ARCHIVES: Third Quarter 2018

Why First Republic is a Retail Franchise with Superior Service for High Net Worth Individuals

16 August 2018 | by Paul Perrino, CFA

In January, Ensemble Capital’s president and chief investment officer, Sean Stannard-Stockton, discussed our investment in First Republic Bank (FRC) at […] READ ARTICLE

Investing in an Age of Disruption

8 August 2018 | by Todd Wenning, CFA

At a recent conference, Jorge Paulo Lemann, co-founder of Brazilian investment firm 3G Capital, told the audience that he’s “a […] READ ARTICLE

Ensemble Fund Investor Letter – Second Quarter 2018

26 July 2018 | by Paul Perrino, CFA

Below is the Q2 2018 quarterly letter for the Ensemble Fund (ENSBX). This quarter’s Company Focus is on L Brands […] READ ARTICLE

Netflix and the Rise of Global Scale Media (or How Media Learned to Love its Customers)

20 July 2018 | by Arif Karim, CFA

Netflix (NFLX) has been one POWERHOUSE of a stock with incredible performance, up approximately 3700% since 2012 vs the S&P 500 up […] READ ARTICLE

Two Shortcomings of Quality Screens

16 July 2018 | by Todd Wenning, CFA

Michael Lewis’s classic book, Moneyball, describes how the Oakland Athletics baseball team used quantitative analysis in the early 2000s to […] READ ARTICLE