No. of Recommendations: 8
After a discussion of why NIKE has fallen as a company ( poor quality shoes and edgy ads featuring fat black women, black women with hairy arm pits and, last not but not least, men who think they are women), at(1:28:20)David Friedberg of the "All-In" podcast gives a shout out to Brooks Running Shoes.
"So, the story on Brooks, this company is owned by Berkshire Hathaway, and they've grown this company nine years in a row at double digit revenue growth up to $1.6 billion. It's a stand alone company inside Berkshire, and it just keeps compounding revenue as a sub. There's an interview with the CEO where said "Warren Buffett just told me "Every year make the product better than it was last year." and if you keep doing that the business will keep growing". And that's what he's been doing, exactly what NIKE has been doing." YouTube: AI Kills Everybody or Doomer Psyop? OpenAI’s Math Breakthrough, Nike’s $200B Collapse (All-In Podcast)In contrast, Brooks CEO sites Josh Kerr's recent mile record, while wearing a pair of (you guessed it)Brooks running shoes, as being inspiring and aspirational to amateur athletes from around the world. As a result
"Brooks is leading in most markets right now."cnbc.com - Brooks running CEO dan sheridan seeing really strong growth based on a very healthy consumerMaybe NIKE can overcome their wokeness and learn something from Brooks and Warren Buffett.
