Friday Morning Coffee Nr. 87: The Flying Elevator

160120 Friday Morning Coffee

Friday Morning Coffee Nr. 87: The Flying Elevator

What does a jet engine have in common with an elevator? Strange question, you may think, but let’s go search for an answer.

Elevator companies are one of the best business models you can think of as an investor:

  • Elevators are critical for a building to function. In any case, none of us is willing to take the stairs to the 12th floor of a high rise building every morning to get to work.
  • Elevators does not easily get disrupted by competing technology. After all, human beings have not yet learned to fly and we still want to reach that 12th floor in the building.
  • Elevators have +20 years of lifetime and they must be maintained to stay in service.
  • The know-how in the elevator industry is concentrated in the hands of a few large players.

Let’s get back to our question: What does a jet engine have in common with an elevator? 

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