$MRSH $AJG and $RYAN feel very interesting at these prices.
Marsh and AJG have great relationships and don’t just work in simple quote comparisons.
Ryan works in hard to place risk with bespoke terms
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Return on Cap
6.9K posts
Return on Cap
@returnoncap
Patience, consistency, discipline, rationality. Aggressive Saving. Conservative Investing.
Katılım Kasım 2021
481 Takip Edilen5.9K Takipçiler
My $SPGI assessment:
Credit ratings: impossible (duopoly)
S&P indexes: impossible
Energy/commodities: very hard (benchmarks used industry wide)
Market intelligence: medium hard (competition but embedded with switching costs. Some weaknesses)
Mobility: medium (getting spun)
Daniel Pronk@PronkDaniel
$SPGI is at its lowest fwd P/E since the bottom of covid. I'm looking into the name now. One of my questions is: How challenging would it be for someone to replicate the data S&P has?
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Feeling overstimulated by the amount of opportunities that need assessing.
I’m seeing very interesting things in:
Software where the software isn’t the moat
Insurance brokers
Consumer staples
Financial services
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@RAMCOCAPITAL Only showed up on the company register as of the end of 2025 so maybe he’s only recently hit a disclosure threshold
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Chris Hohn owns 8% of Vinci as of the end of 2025. Probably because of its concessions segment that operates motorways, airports, railways and stadiums.
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@breadcrumbsre Wingstop and McDonald’s don’t seem terrible here
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What’s historical track record of buying consumer stocks at this level of consumer confidence
The Kobeissi Letter@KobeissiLetter
Americans have never been more worried about the economy: The Consumer Sentiment Index fell -1.7 points in May, to 48.2, an all-time low. This comes as current conditions dropped -4.7 points, to 47.8, also a record low. Furthermore, the perceived financial situation among Americans declined to the lowest since 2009. As a result, the Consumer Sentiment Index is now -13% below the 2008 Financial Crisis low. By comparison, during the 1980s recession, this metric bottomed at ~52.0 points. Consumer sentiment is at crisis levels.
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@BillBrewsterTBB Do you know much about the culture at capital one on the ground?
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@returnoncap Yeah. Generally he just said the ability to do anything in the company ground to a halt.
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Im watching $COF with eagerness as they continue to transtion to Discover. Im very interested to see how they fare with general lower merchant acceptance, what sort of fees they will charge merchants for Discover, low international acceptance. Highly interesting thing to follow.
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@BillBrewsterTBB thats quite typical of tech companies now tbh. Not the meeting part though, that’s ridiculous
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@returnoncap It doesn’t sound like it can get much worse.
At one point it got to the point where he had to schedule meetings on Wednesday because Work From Home had gone so far everyone was only in the office once per week.
That is just one of many examples of how silly that place got.
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@returnoncap I know someone that spent his career at Discover. Listening to him talk about what that company became since COVID was truly depressing.
Productivity about to fly.
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Very interesting fundamentals from $SHOP
Jerry Capital@JerryCap
Amazing charts on $SHOP from MBI What a monster growth story.
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In my mind, Claude is a slightly rotund bearded high school history teacher, who himself went to an Ivy League university, but was a lot more energized by the idea of helping bright young people find their voice, rather than pursuing a higher paying careerist lifestyle.
Joe Weisenthal@TheStalwart
You should add the phrase “doing real work” to the list of signs that the text you’re reading was probably generated by Claude.
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There’s some great companies in here if you have any duration
Koyfin@KoyfinCharts
The worst performing stocks in the S&P 500 this year 👇
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