March '24 Pick

After strong execution I am forcing myself to put some skin in the game after passing multiple times.

March's pick is an attempt to improve as an investor.

This company has been one I have passed on more than once only to watch the price continue to rise due to continued execution, with help from a change in opinion from the market.

The value side of me doesn't want to pay a higher price but as I pitched the idea to a friend yesterday he reminded me that if the price was lower after continued execution, "You're probably wrong."

Today's price feels "fair" and because of the track record, runway for growth, and a business model that lends itself to high returns on capital (>20%), I am comfortable putting some skin in the game.

The WSG picks are not off to a hot start after two months. I have a time frame of years and one should view these picks with the same timeline. Monthly movements are just noise.

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