The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Vulcan Value Partners scaled from $1B to $20B during Falbe's tenure
“When I signed on to Vulcan, it was a one billion dollar boutique. They were large enough that I was very confident they'd be able to pay the bills. There'd be some stability, but also small enough to still be able to really perform. And that was important to m…”
Masonite and competitor Jeld-Wen control 80% of their door market
“What happened is his biggest competitor, Jeldwin, three days later, followed suit, raised their prices. Between the two of them, they own 80% of the market.”
Vulcan sold Apple at a split-adjusted $33, missing a massive run
“When I first started at Vulcan, we owned Apple, and at the time, I mean, it was just unbelievably cheap. It was like, and the iPhone that they'd released that year was not as popular as the Samsung Galaxy, which is hard to believe today, but everybody was kind…”
Falbe: Games Workshop generates 90%+ gross margins on manufacturing plastic models
“First thing you notice is, wow, they are 90% plus gross margins on producing plastic.”