Sunday Finds + 2022 Recap
Expect more of the same from us in 2023
Welcome to Chit Chat Money’s Sunday Finds + 3 Thoughts From Last Week. In this newsletter you will find three topics I thought about last week, links to shows we’ve recently released, and links to some interesting articles, podcasts, and tweets. Check out the archive here.
Podcasts From Last Week:
Moody’s: An Impenetrable Moat? With Joe Kowaleski (Ticker: MCO)
Investing Power Hour #39: 2022 Year in Review, 2023 Bold Predictions
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Brett and Ryan’s Favorite Podcast Episodes From 2022
At Chit Chat Money, we produce a lot of investing content. In 2022 alone we covered over 100 companies on our “Not So Deep Dive” and interview shows.
That is why we thought it would be helpful for new listeners (or potential listeners who just subscribe to this newsletter) to handpick some of our favorite episodes from 2022 as we roll into the new year.
Ryan and I both picked our three favorite Not So Deep Dive and interview episodes we released in 2022. If you missed them when they first came out or are new to the podcast, give these episodes a shot. I don’t think you’ll be disappointed in what you will learn.
(These links will direct you to Spotify, but you can listen to the episodes for free wherever you get your podcasts)
Ryan’s Favorite Not So Deep Dives of 2022
Why We Own Autodesk - December 5th.
Xbox - September 13th.
Carvana - June 7th.
Ryan’s Favorite Interviews From 2022
Brett’s Favorite Not So Deep Dives of 2022
Sweetgreen - April 19th
The Hershey Company - May 31st
Charter Communications - June 28th
Brett’s Favorite Interviews From 2022
Happy new year everyone! We are excited to keep chugging this train along in 2023.
See you next week,
Brett
***Our fund, Arch Capital, may own securities discussed in this newsletter. Check our holdings page and read our full disclosure to learn more.***
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3 Good Reads
The China Situation Isn’t As Bad As It Looks, It Is Far Worse - The New Normal
In modern times, every student of a certain age learns the basic outline of the Second World War in Europe. Basically, this super evil guy named Hitler led this creepy party called the Nazis to take over the world, but they were halted by this really steely Brit named Churchill until the Americans, Russians, and other Allies who we’ll never live up to marched in and saved the day.
This answer isn’t wrong, per se, but it only gets partial credit. Rather, the more complex and accurate view of the rise of Nazism—the view by which Nazi leaders were later prosecuted at the Nuremberg trials—is of Germany’s clandestine rearmament and subsequent conquests as an international criminal conspiracy.
A Framework to Think About Google’s AI Worries - Metacritic Capital
Trying to make a general engine that could be a step function against Google is an insurmountable task, akin to trying to make a monkey recite poetry on a pedestal, but the work in Large Language Models from companies like OpenAI and Meta raises concerns for GOOGL 1.12%↑ bulls (like me) of whether Google moat could be under attack. This doesn’t mean that Google’s being disrupted in the next 5 years or that the risk is high, just that one should interpret this as “bad for Google” and try to describe the magnitude.
The Freight Train That Is Android - Above the Crowd
This is the part that amazes me the most. I don’t know if a large organized industry has ever faced this fierce a form of competition – someone who is not trying to “win” in the classic sense. They want market share, but they don’t need economics. Imagine if Ford were faced with GM paying people to take Chevrolets? How many would they be able to sell? What if you received $0.10 for every free Pepsi you consumed? Would you still pay $1.50 for a Coke?
1 Good Podcast
Andrew Carnegie - Founders Podcast
What I learned from rereading The Autobiography of Andrew Carnegie by Andrew Carnegie.
