Great company. But I still think that it has to grow into the valuation first. Multiple compression is not entirely unlikely here. I'm also not quite sure how consistently high growth can be maintained. In other words, I think that investors are very spoiled by MSCI and have correspondingly high expectations that are relatively easy to disappoint. However, I will get back in if there is a good setback.
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@TaxesAreTheft safe I'm also not sure how growth will continue. On the one hand, I see the trend that more and more people have to go to the capital market, on the other hand, the valuation is already high and secondly, more and more competitors are positioning themselves in the index width. But above all the valuation is the bigger problem
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•@topicswithhead Also, economically "bad" times hit MSCI particularly hard, as people pull the money out of the ETFs and the AUM shrink even faster. But the general business model is simply extremely cool with the margins and ROCE.
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