Tag: companies
Why big companies die
I read this article this morning in Forbes and it absolutely resonates with my former experience in the corporate world. When companies sell their soul to a spreadsheet the long term result is nearly always bad, but if they have strong competitiveness you may not notice at first. But companies that remain true to their core and focus on what made them great in the first place usually prosper and retain the drive to succeed for long periods of time. …
IG Index vs Betfair
IG Index released year end results yesterday and they make interesting reading when compared to Betfair. I quite like comparing IG Index and Betfair as they are both spread betting companies, moreso now than ever. Now they are both listed companies, its possible to draw some rough lines around both businesses. Comparisons to IG helped me decide that Betfair was way overvalued when they listed.
Revenues are fairly similar across both businesses but margins at IG are much higher and …
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