In short: The worked example the whole thesis rests on. "There is one company that completely dominates the entire airplane seatbelt market: Amsafe." Bought for $750m — "on first sight, this looks completely crazy… $750 million for a product that isn't more than some steel and a strap. Yet TransDigm has achieved returns of over 20% per year on this acquisition." The arithmetic: ~200 seatbelts at ~$100 each is $20,000 on a $30–50m aircraft, "less than 0.1% of the aircraft's overall cost," on a 95%+ market share for a part you legally cannot fly without.
Nothing matches this filter.
Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.