conglomerates
also referred to as: conglomerate
1 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Jul 1, 2025 by Shane Parrish · across every show →
Everything said about conglomerates, oldest first
Jul 1, 2025 positive
Conglomerates create growth flywheels via earnings-multiple arbitrage
“If your stock traded at a higher multiple than your target, you could buy their earnings and instantly improve your own. Do this repeatedly, and you could create growth impossible through operations alone. Growth was rewarded with a higher share multiple, crea…”