
Fran | ICT Python Dev
662 posts

Fran | ICT Python Dev
@ffrangarcia1
I automate lead generation for agencies | 600+ leads/month on autopilot | Python + AI











Many of you asked what the ~200 investable companies actually are. Hohn won’t publish his list. Here are 50 names that fit his framework. Real moats, irreplaceable assets, pricing power above inflation. The hunting ground. AEROSPACE & ENGINES (duopolies, IP, installed-base lock-in) – GE Aerospace – Safran – Rolls-Royce – Airbus – TransDigm – HEICO – MTU Aero Engines – Howmet Aerospace PAYMENTS NETWORKS (network effects, “toll roads on commerce”) – Visa – Mastercard – American Express RATINGS, DATA & EXCHANGES (regulatory and natural-monopoly moats) – Moody’s – S&P Global – MSCI – Intercontinental Exchange – CME Group – Deutsche Börse – London Stock Exchange Group – Experian – Equifax – Fair Isaac (FICO) AIRPORTS, TOLLS & CONCESSIONS (irreplaceable physical assets, regulated dual-till) – Aena – Ferrovial – Vinci – Eiffage – Getlink (Channel Tunnel monopoly) – Flughafen Zürich – Grupo Aeroportuario del Pacífico – Grupo Aeroportuario del Sureste – Auckland Airport – Transurban (Australian toll roads) RAILS (natural monopoly networks, irreplaceable rights of way) – Canadian National Railway – Canadian Pacific Kansas City – Union Pacific – CSX – Norfolk Southern TOWERS & ESSENTIAL INFRASTRUCTURE (irreplaceable physical sites) – American Tower – Crown Castle – Cellnex – SBA Communications ESSENTIAL SERVICES (permits, route density, switching costs) – Waste Management – Republic Services – Veralto – Ecolab – Rollins INDUSTRIAL GASES (oligopoly, irreplaceable on-site infrastructure) – Linde – Air Liquide – Air Products SEMICONDUCTOR INFRASTRUCTURE (irreplaceable IP and capital intensity) – ASML (lithography monopoly) – TSMC (leading-edge foundry monopoly) – Tokyo Electron CONSUMER & MISC (membership economics, real installed base) – Costco What unites them: high barriers to entry, pricing power above inflation, decades of installed-base lock-in, and businesses that an AI agent cannot replicate in a weekend. What’s missing: every bank, every airline, every auto, every traditional retailer, almost all SaaS, every wireless telecom, every advertising agency, every fossil fuel utility, every luxury brand, almost all of pharma, almost all of life sciences tools. The exclusion list does more work than the inclusion list. The list isn’t the alpha. The framework is. Find businesses where the moat is physics, regulation, scarcity, or installed base. Not code. Hold them for 8 years. Don’t trade. That’s the game.


























