MI Rewind: Pricing Power & Ferrari Stock w/ Arif Karim

<p>Clay Finck chats with Arif Karim about the importance of pricing power, the investment case for Ferrari stock, and much more!</p><p>Arif is a senior investment analyst at Ensemble Capital. Before joining Ensemble Capital, he was a senior investment analyst and co-portfolio manager at Kilimanjaro Capital.</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>02:03 - The importance of pricing power for a company operating in an inflationary environment.</p><p>04:06 - How an investor can determine whether a company has adequate pricing power or not.</p><p>09:39 - Why Costco has spectacular pricing power, despite their very low margins.</p><p>15:52 - The investment case for Ferrari.</p><p>38:58 - What an idiosyncratic business is.</p><p>And much, much more!</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out Ensemble Capital’s Blog: <a href="https://intrinsicinvesting.com/" rel="noopener noreferrer" target="_blank"><strong>Intrinsic Investing</strong></a>.</li><li>Related episode: Listen to <a href="https://link.chtbl.com/MI149" rel="noopener noreferrer" target="_blank"><strong>MI149: Peter Lynch &amp; GARP Investing w/ Robert Reynolds</strong></a>, or watch the <a href="https://www.theinvestorspodcast.com/millennial-investing/peter-lynch-garp-investing/" rel="noopener noreferrer" target="_blank"><strong>video</strong></a>.</li><li>Related episode: Listen to <a href="https://link.chtbl.com/WSB376" rel="noopener noreferrer" target="_blank"><strong>TIP376: The Value Of Netflix w/ Arif Karim</strong></a>, or watch the <a href="https://www.theinvestorspodcast.com/episodes/value-of-netflix-w-arif-karim/" rel="noopener noreferrer" target="_blank"><strong>video</strong></a>.</li></ul><p><br></p><p><strong>NEW TO THE SHOW?</strong></p><ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/mi-starter-packs/" rel="noopener n