewards we get are not proportional to the risks that we take. For example, in portfolio construction, diversification only makes sense to a certain point before it "waters down" our overall returns. The Law of Diminishing Returns reminds us that we should be mindful of the inflection points in our investments and in our lives as well.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com...
2019-10-2323 min
Stock StoriesTiffany & Co. (TIF) - Legendary Jewelry And What Success In The Luxury Business Looks LikeTiffany and Co. is known worldwide for their high quality jewelry, particularly for their classic Tiffany diamond rings. They also sell accessories, watches, and fragrances, but the bulk of their sales come from jewelry. They have over 320 stores in over 20 countries, and have a storied history, having been in business since the 1830s. This is not a business that is highly susceptible to technology disruption, and sells classic goods where prices can be raised without much customer objection (a benefit of companies in the luxury goods sector).---alex@stockstoriespodcast.comInstagram: stockstories1
2019-10-1639 min
Stock StoriesDunkin' Brands (DNKN) - Coffee, Donuts, And Infinite Return On EquityDunkin's Brands owns the iconic Dunkin' Donuts and Baskin Robbins franchises, and has over 20,000 locations across the globe. They primarily sell coffee, donuts, and ice cream. Sounds delicious! Because of their franchise model, they are able to expand rapidly with very little investment. Although not a high growth business, Dunkin' is interesting because of their overall economics (stability of earnings), and because management has historically been diligent with returning cash to shareholders.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-10-0934 min
Stock StoriesRalph Lauren (RL) - Building A Fashion Brand By Being PreppyAs one of the larger American fashion houses, Ralph Lauren produces branded clothes, shoes, and accessories. They cater toward an "Ivy League" or modern look with a lot of their clothing, and sponsor the PGA championships and on-court officials at Wimbledon and the U.S. Open. Although it is a slower-growing business, management seems to do a decent job at returning cash to shareholders, but can they reinvest effectively for growth?---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-10-0226 min
Stock StoriesMental Model: Intergenerational Transmission - The Inescapable Habits We Learn From Our ParentsHave you ever thought about the habits and beliefs that you have? Many of these beliefs were likely formed before you even had the consciousness to make many decisions to yourself. This concept applies to life more broadly, but also applies specifically to investing decisions. What brands do you purchase simply because your parents purchased it growing up? What products or services are part of your life that stem from a core belief that was passed down to you as a child? ---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-09-2528 min
Stock StoriesTapestry (TPR) - Coach, Kate Spade, And An Attempt At Diversifying FashionCoach, Kate Spade, and Stuart Weitzman are the three brands under the Tapestry umbrella, although Coach dominates in terms of sales and profits. This fashion house has been making handbags for decades, but may have lost some of their cachet in recent years. Will their diversification with the purchases of Kate Spade and Stuart Weitzman revitalize their bottom line?---alex@stockstoriespodcast.comInstagram: @stockstories1Email: alex@stockstoriespodcast.com
2019-09-1828 min
Stock StoriesUnder Armour (UAA) - An Apparel Brand Growing Appeal And Awareness, But Not ProfitsUnder Armour has gone from an up and coming sports brand in the United States to one that is now known globally. Though they have faced difficulties in recent years, Under Armour has been able to grow their brand by allying with professional and college sports teams, increasing consumer awareness.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-09-1126 min
Stock StoriesWalgreens Boots Alliance (WBA) - Drugs And Clinics On Street Corners WorldwideWalgreens Boots Alliance is one of the largest of retail pharmacies in the world. They are currently under pressure because of rising healthcare costs and the transformation of how consumers interact with retail. In spite of this, they sell billions of dollars worth of prescriptions and other goods.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-09-0430 min
Stock StoriesMental Model: The First $200,000 Is The Hardest - Compounding Money Is Hard Until It's EasyThis is adapted from advice that Charlie Munger used to give at Berkshire Hathaway shareholder meetings. Most people never build wealth or financial freedom because they never pass that critical point where they have saved enough for compounding to really start working for them.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-08-2812 min
Stock StoriesNike (NKE) - Achieving Victory Through Shoes, Sports, And Strategic PartnershipsNike is the largest footwear company and the world and it's Swoosh logo and slogans like "Just Do It" have become a big part of popular culture. Athletes around the world use their products, inspiring millions to do the same. 2019 Annual ReportAdditional resources will be posted at stockstories.co---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-08-2138 min
Stock StoriesTripAdvisor (TRIP) - The Trust Factor And Travel ReviewsOne of the most popular travel review sites, TripAdvisor is a publicly traded company that was once part of Expedia Holdings. They make money primarily through advertising while boasting hundreds of millions of users and reviews.Annual Reports---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-08-1423 min
Stock StoriesMental Model: The Path of Least Resistance (Activation Energy) - There Is A Default For EverythingWhen making a decision, there is always an option that requires the least effort. Following the path of least resistance is somewhat of a sister mental model to Occam's Razor - the easiest option may not always be the right one. Examining a decision holistically and thoroughly will help bring us the right path forward, not simply taking steps in the direction of the path that seems easiest.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-08-0718 min
Stock StoriesExpedia Group (EXPE) - Vacations-As-A-Service And Airbnb's Quiet CompetitorExpedia was one of the first Online Travel Agencies (OTAs) on the internet and is still a big player in the space today. Expedia's stable of brands primarily facilitates buying hotels online, but also supports flights, cruises and more. HomeAway, the owner of the VRBO brand, is their fastest growing segment. Expedia 2018 Annual Report Expedia 2013 Annual Report---alex@stockstoriespodcast.comInstagram: stockstories1 Email: alex@stockstoriespodcast.com
2019-07-3128 min
Stock StoriesBooking Holdings (BKNG) - Priceline, Kayak, And The Modern Digital Travel AgencyFormerly known as Priceline.com, Booking Holdings is a group of travel websites that allow people to have direct access to hotel, rental car, and restaurant listings. They are one of the bigger players in the Online Travel Agency (OTA) space. Though they compete heavily with other websites, they have delivered solid returns to shareholders.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-07-2431 min
Stock StoriesInvesco (IVZ) - International Asset Management With A Global FocusInvesco is one of America's largest asset managers with over one trillion dollars in assets under management. Their strength is in their global capabilities - they serve over 120 markets around the world. They have managed to survive in spite of a radical change in the asset management industry over the last decade, focusing on new product lines and maintaining an international presence.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-07-1733 min
Stock StoriesPlanet Fitness (PLNT) - Building Loyalty With Affordable No-Judgment GymsPlanet Fitness is a medium-sized but quickly growing gym in the United States. They operate on a franchise model and have quickly been taking market share by catering to the casual gym-goer. In this episode we look at several factors influencing the business' fundamentals, as well as valuation and future outlook. Planet Fitness 2019 10-K---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-07-1040 min
Stock StoriesMental Model: Dunning-Kruger Effect - Are You As Smart As You Think You Are?The Dunning-Kruger effect is the tendency for those who are incompetent to overestimate their competence. This "dual burden" is two fold: 1) incompetence means less capability to do things well, and 2) overestimation of one's ability means more susceptibility to blind spots and thus, catastrophic failure.---Instagram: stockstories1alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2019-07-0318 min
Stock Stories3M (MMM) - The Magic Of Materials And Engineering A Better World3M is a massive industrial conglomerate known some of its famous industrial and consumer products, like Scotch Tape and Post-It Notes. It makes a very wide array of products though, and its Personal Safety segment is growing rapidly. MIT Technology Review article discussing the new cost of productivity 3M 2018 10-K Annual Report 3M 2013 10-K Annual ReportFor information on the Personal Safety segment of the business, look at p.72 in the 2018 annual report linked above.---Instagram: stockstories1Email: alex@stockstoriespodcast.comEmail: alex...
2019-06-2627 min
Stock StoriesJ.B. Hunt (JBHT) - Heroes Of The Highway And Getting Things From Here To ThereThe largest publicly traded trucking company in America, J. B. Hunt transports all types of goods - from chemicals to cosmetics. Started as just a small fleet of trucks, it has grown immensely and now offers a variety of services to its customers.---Instagram: stockstories1alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2019-06-1921 min
Stock StoriesTake Two Interactive (TTWO) - Grand Theft Auto And The Rise Of The Modern Video Game FranchiseFamous for its Grand Theft Auto and Red Dead Redemption franchises, Take Two Interactive is one of the largest video game publishers in the world. Even though they are big, they're still smaller than competitors Electronic Arts and Activision Blizzard, so there is room for growth.---Instagram: stockstories1alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2019-06-1233 min
Stock StoriesElectronic Arts (EA) - The Gamification Of Intellectual PropertyElectronic Arts is one of the most well-known publishers of video games, specifically for its sports franchises like FIFA and Madden NFL. They also have a variety of non-sports related titles. EA was started by a former Apple employee in the 1980s and has grown exponentially since then. EA has been investing in current trends such as casual gaming and esports, but will future growth be like the past? ---alex@stockstoriespodcast.comInstagram: @stockstories1Email: alex@stockstoriespodcast.com
2019-06-0528 min
Stock StoriesMental Model: Mr. Market - Value Is In The Eye Of The BeholderMr. Market is the classic allegory first described by Benjamin Graham in his classic, The Intelligent Investor. It's a great way to think about stock prices going up and down in the short term - it's all emotional. Departures from intrinsic value DO exist, and it's our job as investors to take advantage of them if we so desire.---alex@stockstoriespodcast.comInstagram: @stockstories1Email: alex@stockstoriespodcast.com
2019-05-2913 min
Stock StoriesActivision Blizzard (ATVI) - The Business Of Video GamesOne of the largest video game companies in the world, Activision Blizzard is known for creating hit franchises such as Call of Duty, World of Warcraft, and (as of the King acquisition) Candy Crush. Their games are played by hundreds of millions of people monthly across over 190 countries.---Instagram: @stockstories1alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2019-05-2243 min
Stock StoriesEstée Lauder (EL) - The Business Of BeautyEstée Lauder always believed that every woman should feel beautiful. Her drive for innovation in the creation of beauty products was impressive, and her and her husband Joseph worked together as a team to build one the world's biggest beauty companies. With products sold in over 150 countries, Estée Lauder's skin care, make up, fragrance, and hair products are sold to women (and men) everywhere.---Instagram: stockstories1alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2019-05-1530 min
Stock StoriesPinterest (PINS) - Inspiration and Ideation Using A Visual Search EngineKnown as a visual search engine, Pinterest catalogs ideas and themes, providing inspiration for people pursuing goals or DIY projects. Although Pinterest is an ad-based platform like other social media companies, it's purpose is unique, which I think is its greatest competitive advantage.---Instagram: stockstories1alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2019-05-0833 min
Stock StoriesZoom Communications (ZM) - Taking Video Communication To The Next LevelThe video-based sharing platform has grown rapidly over the past several years, resulting in an IPO in 2019. What are the company's future prospects?---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-05-0120 min
Stock StoriesMental Model: Survivorship Bias - We See Only What RemainsJust because one or two funds, stocks, or people within a given group succeeded doesn't mean that multiple others didn't fail that we just didn't hear about. This is survivorship bias. It's important to look at an entire relevant data set when we make decisions.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-04-2423 min
Stock StoriesIntuitive Surgical (ISRG) - Robotic Surgery And The Future of Medical ProceduresRobotic surgery is here. Intuitive Surgical is one of the leaders in this space. It's not just surgeons with hand tools performing procedures anymore - humans are working in concert with machines to operate on patients with more precision and accuracy than ever before. ---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-04-1739 min
Stock StoriesLyft (LYFT) - Ride-Sharing and The Fractionalization Of DrivingLyft just had its IPO and its the fastest growing company we've yet to cover on this podcast. It also has no profits! How do we reconcile those two pieces of information as investors? In this episode we take a look at the ridesharing business model, or TaaS (Transportation as a Service) from the lens of the Lyft company.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-04-1039 min
Stock StoriesAdobe (ADBE) - Creativity Unleased To Generate Recurring Revenue Again and AgainPhotoshop. Premiere. PDFs. These are all innovations from Adobe - one of the top software companies for creative professionals. With the rise of the internet and content creation, I think Adobe is well positioned for future success. The trick is the price...how much to pay for fast growth?---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-04-0334 min
Stock StoriesDowDupont (DWDP) - Chemicals, Plastics, and AgricultureDowDupont is a chemical producer that makes everything from plastics to pesticides to industrial materials. They are the result of the Dow and Dupont merger in 2015, and are soon to be split into three companies in mid-2019.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-03-2724 min
Stock StoriesDomino's (DPZ) - The Rise of Pizza Delivery, Combined With the Franchise Business ModelIt's the number one pizza chain the world. Although not part of the S&P 500 as of early 2019, based on its current growth I believe it will be in time. We talk about how Domino's has changed over the years, and dig into the financials.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-03-2031 min
Stock StoriesMental Model: Synergy (Cooperation) - 1 + 1 = 3Synergy is simple idea that 2 + 2 = 5. The whole is greater than the sum of the parts. This can be seen in household economics, biology, and investing (just like many other mental models, this one applies to multiple fields of study).Business Insider article: Uber and Lyft---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-03-1318 min
Stock StoriesWendy's (WEN) - Fast Food With A Square PattyFounded by Dave Thomas in the 60's, Wendy's restaurants have become another well known place to get a hamburger and fries. We look at the history of the franchise, as well as the recent financial data to better understand Wendy's as a potential investment.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-03-0634 min
Stock StoriesMcDonald's (MCD) - Birth of the Drive-Thru and the World's Obsession With Burgers and FriesThis episode is all about burgers, fries, and real estate. The fast food phenomenon can trace its origins to the growth of the suburb and car ownership in America. McDonald's (via Ray Kroc) took advantage of these trends and, combined with a focus on efficiency, took the world by storm with one of the most widespread brands in the world.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-02-2037 min
Stock StoriesReviewing Your Portfolio - More Than Picking Stocks, Wealth Is Built and Preserved With Prudent Portfolio ManagementLet's take a step back for a moment. From everything and everyone that I have studied, becoming a successful investor is about more than picking great stocks. Portfolio management is really important too. Today we discuss some the importance of reviewing your portfolio's holdings to make sure that you are actually on track toward achieving your goals.---Instagram: stockstories1Email: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2019-02-1413 min
Stock StoriesDaVita (DVA) - Combating Kidney Disease In An Increasingly Unhealthy WorldDaVita helps people dealing with ESRD, or End Stage Renal Disease. It is a problem affecting more and more people in America and worldwide, with diabetes on the rise. Listen to learn more about one of Warren Buffett's top holdings.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-02-0634 min
Stock StoriesMental Model: Pareto Principle - The Law of The Vital FewIt's the 80/20 rule, also known as the Law of the Few. It's a pattern that emerges in different phenomena - 20% of the causes are responsible for 80% of the effects. In this episode we explore the implications of this mental model in investing, and see how it applies in other areas of life as well.---Instagram: stockstories1Email: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2019-01-3023 min
Stock StoriesApple (AAPL) - Substance, Style, and Innovation Combine To Create Massive Shareholder WealthApple is one of the largest computer and electronic companies in the world. It is known for its highly engineered, high quality (and high priced) products. Over the decades it has found a way to innovate, from the first Apple I to the Macintosh, to the iPhone. With the initiation of a dividend and large stock buybacks a few years ago, Apple is maturing, but that does not mean the growth story is over yet.---alex@stockstoriespodcast.comInstagram: stockstories1Email: alex@stockstoriespodcast.com
2019-01-2446 min
Stock StoriesWalmart (WMT) - Hello Retail, Meet Insane EfficiencyWalmart, now the world's largest retailer, started out as a small five-and-dime store in rural America. Sam Walton, its founder, gradually created the retail empire, which now consists of over 11,000 stores. It has been one of the most profitable stocks that you could have invested in over the past several decades. In today's episode we take a look at Walmart's past and present in order to make a sound judgment about it's viability as a potential investment.---Email: alex@stockstoriespodcast.comInstagram and Twitter: stockstories1Email: alex@stockstoriespodcast.com
2019-01-1732 min
Stock StoriesFacebook (FB) - The Birth of A New Type of Social NetworkIt is the world's largest social media company, and its rise as a cultural influence has been nothing short of extraordinary. In this episode we discuss Facebook's rise first as a social media empire, and then as a thriving advertising business. After discussing the financials, we'll go over some of the risks that Facebook faces going forward and what that could mean for us as investors.---alex@stockstoriespodcast.comInstagram, Twitter: stockstories1Email: alex@stockstoriespodcast.com
2019-01-1048 min
Stock StoriesOrigin of a Stock Storyteller - Where I'm Coming FromThis episode shares just a little bit about me and where I am coming from when it comes to investing.---Instagram and Twitter: stockstories1Email: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2019-01-0221 min
Stock StoriesMental Model: Second-Order Thinking - Cause Meets Effect Meets Another EffectWe often think in terms of cause of effect, as in event A causes event B. But then that's it. What about events C, D, and E? How are they related to A, B, and each other? The world is not one smooth sequence of events. If we want to understand it better, it helps to apply the principle of second-order thinking.---Instagram and Twitter: stockstories1Email: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2018-12-2612 min
Stock StoriesBritish American Tobacco (BTI) - Innovation In Spite of The Cigarette's Inevitable DeclineAlthough not part of the S&P 500, British American Tobacco is the world's largest publicly listed tobacco company. It currently exists as a company that sells brands in over 200 markets, and is constantly creating new products to combat the inevitable decline of cigarettes.Instagram and Twitter: stockstories1Email: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2018-12-1948 min
Stock StoriesConstellation Brands (STZ) - Corona, Modelo, and Fine SpiritsCorona, Modelo, Robert Mondavi, Svedka - these are just a small sampling of brands that Constellation Brands sells. They are one of the largest beer and wine producers in the world and they are number one in total alcohol sales in the United States.---Instagram and Twitter: stockstories1Email: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2018-12-1236 min
Stock StoriesPepsiCo (PEP) - Soda and Snacks Join ForcesHow can we talk about the beverage giants without first talking about Pepsi? Pepsi is not just about the iconic soda brand. They also sell Gatorade, Fritos, Cheetos, Tropicana, Quaker Oats, and a host of other products. Contrary to Coca-Cola, their strategy has been to diversify in both food and beverages.Here is the book about the chip industry referenced in the podcast.Crunch!: A History of the Great American Potato Chip---Instagram and Twitter: stockstories1Email: alex@stockstoriespodcast.comNote: Some links are affiliate links, whi...
2018-12-0531 min
Stock StoriesMental Model: Hanlon's Razor - Simple Negligence Is Often The Best ExplanationHanlon's Razor, similar to Occam's Razor, is a philosophical tool we can use to "cut down" a situation with potentially many logical explanations to just one that has a high probability of occurring. By not automatically assuming mal-intent when negative outcomes occur, we can often uncover the true source of the problem, which is often due to negligence.---Instagram and Twitter: stockstories1Email: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2018-11-2814 min
Stock StoriesCoca-Cola (KO) - The Queen of Carbonated BeveragesThis is one of the most successful firms on the planet. 3% of all liquid consumed on Earth (including tap water) is sold by The Coca-Cola Company. Today's episode is somewhat longer than usual - simply because, with a history and business model like this, there are a lot of great things to study. We get into how Coca-Cola came to be, and how the company has innovated throughout the decades to remain successful. We also discuss the challenges that the company faces going forward and its attractiveness as an investment.Here is a link to a great vide...
2018-11-2147 min
Stock StoriesTarget (TGT) - The Origin and Growth of Every Millenial's Favorite RetailerOne of the largest retailers in the United States, Target has become known for it's "upscale discount" atmosphere, experience and products. Throughout the latter half of the 20th century, Target experienced incredible growth as it expanded across the country. However, it is currently facing pressure to grow in the midst of strong competition (like Amazon), and has not grown sales or profits in several years.----Follow Stock Stories for updates on Twitter or Instagram: @StockStories1Email: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2018-11-1433 min
Stock StoriesWaste Management (WM) - Emergence From Accounting Scandal to Top Trash ProcessorWaste Management is the largest solid waste collector and processor in the country. They collect and process trash and recyclables. In this episode, other than the regular financials and history, we talk about the importance of financial transparency and straight talk from management.----Follow me for updates on Twitter or Instagram: @StockStories1Email: alex@stockstoriespodcast.comEmail: alex@stockstoriespodcast.com
2018-11-0724 min
Stock StoriesColgate-Palmolive (CL) - After 200 Years, People Still Brush Their TeethColgate-Palmolive - it's what you think about when you think about toothpaste. In fact, its products are bought by over half of the world's households. They've been around for almost a quarter of a millennium. Though not fast growing, it is probably the most stable profit engine that I have studied. With a dwindling share count, increasing dividends, and a strong international presence, CP is one of the few companies that I have researched that I can say I believe will be around in fifty years.----Follow me for updates on Twitter or Instagram: @Stoc...
2018-10-1739 min