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Hi Friend 👋
Yesterday I told you about how we made +144% on Medpace in just over a year.
Today I’ll talk to you about one of the most powerful concepts in investing…
… Pricing power.
“The single most important decision in evaluating a business is pricing power.” — Warren BuffettThe magic of pricing power
Warren Buffett bought See’s Candies in 1972 for $25 million.
Since then… See’s Candies has generated over $2 billion in pure profit.
But he didn’t just buy a chocolate shop.
He bought pricing power:
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Every year, See’s Candies raises its prices a little bit.
Customers keep buying. Profits keep growing.
And Warren Buffett gets richer and richer.
Why am I saying all this?
Look at this company
Today, I want to talk about another company with the same characteristics.
Since I first bought it in 2015, the stock is up over +5,000%.
The name of the company? Games Workshop.
They make miniatures for board games. Super niche. Super profitable.
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When I was first introduced to the family of my former girlfriend, I wanted to make a great impression.
Initially, everything went smoothly, and it seemed like we got along well.
Until…
After a while, my girlfriend’s aunt and I were talking about the stock market.
I brought up that I was invested in Games Workshop.
Her uncle suddenly shouted: “You’re a very bad person. You don’t belong to our family!”
The twenty people at the party went quiet as a mice, and everyone started looking at me.
I have rarely felt so ashamed in my life. But to be honest, I didn’t know what I did wrong.
And then the uncle started laughing. It turned out he was a fervent player of Games Workshop’s games.
He even hired three garage boxes costing him over $3,000 a month to store the $50,000 worth of Games Workshop miniatures he owned.
He told me that every year, Games Workshop increases its prices by 4-5%.
Players hate it, but they keep buying the products anyway.
There’s a saying that once you’re a Games Workshop player, you’ll stick with Games Workshop for your entire life.
That’s exactly what you want to hear as an investor.
When you hear this story, it’s no surprise that Games Workshop has been a 100-bagger since its IPO.
If you invested $10,000 in this company in 1995, you would have $4,850,000 today:
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More companies like this?
Our Portfolio is full of companies with a lot of pricing power.
Normally, access to my private Portfolio and research costs $1,200.
But because it’s Black Friday tomorrow…
👉 You can join Compounding Quality for just $350.
Here’s everything you’ll get:
📈 Access to my personal Compounding Portfolio
📰 3 articles each week
📚 Full library of deep-dive research
💬 Private investing community
🎥 Private CEO Zoom calls
🎁 Upgrade to Founding Partner status (only now)
That’s an $850 discount, locked in forever.
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