On this episode we talk about a recent memo, What is a Great Business?

Other Memos Mentioned: The Consumer's Hierarchy of Preferences: The Other Side of the Consumer Value Prop

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Show Notes

(0:00) Intro

(1:53) Observing versus Creating a Great business

(6:07) Great Businesses through the lens of The Consumer's Hierarchy of Preferences

(8:27) Pressure Cooker Metaphor

(15:15) Is Reinvestment Runway a Criteria?

(23:03) Moats and Copart

(27:30) CHOP and Disruptions

(30:44) Nintendo

(34:35) Where does the Surplus Lie?

(41:13) Walker & Dunlop

(45:54) Conclusion

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discusessed. Furthermore, accounts contributors advise on may also have positions in companies discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

Dialogue. How to Identify a Great Business

The Synopsis