There's a lot to be learned, not just from success, but there's a lot to learn from failure and ideally other people's failure.

And here's a great example... this business has been gone since the '80s, but was a very successful business from the '50s through to the '80s.

This is the story of E.J. Korvette.

As Darren and Larry work their way through analyzing companies in the S&P 500, known as the Magnificent Seven, they stop off at the Apple store and look at this consumer electronics luxury brand.

Darren and Larry discuss Amazon as a "wonderful business" using Warren Buffett's criteria. They highlight Amazon's rapid growth from selling books in 1995 to its current dominance, emphasizing Jeff Bezos's long-term vision and customer-centric approach. Amazon's moat includes its extensive distribution network, Prime membership, and innovative services like Kindle and Alexa. They also discuss Amazon's potential in new sectors and its significant influence through lobbying and the Washington Post.

Larry and Darren discuss the characteristics of a "wonderful business" using Alphabet as a case study. They highlight the importance of management, trust, and a significant barrier to entry, or "moat." The conversation sets the stage for analyzing other companies in the S&P 500, known as the Magnificent Seven, to understand their investment potential and risks.

On this, our first episode, Darren intoduces you to the wit and wisdom of Larry Sarbit. Larry has a long history as a portfolio manager in Canada managing American equities and now shares some techniques and advice for people on how he's had his extraordinary investment success. There's a huge, lifetime's body of work that he's contributed and we're going to bring that to you. Enjoy!