TIP652: Best Quality Idea Q3 2024 w/ Clay Finck & Kyle Grieve

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 16 August 2024

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q3 2024. This quarter, they discuss Old Dominion Freight Line. Over the past 20 years, Old Dominion has been one of the best performing stocks in the market. This seemingly boring best-in-class trucking company outperformed well-known companies like Amazon, Costco, and Microsoft. Tune into today’s episode to hear Clay and Kyle’s thoughts on Old Dominion’s business and what the prospective returns might look like going forward. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:14 - What is important to know about Old Dominion’s history going back to the Great Depression? 21:06 - An overview of Old Dominion’s business model and competitive advantages. 21:06 - The development of the LTL trucking industry over the past 20 years. 41:53 - Why Old Dominion Freight Line has similar competitive advantages to Copart. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. The Direction of the Moat by Eagle Point Capital. Books mentioned: Helping the World Keep Promises, Junk to Gold, 7 Powers. Related Episode: Listen to TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve, or watch the video. Related Episode: Listen to TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve, or watch the video. Related Episode: Listen to TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve, or watch the video. Episode Mentioned: TIP543: 100 Baggers w/ Chris Mayer. Follow Kyle on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Fundrise AT&T The Bitcoin Way USPS American Express Onramp SimpleMining Public Vacasa Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:03.0	On today's episode, Kyle and I will be covering our best quality stock idea for Q3,
0:07.6	2024.
0:08.6	This is the quarterly series where we share a quality stock that we find to be interesting and worth considering for our own portfolios.
0:15.6	Even if you aren't interested in individual stocks or necessarily interested in the company we're covering today,
0:21.1	you may find value in hearing our own thought process for how we think
0:24.4	about analyzing a business. This quarter we're going to be covering Old Dominion
0:28.7	Freight Line. Over the past 20 years Old Dominion has been one of the best performing stocks in the market
0:34.4	has their shares have compounded at 23% while the S&P 500 compounded at just 10%
0:40.4	with dividends reinvested. This seemingly boring best-in-class trucking
0:44.7	company outperformed well-known companies like Amazon, Costco, and Microsoft.
0:49.0	During this episode, Kyle and I are going to share what we learned from studying this business in its history
0:54.8	and why we believe it will be a strong performer going forward. We also share the insights we learned
1:00.0	from other investors we chatted with who own this company such as Chris
1:03.4	Mayer and Shri Vizwin both of which are previous guests on the podcast.
1:07.6	If you missed our previous three episodes of our Best Quality Idea series I've
1:11.8	linked them in the show notes in
1:13.2	case you're interested in checking those out as well and at the end of this
1:16.6	episode Kyle and I also discuss the live events we have coming up with our
1:20.2	TIB mastermind community. With that, I hope you enjoyed today's episode
1:24.2	on Old Dominion Freight Line.
1:29.8	Celebrating 10 years and more than 150 million downloads. You are listening to the
	...

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