In principle, the list includes good quality companies. However, my toenails roll up when I see Palantir, Robin Hood and Roblox on the same list as Costco, Mastercard and Microsoft.
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@RealMichaelScott The list includes companies with above-average corporate quality and solid sales growth at the same time - the prerequisite for long-term compounders. No Nestle's or biotechs of this world that fulfill only one of these components. No dividend-focused companies either, as the focus is on growth. Agree with you: the companies on the list can be assigned to a spectrum. Names like Roblox or Robinhood definitely belong to the weaker end because they still have to prove that they are sustainable compounders. With Roblox specifically, I dislike a few things, e.g. the high SBC, insider selling, etc. You can see them as a bolder choice in a concentrated portfolio, but they are my first picks. I have deliberately not replaced them with Visa or Meta, for example. I disagree with you about Palantir. They fulfill both criteria, but are not worth buying above €40-50.
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•In principle, I don't criticize the selection, because it's always subjective and there are always companies that you personally don't like.
In the case of Palantir, for example, I also see SBC as a huge problem. There is an incredible amount of dilution at the expense of the shareholders.
In the case of Palantir, for example, I also see SBC as a huge problem. There is an incredible amount of dilution at the expense of the shareholders.
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•@RealMichaelScott SBC also bothers me. You have to keep an eye on it. However, this is not a special feature of growth companies, but a normal feature. This point alone would not be an exclusion criterion for me if I get a growth company with high quality in return.
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•@RealMichaelScott What is wrong with Palantir and Robin Hood now? Robin Hood in particular has super-strong growth prospects and is constantly expanding its range, with significantly more trading at volatile times.
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@Konstantin85 Growth alone is not a sign of quality for a company.
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•@RealMichaelScott But we weren't talking about quality in the compilation, but about the risk/reward ratio ;)
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•@RealMichaelScott You're right, but Palantir has much more to offer than just growth and a high SBC. But the nice thing is that you can invest in whatever you want and don't have to chase after everything.
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•@Konstantin85 If you are talking about a good CRV in the long term, I can think of much better values. That's not a criticism, just my subjective assessment. Just as the original comment was a purely subjective assessment on my part. Fortunately, you can invest in whatever you want and I can invest in whatever I want 🤓
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