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Jan 29
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AVOID
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Kyle Grieve
Host, The Investor's Podcast / Millennial Investing
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"The fitness industry is very crowded. This is probably why there aren't many great fitness related public companies out there. It's very hard to get any advantage. And much of what happens in the fitness industry is built on fads." While physical wealth is essential for the individual, the corporate sector lacks durable moats. High competition and shifting consumer preferences (fads) make long-term compounding difficult for public companies in this space (e.g., gyms, supplement makers, equipment manufacturers). AVOID due to lack of competitive advantage and high churn risks. A specific company might innovate a sticky ecosystem (like a tech-integrated platform) that defies the general sector weakness. |
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The 5 Types of Wealth (TIP787)
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