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InvestED: The Rule #1 Investing Podcast

465- Ulta's Makeup Weather Part 1

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.61.6K Ratings

🗓️ 4 May 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

How important is investing to the economy at large? While companies don’t see a direct increase on their bottom line from the secondary market, it can be very important in helping to determine the value of a business and the drive interest in the primary market. For value investors, having a strong understanding of a business’s weather, i.e. their moat, competitive advantage, and other factors that determine their long-term success, is paramount to generating returns on a multi-year timeline. From the Rule #1 perspective, that’s the key difference between investing and simply gambling on the market. After a few weeks’ break on the subject, Phil and Danielle return with part 1 of an extra long 2-part episode breaking down the weather of the makeup industry giant Ulta, and share some of their insights into their own weather analysis of their history with this business. For help identifying the durable advantage of a company you’re looking to invest in, click here for your free copy of The 5 Moats Investment Guide: https://bit.ly/3Kmb33J Topics Discussed: Primary market vs Secondary market CFO CEOs Ulta Augustinus Bader Victoria Beckham Beauty Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Everybody this is Phil Town and this is Daniel Town and there's my daughter on

0:14.6

Zoom it's so good to see you. Welcome to the Invested Podcast everybody. We are

0:22.1

deeply involved in long-term investing with a view that says that according

0:31.2

to Warren Buffett in my humble opinion if it is an asset that does not

0:39.0

produce cash flow it is not an investment.

0:44.5

Well, you know, you've never put it quite so succinctly and actually like that.

0:49.6

Yeah, a short sentence, focused on cash flow. Yeah, I can get behind that.

0:56.0

We just blew up about a billion Bitcoin people right there. Just blew them right up.

1:02.0

Are you kidding me?

1:02.7

They could care less what your fancy, succinct sentence.

1:08.0

Not even listening to this podg-gown.

1:10.7

Some guy said that investing requires cash flow.

1:15.0

Well, I'll show him with my crypto millions.

1:18.0

Yeah, I've got my crypto millions.

1:20.0

See your crypto yacht.

1:21.0

You don't have a crypto yacht. Well yet well okay so we're not into making

1:25.1

money really fast I mean we just think that if you do that you got lucky it's going

1:30.1

to Las Vegas and you you rolled the dice and you hit it.

1:33.6

And congratulations.

1:34.8

Have fun.

1:35.6

Don't put it back on the table.

1:37.8

Enjoy it.

...

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