MI154: Pricing Power & Ferrari Stock w/ Arif Karim
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 29 March 2022
⏱️ 58 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:03.1 | And so the most exclusive, most limited models are reserved for their best customers. |
| 0:08.1 | And these are the ones that, you know, get access to actually be able to buy, you know, |
| 0:11.4 | a million or $1,000 Ferrari. |
| 0:12.7 | And the crazy thing is that if you get an invitation, you don't say no. |
| 0:16.5 | Because once you get delivery of this Ferrari on your driveway, once it gets your driveway, |
| 0:21.4 | it's immediately worth much more than what you take for it because of that big difference |
| 0:25.4 | in supply and demand. |
| 0:30.4 | On today's episode, I am joined by RF Kareem. |
| 0:34.1 | RF holds a degree in economics from MIT and is a senior investment analyst at Ensemble |
| 0:40.3 | Capital. During the episode, we chat about the importance of pricing power for a company |
| 0:45.3 | operating in an inflationary environment, how an investor can determine whether a company has |
| 0:50.2 | adequate pricing power or not, why Costco has spectacular pricing power despite their |
| 0:56.0 | very low margins? The investment case for Ferrari? What an idiosyncratic business is? And a whole |
| 1:02.3 | lot more. I was personally impressed with the relationship that Ferrari has built with their very |
| 1:07.5 | loyal customer base, so make sure you stick around to hear all about it. |
| 1:15.7 | They've built what some would call a cult-like following, which can make for a very profitable business, as customers tend to not be very price sensitive. |
| 1:19.3 | All right, with that, I hope you enjoy today's episode with RF Kareem. |
| 1:24.1 | You're listening to Millennial Investing by the Investors Podcast Network, where your hosts, Robert Leonard and Clay Fink, interview successful entrepreneurs, business leaders and investors to help educate and inspire the millennial generation. |
| 1:49.7 | Hey, everyone. Welcome to the Millennial Investing Podcast. I'm your host, Clay Fink. And today, I'm joined by Arif. Pleasure to have you on the show. Hey, thanks, Clay. I'm very excited to be on the show. |
| 1:56.0 | I'm a big fan of you and your team. You guys put out some great content. So I'm really honored to be |
| 2:01.3 | chatting with you. Thank you. I really appreciate that. Now, in preparation for our conversation, |
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