Land, Waste, and Insurance: Searching for Hidden Compounders | Nick Ridenour

I sat down with Nick Ridenour, who writes the Compounding Alpha newsletter on Substack. Nick does deep-dive stock analysis built around a scorecard system covering eight key areas including growth, profitability, balance sheet, and return on capital. What I love about his work is that he traces the history of every company back to its founding before ever touching the numbers.We covered Texas Pacific Land, which started as a failed railroad in the 1800s and evolved into one of the most fascinating toll businesses sitting on top of the Permian Basin. We talked about Casella Waste Systems, a regional New England waste company with a moat built entirely on landfill permits and regulatory relationships that took decades to build. We debated Progressive Insurance and whether autonomous driving is a real long term threat to their business model. We also covered ASML as the ultimate picks and shovels semiconductor play, touched on Intuit's behavioral switching costs, and had an existential conversation about Meta and whether the phone screen has a ceiling. We closed out talking Bitcoin.Check out Nick's newsletter Compounding Alpha on Substack: https://compoundingalpha.substack.com/Rigatoni Capital is a daily morning podcast for long term, buy and hold investors. This is not a show for short term traders or people looking for quick wins. Every morning I go through the most important headlines in finance, markets, and macro, and call out fake narratives in the financial media so you know what actually deserves your attention and what to ignore.Subscribe to Rigatoni Capital on Substack: https://rigatonicapital.substack.comDisclaimer: This blog is for informational purposes only and does not constitute financial advice. All opinions are my own, and I am not a financial advisor. The information provided reflects my personal views and is intended to encourage discussion and thought among readers. Investments involve risk, including the loss of principal, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified professional before making any financial decisions.#investing #stocks #finance #wallstreet #stockmarket #investor #wealth #money #financialfreedom #passiveincome #dividends #compounding #longterminvesting #buyandhold #valueinvesting #portfoliomanagement #bitcoin #crypto #macro #Nasdaq #SPY #QQQ #SP500 #TexasPacificLand #TPL #CasellaWaste #CWST #Progressive #PGR #ASML #Intuit #INTU #META #Bitcoin #Compounders #stockanalysis #marketwatch #RigatoniCapital$TPL $CWST $PGR $ASML $INTU $META $BTC