Posts by Arif Karim, CFA
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Schwab Kills Commissions to Feed its Flywheel of Scale
28 October 2019On September 26, Interactive Brokers announced its Interactive Brokers Lite service, offering commission-free trading on all US listed stocks and […] READ ARTICLE
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The Empire Strikes Back! Netflix and the Impending Competition
5 September 2019“The son of [Reed Hastings] must not become a Jedi.” Much to the chagrin of the traditional media Empire industry, […] READ ARTICLE
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Joining the Winner’s Club with Ferrari
10 January 2019Source: Ferrari We were fortunate to be invited to an important customer event Ferrari held last September at its headquarters […] READ ARTICLE
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Netflix’s Pricing Power
18 October 2018Netflix (NFLX) has demonstrated a torrid pace of growth since launching its stand-alone streaming video service in 2011, with paying […] READ ARTICLE
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Elon Musk, Google and the Battle for the Future of Transportation
2 October 2018Legendary investor and observer of human nature Charlie Munger has said of Tesla and Elon Musk: “Tesla has already created […] READ ARTICLE
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Netflix and the Rise of Global Scale Media (or How Media Learned to Love its Customers)
20 July 2018Netflix (NFLX) has been one POWERHOUSE of a stock with incredible performance, up approximately 3700% since 2012 vs the S&P 500 up […] READ ARTICLE
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The iPhone is Dead! Long Live the iPhone!
4 May 2018The Wall Street Journal published an article this week quoting me saying “The high end of the smartphone market where Apple […] READ ARTICLE
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FUN with Ferrari’s F.U.V.
14 August 2017Source: AutoEvolution.com A year ago, when Ferrari’s well-regarded CEO, Sergio Marchionne, was asked if it would jump into the high […] READ ARTICLE
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Ferrari Sells Veblen Goods, Not Cars
20 July 2017The post below is an excerpt from the recent ENSEMBLE CAPITAL QUARTERLY CONFERENCE CALL. You can read the full transcript HERE. Ferrari […] READ ARTICLE
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Tesla vs. Ferrari – What RACE and TSLA tell us about the winning formula for stocks
25 May 2017Source: Bloomberg Tesla (TSLA) has garnered a huge amount of attention from the media, consumers and investors over the past four […] READ ARTICLE
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Ensemble Capital Client Call Transcript: L Brands
26 April 2017We recently hosted our quarterly client conference call. You can read a full transcript here. Below is an excerpt from […] READ ARTICLE
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Stock Prices and Business Values
15 February 2017The chart depicted below charts the prices of the following companies and index (in alphabetical order): Amazon, Apple, Facebook, Google, […] READ ARTICLE
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How Apple Creates Value… By Creating Customers
20 September 2016Line outside NY 5th Avenue Apple Store Line at the opening of Shanghai Apple Store Sources: idownloadblog.com, phonearena.com, nymag.com, iclarified.com […] READ ARTICLE
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Of Moats & Media – Part Deux: Disruption!
16 August 2016In our previous post on moats in the media space, Setting the Scene, we discussed the history of the US […] READ ARTICLE
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Of Moats & Media – Part 1: Setting the Scene
9 June 2016Long-term investors in quality companies always need to be on the lookout for disruptive changes that might impair a company’s […] READ ARTICLE
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Why Apple’s iPhone Franchise is Sustainable
5 May 2016Apple has recently reported its first revenue decline in over a decade fueling concerns that we’ve reached “peak iPhone”. Similar […] READ ARTICLE
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Manual of Ideas Interview with Sean Stannard-Stockton
20 April 2016The Manual of Ideas is a wonderful investment newsletter with the tagline, “Value-oriented Equity Investment Ideas for Sophisticated Investors”. It features […] READ ARTICLE
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Moats: Protection from Barbarians at the Gates
10 March 2016Earlier this week we discussed the quality first approach we use in our investment process at Ensemble Capital. In that […] READ ARTICLE
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China Growth Scare More Nuanced Than You Think
4 February 2016China has been in the headlines a lot lately, especially as it relates to their economy slowing, spurring global markets […] READ ARTICLE
