Incremental Insights #40
A weekly collection of mostly investment related links
Sure Friends Betrayed
Trump's trade war threats against Mexico & Canada could devastate our closest allies. With 45% of Mexico's GDP and 34% of Canada's GDP tied to US trade (vs just 7% for US), these nations face 4-5x greater economic damage than the US from proposed tariffs.
Letter #121: Reece Duca (2014)
How Reece Duca's Investment Group of Santa Barbara built success through unconventional choices - staying in Santa Barbara, managing internal capital only, and fostering a tight-knit partnership culture.
LVMH: Guardians of Tradition, Engineers of Desirability
With €400B market cap and 75 luxury brands, LVMH has mastered the art of selling dreams through heritage. Their secret? As Bernard Arnault says, "desirability, desirability, and desirability" - backed by centuries of royal connections and unmatched craftsmanship.
Interviewing The Stock Archeologist
Friend of the newsletter, NASDUCK is launching a new quant based trading system. While I'm a more of a slow trader, buying and holding great businesses, I recognize the value of quant/algorithmic trading systems. If you’re interested in systematic algorithmic trading then check this out.
Defense & Aerospace Report
A good wide ranging discussion on tariffs and the aerospace industry and then Boeing’s $20 billion NGAD win with the F-47 and what it means for the F-35 and Lockheed Martin.