MI154: Pricing Power & Ferrari Stock w/ Arif Karim

<p><strong>IN THIS EPISODE, YOU’LL LEARN: </strong></p><ul><li>02:03 - The importance of pricing power for a company operating in an inflationary environment.</li><li>04:06 - How an investor can determine whether a company has adequate pricing power or not.</li><li>09:39 - Why Costco has spectacular pricing power, despite its very low margins.</li><li>19:51 - The investment case for Ferrari.</li><li>42:57 - What an idiosyncratic business is.</li><li>And much, much more!</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>EPISODE RESOURCES</strong></p><ul><li>Robert and Clay’s tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank"><strong>TIP Finance</strong></a>.</li><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: <a href="https://www.theinvestorspodcast.com/millennial-investing/peter-lynch-garp-investing/" rel="noopener noreferrer" target="_blank"><strong>MI149: Peter Lynch &amp; GARP Investing w/ Robert Reynolds</strong></a>.</li><li>Related episode: <a href="https://www.theinvestorspodcast.com/episodes/value-of-netflix-w-arif-karim/" rel="noopener noreferrer" target="_blank"><strong>TIP376: The Value Of Netflix w/ Arif Karim</strong></a>.</li><li>Get a <a href="https://www.amazon.com/Audible-Free-Trial-Digital-Membership/dp/B00NB86OYE/?&amp;_encoding=UTF8&amp;tag=millenniali0e-20&amp;linkCode=ur2&amp;linkId=1c34937c3747cd4044bdc87a7823c82f&amp;camp=1789&amp;creative=9325" rel="noopener noreferrer" target="_blank"><strong>FREE audiobook from Audible</strong></a>.</li><li>Are you a looking to start investing? Check out our article on&nbsp;<a href="https://www.theinvestorspodcast.com/business/how-to-invest-in-stocks-the-ultimate-guide-for-beginners/" rel="noopener n