Malcom Gladwell is back with his second season of Revisionist History. The first episode is A Good Walk Spoiled In the middle of Los Angeles — a city with some of the most expensive real estate in the world — there are a half a dozen exclusive golf courses, massive expanses dedicated to the pleasure [...]

On Tuesday Ron Baron appeared on CNBC and made some bold Tesla (TSLA) predictions. To summarize, Ron Baron believes in 2.5 years Tesla will achieve the following. By 2020, Tesla's share price will be $1,000 By 2020, Tesla will have $70 billion in revenue By 2020, Tesla will sell 1 million cars per year By [...]

What I Wish I Wrote ~ June 2, 2017

This is a great twitter thread on how Amazon is disrupting consumer brands and which items are most likely to be disrupted. And as a follow-up, the presentation from the 2017 Ira Sohn Conference on why Energizer Holdings (ENR) is a short. (Ira Sohn) The Invest Like the Best Episode with Royce Yudkoff and [...]

The potential spillover effect from President Trump's travel ban that we mentioned as a risk to our investment in Hilton is starting to show up in the data. The US tourism business is in trouble — and President Trump may be to blame. America's share of international tourism has dropped 16% in March, compared to [...]

Apple iPhone Retention Rate

Morgan Stanley released a report highlighting Apple's iPhone leading loyalty and retention rates versus Samsung. iPhone has a 92% loyalty rate in the U.S. according to Morgan Stanley. Samsung loyalty stood at 77%, LG at 59%, and Motorola at 56%. — Neil Cybart (@neilcybart) May 23, 2017