It's not just being affordable, but also providing good service. When you go to CFA, you're in and out despite how long the line is. With Chipotle, you either sit in line for 20 minutes watching then make online orders, or you order online, but it's not ready until 30 minutes after they said it would be. I would go there if I could just get a fucking Burrito in under 10 minutes.
It is a quality control issue, I always compare companies to Chickfila, statistically it’s easier to get into an Ivy League school than it is to become a CFA Owner/Operator. They only add a new store when a new operator has completed training. As a result they’ve been very slow to expand across the US despite their popularity. Also they hold a lot of cash and don’t have much of any debt - LTV is like .1 or .2. Chick-fil-A has been in business for twice as long as Chipotle yet Chipotle has 800 more stores.
Okay I’ll try to learn:
Step 1 - Learn about stocks and business from a very serious business school ✅
Step 2 - Earn CFA
Step 3 - Become a Chipotle baggy
I should do this? Hey buddy congrats on the esteemed title, not the CFA, the new title you got today which is “long term investor”
Have a good one man. My CFA means I can afford to eat at Chili's or Chipotle if I want to today. And tomorrow and the day after.
I....obviously won't. I eat real food with my family instead. But it could be you too. You just gotta learn how it works, it's not so hard.
It's really not so hard to learn it. How it works that is.