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 5 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
Black: 5-year ROIC trajectory correlates directly with stock performance quintiles
“There is a one-to-one correlation between the direction of the ROIC over a five-year period of time and stock performance. You know, so if you break the market down into five quintiles from the top quintile where they have the most rapidly rising ROICs to the …”
Black: Costco doubles Sam's Club on sales density and ROIC
“But you look at the financial metrics of Costco, they're twice on every metric what goes on at Sam's Club. You know, same store sales are four or five percent at Costco. There may be one or two at Sam's Club. Sales per square foot at Costco, a thousand bucks, …”
Black: WCM lost almost all its $4B AUM after five years underperforming
“Running a large cap US domestic portfolio, you underperformed dramatically for five years. You get fired by pretty much all of that four billion dollars in assets.”