- Feb 15, 2020
Texas Pacific Land Trust - A Compounding Capital Case Study
Texas Pacific Land Trust is a land trust company which was formed in the late 1800's after the bankruptcy of its parent company, a former railroad firm. It currently owns roughly 900,000 acres of land in West Texas and as the practice of hydraulic fracking has increased the amount of reserves that are salvageable, the acreage owned by TPL has become increasingly more profitable based on the royalties they receive from the oil and gas that is drilled under their land. Essentia
- Feb 15, 2020
Circle of Competence Issue #99
Texas Pacific Land Trust, Charlie Munger at The Daily Journal Annual Meeting, preparing for a recession, the case against REITs, Peter Thiel
- Feb 9, 2020
Circle of Competence Issue #98
Tesla: Bears, Bulls, and Spectators, real estate links, economic concentration, lessons of history, SpacEx spinning of Starlink in IPO, cost
- Feb 2, 2020
Circle of Competence Issue #97
Unit economics, Tesla's valuation, private equity companies are trading companies faster, silicon valley vs. private equity, Deepmind st