The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
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every show 44 of 44
Largest portfolio weights historically drove disproportionate value in Sands strategies
“Ideally, what you'd like to see is when you're doing a look back over rolling previous five, 10 plus year basis, is that your largest weights were disproportionate Contributors to value creation for the portfolio, and then that you had fewer mistakes in your l…”
Fundamental investors drive only 10% of U.S. equity trading volume today
“When I joined SANS back in 2006, I still remember it was something like 40% of trading volumes in the U.S. At that time were still being driven by fundamental investors. If you fast forward to today, it's maybe 10% of the market that's still doing that.”
40% to 50% single-stock price swings on minor events are now common
“It's not uncommon now to see 40, 50% downward or upward stock moves in companies based on events that you historically didn't think would drive that type of short-term volatility.”
Apple's five-year stock growth was driven by valuation expansion, not earnings
“If you were to take something like Apple over the last five years, a big driver of Apple's growth has actually been valuation driven rather than earnings driven.”
Microsoft's five-year stock growth was driven predominantly by earnings
“But then if you take something like Microsoft, for example, it's seen some multiple expansion, but the predominant driver of the exceptional stock price in Microsoft for the last five years has been earnings.”
Electric vehicle adoption faces 12-to-18 month headwind from high interest rates
“We also think that we're probably in a pretty difficult digestion phase for EVs. Overall electric vehicle volumes in probably the next 1218 months, given the late impact of Higher interest rates and the wealth effect that that has on consumers and in their pur…”
MercadoLibre's fintech business now drives nearly half of its total valuation
“When we first invested in MercadoLibre well over a decade ago, there was no fintech business. That was the adjacency that they were able to leverage that relationship that they had with both buyers and sellers. And now the fintech business and the digital wall…”
Sands Capital runs 10% to 15% business-level portfolio turnover
“So across all of our strategies at Sands, we have about 20% turnover, but that actually includes trims and ads. So if you look at business level turnover, it tends to be closer to 10 to 15%.”
Asian Paints holds over a 50% market share in India
“Asian Paints, which is a lot like the Sherwin-Williams in decorative paints in India. They have over a 50% market share in a very under-penetrated market.”
Limble took 2.5 years to land its first $12/month customer
“And so it took about two and a half years to get that first paying customer. They were on the per asset plan. They were a whopping 12 dollars a month.”
Cold outbound outreach generates 30% of Limble's deals
“So through SEO and today we're still getting the majority through that way. About a year and a half ago we started an outbound arm. And so since then we've made it so that about 30% of our deals come from just like cold outreach.”
Limble generates approximately $160,000 in monthly recurring revenue
“We're doing about 160 grand a month in revenue right now.”
Limble added $210,000 in new ARR in a single month
“Like, last month, we added on about 210 K ARR, and so it's ramping up well.”
Christensen's father invested $150,000 in Limble over 18 months
“Once it started getting some traction and we were starting getting some paying customers, then he did put some cash in and it was about a 150 over probably a year and a half.”
Limble runs at 7.8% annual dollar churn and 111% net retention
“Our dollar churn is 7.8% annual. And then our net negative churn is a 111.28.”
Limble's CAC payback is 9.45 months at a $3,000 CAC
“So our CAC based in months is 9.45 and our fully weighted CAC let's use about four K where we're at right now. So we probably spend about 3000, maybe a little bit over 3000 to get a customer.”