Jubilant Foodwork -10% in pre-open

Organization bigger than the individual will be tested again?

Reaction when Ajay Kaul resigned: -8.2% intraday, closed -5.4%

Since Pratik Pota took over: +417%

#jubilantfoodworks #StockMarket #Nifty

Has more than 70% market share in organized pizza market

Stock -28% YTD
Trades at 59x now vs 78x at its peak
Challenges ahead for Jubilant Foodworks

-Find a successor
-Consumer inflation impacts discretionary spends
-Difficult to take another price hike
-Freight & delivery bill to be impacted by fuel price hikes

#dominospizza

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1/ Some initial thoughts on personal moats:

Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.

Characteristics of a personal moat below:


2/ Like a company moat, you want to build career capital while you sleep.

As Andrew Chen noted:


3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized

Things that might get commoditized over time (some longer than


4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.

After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.

5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.

In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Still wondering about this 🤔


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