Tag Archives: Infrastructure

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[FDS, LSE/Refinitiv] Market infrastructure: part 1

In the decade or so leading up to the mid-2000s, FactSet was in the business of aggregating third-party content from a variety of different vendors – financial information from Thomson Reuters; index data from MSCI, Russell, and S&P; trading data from exchanges – cleaning it up, hosting it on mainframes, and rendering it on workstations […]

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[AMT – American Tower; CCI – Crown Castle] Legacy advantages and incremental returns

In the US, tower companies have enjoyed a 20-year growth tailwind that shows no signs of fatigue.  The population of wireless subscribers has grown at a high single digit rate, from fewer than 130mn in 2001 to 440mn in 2018. In turn, network standards have evolved – from 2G (voice, SMS; 2000-2006) to 3G (mobile […]

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[GDDY – GoDaddy; VRSN – Verisign; EIGI – Endurance International] Value Migration in Web Services

When you type “scuttleblurb.com” into your browser, that domain name is translated into a unique series of numbers called an IP address, which corresponds to a particular computer that all other networked computers comprising the internet reference in order to find and deliver my website to you.  A non-profit entity called the Internet Corporation for […]

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Podcast Blurbs [Larry Summers, Levered restaurant franchisees, Books vs. podcasts, Cramer on MongoDB]

Freakonomics Radio (9/28/17; Why Larry Summers is the Economist Everyone Hates to Love) Larry Summers: (On infrastructure) “I think we’ve completely mismanaged infrastructure investment in the United States.  It’s nuts that when interest rates are lower than they’ve been at any time in the last 50 years that we’re also investing less net of depreciation…it’s […]