Hey guys! This episode we got Alex Morris. Alex is the man behind the substack: The Science of Hitting. This is second time we have Alex as a guest and on this episode we talk all things Retail. We covered a lot of topics ranging from why he likes retail businesses, to Target’s latest quarter reports, the bull case for Five Below, retail’s KPI and unit economics, and the difference between the Dollar Tree and Dollar General.
[0:00] Who is Alex Morris?
[5:50] Changing your Investment Philosophy.
[7:50] Finding Great Founders
[9:50] Jack Dorsey
[13:00] Position Size
[21:00] Managing a Portfolio.
[26:00] Why Alex likes Retail Stocks
[31:00] The KPI of Retail Businesses?
[33:00] Dollar Tree vs Dollar General
[43:00] Unit Economics
[46:00] Target: The Canary on the Coal Mine?
[1:01:00] Retail’s Tough Comps
[1:03:00] Five Below
[1:35:00] More from Alex and Closing Questions
If you like what you heard, check out Alex on Twitter and his Substack.
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