Archive - Notes From The Beauty Contest

Podcast, News and Other Thoughts

NFTBC on the Business Brew / Research Pipeline / NFTBC Process

Mar 29 • Crashkolnikov

BMW 2026: Entering the Final Straight

After eight years of flat volumes, a return to growth might finally be coming into view

Mar 18 • Crashkolnikov

The NFTBC Digest (15 March 2026)

Portfolio change, News and links (BMW, BRKR, MRK.DE, PRCT, PTC, REGN)

Mar 15 • Crashkolnikov

WPP: Lost Cause or Cause for Hope?

WPP’s weaknesses are well known: strategic missteps, execution failures, business-model pressure and disruption risk. Less understood is the possibility…

Mar 8 • Crashkolnikov

Procept Biorobotics - checking in on Larry's strategy

"I'm building this thing with a multiyear plan in place, not an individual quarter" / "I think we’ll have a really healthy business"

Mar 1 • Crashkolnikov

February 2026

The NFTBC Digest (22 February 2026)

Tickers: BMW, BRKR, REGN/OCUL/ALNY

Feb 22 • Crashkolnikov

Bruker: reflections following 2025

Light at the end of the tunnel / the evolving nature of Bruker / guidance track record

Feb 13 • Crashkolnikov

The NFTBC Digest (8 February 2026)

Portfolio change, News and links (BMW, PTC, REGN)

Feb 8 • Crashkolnikov

PTC - Q1 FY26 and update on go-to-market progress

"the whole game is to build a durable, accelerating growth company"

Feb 6 • Crashkolnikov

The Regeneron Deep Dive: One Year On

And some thoughts on the recent quarter (Q4 2025): 'Supi-Dupi', revisiting failed blockbusters, capex, outlook, valuation and more.

Feb 3 • Crashkolnikov

January 2026

Procept Biorobotics (PRCT)

Niche player or new gold standard? Weighing up the arguments, reflections on the strategy, thoughts on valuation.

Jan 30 • Crashkolnikov

The NFTBC Digest (25 January 2026)

News and links (BMW, BRKR, MRK.DE, PTC, REGN)

Jan 25 • Crashkolnikov

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