People Businesses
Deep Dive: Globant (GLOB)
Globant is a nearshore player with a unique studio model. Globant's quality of earnings keeps me on the sidelines.
People Businesses
I study "people businesses" on a global basis. This includes everything from IT consultants to insurance brokers to CROs. People businesses are ultimately driven by the ability to attract, retain, and motivate people. Your assets can walk out the door. The moats are by definition, qualitative. However, people businesses benefit from the fact that all of them can grow with zero incremental capital.
Primers
Primer: Some Additional Thoughts on IT Services
IT Services companies, particularly those specializing in digital transformation and those without BPO or managed services operations, are poised to benefit from the cyclical recovery and secular tailwinds from AI
Serial Acquirer
Deep Dive: Reply SpA (REY, REY.MI)
Italian IT-services serial acquirer with unique organizational model and culture
People Businesses
Primer: I.T. Services Industry
Deep dive on the IT Services Industry
People Businesses
People Businesses
How can "people" or "culture" be a moat?