Torre Financial Newsletter

Federico Torre
Insights, company research, and updates from an independent investment management firm.
Created 27 Dec 2020
  • Understanding Growth and Value
    25 Sep 2021 • 4 min read
    Growth versus value can be a polarizing topic, with many investors identifying strongly with one over the other. More than simply different investment styles, these strongly-held beliefs are often see...
  • Fundamentals: Revenue and Sales
    11 Sep 2021 • 7 min read
    Understanding company fundamentals is essential to effectively analyze a company. While sales may seem like a straightforward concept, there are a number of nuances which can lead to valuable insights...
  • Emerging and Established Compounders
    28 Aug 2021 • 5 min read • 2 0
    Starting out my investing journey, I fell into the trap of the traditional labels as many investors do. I invested in value stocks almost exclusively, disregarding growth stocks due to their lofty val...
  • Types of Economic Moats
    14 Aug 2021 • 7 min read
    Economic moats are the unique collection of competitive advantages that allow for a durable business. No one moat is the same. Connor Leonard, a renowned investor currently working at Investors Manage...
  • Economic Moats and Competitive Advantages
    31 Jul 2021 • 4 min read • 1 0
    As quantitative data and analytics become increasingly commonplace, the qualitative assessment of a business becomes an increasingly important part of the investment process. Thoughtful consideration ...
  • Torre Financial’s Investment Process
    17 Jul 2021 • 7 min read
    A well-defined, structured investment framework is key to help investors make rational decisions. While the market can be unpredictable, investors can rest assured that, if the foundation on which the...
  • 2021 Q2 Review
    03 Jul 2021 • 5 min read • 3 0
    Results The second quarter of 2021 ended on June 30th, 2021. For the second quarter, the consolidated return for Torre Financial accounts was 11.74%. For the same period, the S&P 500 (SPY) returned 8....
  • Paycom (PAYC) - Investment Thesis
    26 Jun 2021 • 3 min read
    An investment thesis is a buyer’s rationale for making an investment, ideally backed by substantial analysis and in-depth understanding. An investment thesis may incorporate known aspects of the busin...
  • Employment as a Leading Indicator
    12 Jun 2021 • 5 min read • 2 0
    Valuation metrics get a lot of attention, and rightfully so. Everyone would like to buy low and sell high. It turns out that common valuation metrics, such as the price-to-earnings ratio, do not have ...
  • The Distribution of Returns in the Market
    29 May 2021 • 1 min read • 2 0
    All returns are not created equally. In fact, there is a significant imbalance in the distribution of returns across market participants. Eric Crittenden and Cole Wilcox conducted a study in 2008 to i...
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