Cabot Small Cap Confidential 235

THE BIG IDEA Let’s talk proteins. Proteins are the large, complex molecules that do the lion’s share of the work in your cells and are essential for all living organisms. They’re made up of hundreds of thousands of amino acids, smaller units that are attached long,...
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Cabot Small Cap Confidential 234

THE BIG IDEA A lot of attention is given to the companies that develop blockbuster drugs. Far less attention is paid to those that make the sophisticated manufacturing equipment that allow drugs to be developed, made for clinical trials, then produced at scale when approved. These...
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Cabot Small Cap Confidential 233

THE BIG IDEA Read slowly. This will take some time to digest. We are on the verge of a renaissance in the industrial manufacturing industry that will forever change how products are designed, built and introduced to market. This renaissance is being driven by the same that...
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Cabot Small Cap Confidential 231

THE BIG IDEA The size of the market for electronic business-to-business (B2B) payments is hard to wrap your mind around. In the U.S. alone, it’s estimated that current B2B payment volume tops $20 trillion. That’s a lot of Benjamins exchanging hands. Even in such a big there’s...
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Cabot Small Cap Confidential 230

THE BIG IDEA The year was 1956. Peter Pappas, originally from Cyprus, had recently returned to New York City after fighting in the Korean War. Sensing a need for food deliveries to local restaurants, Mr. Pappas teamed up with his cousin and founded the Butter...
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Cabot Small Cap Confidential 229

THE BIG IDEA Warby Parker launched in 2010 selling eyeglasses online. With prices starting at just $95, its glasses have always been a lot less expensive than many alternatives out there, especially for buyers used to going through traditional eyeglass channels. The business came about its...
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Cabot Small Cap Confidential 228

THE BIG IDEA You’re as smooth as Tennessee whiskey, You’re as sweet as strawberry wine, You’re as warm as a glass of brandy, And I stay stoned on your love all the time. - Lyrics from Tennessee Whiskey, originally recorded by David Allen Coe, 1981 A few weeks ago, heard...
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Cabot Small Cap Confidential 227

THE BIG IDEA If you’ve spent much time in the United Kingdom you might be familiar with Reading Buses. The company has been transporting passengers in and around Berkshire, England and the greater London area for over a century. Its fleet of 180 brightly single-...
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Cabot Benjamin Graham Value Investor 284

Benjamin Graham is called The Father of Value Investing. His influence has inspired many successful investors, including Warren Buffett. As value investors, we have ample reasons to believe that investing in stocks today is not as easy as it was a few years ago. is...
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Cabot Small Cap Confidential 226

THE BIG IDEA Are you concerned about cyberattacks? Are your mobile devices, smart home devices and computers secure on your home network? What about in your car? At work? These are questions people try not to think about too much. But the evidence suggests a dramatic in...
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Cabot Benjamin Graham Value Investor 283

Benjamin Graham is called The Father of Value Investing. His influence has inspired many successful investors, including Warren Buffett. This month we have seen unusual volatility among our stocks. Gilead Sciences (+11%), Target (+9%), Lowe’s (+7%) and Gentex (+5%) were on the upside while Industries...
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Cabot Small Cap Confidential 225

THE BIG IDEA Ever so slowly, biotech stocks are making a comeback. The biotech index is up 7% year-to-date, and up 29% since the beginning of last year. Companies with good trial data and promising pipelines have garnered investors’ attention and their dollars. The sector’s performance slightly...
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Cabot Benjamin Graham Value Investor 282

Benjamin Graham is called The Father of Value Investing. His influence has inspired many successful investors, including Warren Buffett. As we begin 2018, let me start with a brief review of our portfolio and the market. We transitioned from the Value Model and Enterprise Model the...
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Cabot Small Cap Confidential 224

THE BIG IDEA As the world moves toward knowledge-driven economies, continuous learning is critical. It’s not an option to just sit on your rear end if you want to get into a great college, land a terrific job, move up the corporate ladder or five...
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