Category: Business Philosophy
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The Future of Ecommerce That Wasn’t: An In-depth Look into What Went Wrong with Wish
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. There is a podcast of this memo available if you prefer listening to it. You can find it on our podcast feed here (Apple, Spotify).…
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10 Lessons from Copart’s 40 Years in Business: Learning from Willis Johnson and Jay Adair
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. There is a podcast of this memo available if you prefer listening to it. You can find it on our podcast feed here (Apple, Spotify).…
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Google Shut the Door on Competition, AI Swung it Back Open
There is a podcast of this memo available if you prefer listening to it. You can find it on our podcast feed here (Apple, Spotify). Intro. This is paraphrased from the Graham & Dodd Annual Breakfast 2022 with guest speaker Todd Combs: “[Todd] Combs recalled the first question Charlie Munger ever asked him was what…
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The Risk Circle: Deciding What Risks Matter and When
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. There is a podcast of this memo available if you prefer listening to it. You can find it on our podcast feed here (Apple, Spotify).…
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2023 Year-end Review: Highlights, Changes, and Business Thoughts
Welcome to Speedwell Research’s Newsletter. We write about business and investing. Our paid research product can be found at SpeedwellResearch.com. You can learn more about us here. 2023 was Speedwell Research’s first full year in business and we would like to share some highlights, as well as how we…
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How Pies, Proofs, and Punch Cards Hold Key Insights into the Cost of Equity
Introduction. Every truth requires an assumption. The Münchhausen Trilemma, also sometimes referred to as Agrippa’s Trilemma, states that it is impossible to assert any proof without appealing to an assumption. Thus, the only three ways to complete a proof are using 1) a circular argument, 2) a regressive argument, or…
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Understanding Modularity: How Apple, Bloomberg, and Amazon Kept Strategic Coherency
Clay Christensen, Ben Thompson, the iPhone, A&P, Bloomberg Terminals, Prime Air, and AWS. There is a podcast of this memo available if you prefer listening to it. You can find it on our podcast feed here (Apple, Spotify). Clay Christensen is known for his brilliant theories on Disruptive Innovation and…
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The Piton Network: Decisions that Simultaneously Support and Limit the Future Decision Space
Business Philosophy Series We have recently decided to increase our publishing cadence and you can now expect a written piece from us every Friday morning. Also, a podcast of this memo has been released if you prefer listening over reading. You can find it on our podcast feed here (Apple,…
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About Speedwell’s New Podcast: The Synopsis
Hi all, As you might have noticed, Speedwell just launched a podcast 3 weeks ago called “The Synopsis” (Apple, Spotify). We wanted to share a bit more with you on the thinking behind it and what we hope is different. When we research a company, we read everything from their S-1…
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Speedwell Research Process & Philosophy
Speedwell Philosophy PowerPoint presentations, heavy in graphics and light in text, make it easy to BS and seem knowledgeable without having much expertise. Steve Jobs opined, “I hate the way people use slide presentations instead of thinking”. Jeff Bezos would ban them from his boardroom in favor of written memos…