Beekeeper at NZS Capital -- I just tweet about bees and retweet stuff @bradsling says. . . Advice about bees, not investments.
Joined February 2009
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Brinton Johns retweeted
History was made at the 2024 edition of the Barkley Marathons!
Jasmin Paris became the first woman to ever finish the event, and a record-breaking five runners finished. irunfar.com/2024-barkley-mar…
It's earnings season, the sun is out and it's 60 degrees. Time for the investors @NZSCapital to take a hike!
Brinton Johns retweeted
How to Have Meetings that Don't Suck...A new paper from @bjohns3
Learn why we ♥️ to have meetings at NZS!
There are some simple suggestions everyone can implement along with some uncomfortable concepts that might require a culture shift at your org.
nzscapital.com/news/meetings
Brinton Johns retweeted
Interviews with NZS investors including recent posts from @blarsonbrf on Trane from @bizbreakdowns and @jbathgate discussing the chip industry can be found here:
nzscapital.com/media/recent-…
Brinton Johns retweeted
Trane Technologies?
This company embodies the irresistible allure of industrial pureplays
Thank you to Brett Larson and @NZSCapital for bringing this one to @bizbreakdowns
▫️ $50bn market cap (TT) yet rarely discussed
▫️ 100+ year history of between independence and "conglomeration"(Ingersol)
▫️ Epic father + son founder combo with James and Reuben Trane
▫️ Textbook equipment vs. aftermarket mix-shift story (~70%/30%)
▫️ Resi vs. Commercial segments highlights unique demand dynamics
▫️ Customer cost is split: 10% equipment, 10% maintenance, 80% energy costs (...think about how that drives pricing vs product considerations)
▫️ Secular opportunities (decarbonization) in what you'd assume is a cyclical industry
▫️ Operating system comes with Toyota DNA and 25% incrementals
BONUS points:
👁🗨Rebranding HVAC as "climate control" is worth a 20% premium. No questions asked
👁🗨Reuben started career at Milwaukee Tools in 1910... fun to think about the "resume building corporations" of yesteryear
Brinton Johns retweeted
Feels a little weird to read this from our June 2020 op-ed and see it essentially finally happening today, with some help from the government. The Apple issue seems especially true more than ever. In many ways this was, and still is, inevitable.
marketwatch.com/story/a-semi…
For 99% of my investing career supply chain "resilience" meant optimizing for efficiency. "Resilience" now means optimizing for geopolitical risks, ie. sustainability or longevity. This means the world will get less efficient, less homogenous and more diversified.
I don't have any judgement about this, I'm just trying to clarify the observation. What I, and everyone else, thought of as "resilient" is now fragile. And what was fragile, ie, not optimizing for maximum efficiency, is now resilient.
Brinton Johns retweeted
List of people with zero proven track record of predicting the future of the economy:
-Fed employees
-Venture capitalists
-Public market investors
-CEOs
-Economists
-Approximately all 8B people on planet Earth
nzscapital.com/sitalweek/red…
Brinton Johns retweeted
The NZS Capital investment team joined @gilbert and @djrosent and the @AcquiredFM audience to talk Complexity Investing:
youtube.com/watch?v=zc6BJ-CU…
Brinton Johns retweeted
Reminder - tomorrow is our talkback with the @NZSCapital guys! We'll be on Zoom at 4 PM PT discussing the ideas in their Complexity Investing whitepaper.
Register here: us02web.zoom.us/meeting/regi…
Brinton Johns retweeted
Spoke about AMD and Non-Zero-Sum value drivers for tech ecosystems; and the deflationary power of tech this morning on @CNBCTechCheck with @jonfortt and @carlquintanilla
cnbc.com/video/2022/08/03/co…
Brinton Johns retweeted
Phase transitions and the supply chain: It's most helpful to think of semi cyclicality from a systems perspective. Let's use traffic as a mental model to better understand cyclicality. A 🧵
Brinton Johns retweeted
Great conversation with NZS's @joe_furmanski on Cloudflare and security.
Glad to hear that this is going to end up being a two-parter.
Deep Dive: Cloudflare $NET w/ @joe_furmanski
- What does Cloudflare do? What value do they provide to customers?
- Can Cloudflare compete with AWS? Do they need to?
- Thoughts on management? Thoughts on valuation?
Spotify➡️open.spotify.com/episode/3mt…
Apple➡️podcasts.apple.com/us/podcas…
