Podcasts about Roic

scale business growth references business strategy margin profit first scaling a business roic

Play Episode Listen Later May 7, 2026 14:40

How much cash is hiding in your business? See if you qualify for a Free Financial Health Check Financial Intelligence Toolkit More revenue sounds like the answer when a business is struggling. But Steve has watched too many business owners chase growth thinking it would solve their cashflow problems, only to watch it make everything worse.In this episode he breaks down why scaling a broken margin just multiplies the problem, how to know if your business is actually ready to grow, and the specific number that tells you exactly how fast you can grow without blowing up your cash position.If you have been grinding to grow your way out of a tough spot, you need to hear this before you take another step._______________________________________Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information.LinkedIn | YouTube coltivar.com

353 - Where You Should Be Investing Dollars in Your Chiropractic Business for the Best ROI

The Remarkable CEO for Chiropractors

Play Episode Listen Later Apr 14, 2026 45:14

Most business owners think investing means looking outside their business, but the greatest returns are often sitting right inside it. In this episode, Dr. Pete and Dr. Stephen break down how CEOs can think differently about money, shifting from passive investing to intentional reinvestment that drives growth, capacity, and long-term wealth. They introduce the concept of ROIC, showing how marketing, infrastructure, profit centers, and people create exponential returns when approached strategically. This is not about spending more, it is about investing smarter, aligning resources with value creation, and building a business that produces both impact and abundance. The payoff is a clear roadmap for where to deploy capital to generate the highest return while expanding reach and influence. In This Episode You Will: Understand why investing in your business yields the highest return on capital Learn how to evaluate ROIC across marketing, team, and infrastructure See how data-driven decisions eliminate guesswork in growth Discover how to optimize your current business before expanding outward Clarify how investment decisions directly impact impact, income, and scalability Episode Highlights 02:01 – Discover the early lesson that reinvesting in the business is the most powerful investment a CEO can make. 02:57 – Understand the principle that money follows value, reframing income as a byproduct of solving problems and helping people. 03:36 – Recognize that most financial advice does not apply to business owners, who operate with fundamentally different opportunities. 05:18 – Examine the concept of return on invested capital as the key lens for evaluating every financial decision. 05:50 – Compare investment vehicles and uncover why businesses often produce significantly higher returns than traditional assets. 08:27 – Identify marketing and lead generation as the first and most critical area for reinvestment and growth. 10:34 – Clarify the importance of tracking CAC, LTV, and LTV to CAC ratios to eliminate guesswork in marketing performance. 13:20 – Reveal that once marketing is optimized, scaling investment becomes the fastest path to growth. 18:56 – Explore how adding profit centers requires readiness, infrastructure, and disciplined positioning to avoid confusion. 23:29 – Uncover how optimizing physical space and equipment removes bottlenecks and unlocks hidden capacity. 28:39 – Examine how hiring A players creates exponential leverage and higher returns compared to lower-level hires. 31:47 - Dr. Rachel is joined by Dr. Kendall Price of Success Partner Elevate Marketing to unpack what it really takes to turn marketing into a true growth system for modern practices. They explore how Elevate moves beyond generic campaigns by blending brand identity with proven strategies, building trust through every step of the patient journey, and optimizing for real outcomes like patient show rates, not just leads. When marketing becomes intentional, relational, and data-driven, growth shifts from unpredictable to scalable and sustainable. Resources Mentioned To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo For more information about Elevate Marketing please visit: https://goelevatemarketing.com/ Book a Strategy Session with Dr. Pete - https://go.oncehub.com/PodcastPC Prefer to watch? Catch the podcast on YouTube at: https://www.youtube.com/@TheRemarkablePractice1 To listen to more episodes, visit https://theremarkablepractice.com/podcast or follow on your favorite podcast app.

Interview. Bill Nygren on 25 Years of Beating the Market

Chip Stock Investor Podcast

Play Episode Listen Later Mar 23, 2026 81:21

In this incredible interview I spoke with legendary investor Bill Nygren, who has beaten the market over a 25 year period by around 200bps. This is an extremely hard and rare feat. In our wide-spanning conversation Bill tells us about everything from his investment process and valuation framework to how to value a cyclical business, the importance of management, investing lessons from Netflix & Meta, as well as what a lot of value investors get wrong. We even had time to talk about his Salesforce and Airbnb postions a bit. We hope you enjoy! You can find a video version of this podcast on YouTube here *~*~*~*~* Get access to all of Speedwell Research's in-depth Research Reports here. If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to info@speedwellresearch.com -*-*-*-*-*-*-*-*-*-*- Show Notes (0:51) — Bill Nygren's Investment Philosophy (4:15) — Valuation Timeframe (9:22) — Is There a Thing as Fair Value? (12:19) — Investing in Banks (17:30) — Why Haven't We Had a Normal Recession? (18:43) — How to Value a Cyclical Business? (23:24) — How Confident Can You Be on Your Downside? (24:36) — Does the Quality of Management Matter? (26:28) — How Important is ROIC? (28:34) — Should an Investor Buy & Hold Forever? (39:21) — The Role of Talking to Management in Your Investment Process (41:54) — Research Process (44:54) — How to Gain Confidence in Your Research (49:08) — Investing Lessons From Meta & Netflix (1:03:48) — Portfolio Analyst Relationship (1:06:38) — Portfolio Diversification (1:10:06) — Salesforce and the AI Risks (1:13:64) — What to Do About Deferred Revenue in Software Stocks (1:17:26) — Why Bill Owns Airbnb Over Booking Holdings -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more! Sign up for Speedwell's free newsletter and weekly memos here AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here. *~*~*~*~* Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

management market investing airbnb banks beating salesforce contributors gain confidence how important ai risks investment philosophy nygren fair value portfolio diversification research process roic alphasense speedwell your research

The AI Software Apocalypse Revolution: How to Value Cybersecurity Stocks in 2026

Play Episode Listen Later Mar 23, 2026 12:09

Are the hyperscalers including Alphabet the ultimate cybersecurity investment for 2026? While hyperscalers like Microsoft—boasting a projected $37 billion in fiscal 2025 revenue—Google, and Amazon are the safest entry points , pure-play companies like CrowdStrike often provide more robust, fast-moving products for organizations that prioritize high-level data security. We explore how the shift toward AI agents and platform-based models is driving massive vendor consolidation across the industry.Learn how to identify the winners in this era of disruption using a specific qualitative and quantitative checklist. We explain why metrics like Return on Equity (ROE) are more effective than ROIC for measuring the performance of acquisitive leaders like Palo Alto Networks. From the rise of AI-native startups to the importance of monitoring stock-based compensation, get the insights you need to determine which cybersecurity stocks will thrive and which will merely survive.Watch the cybersecurity video of 2026 here: https://youtu.be/foj_QXksKWEJoin us on Discord with Semiconductor Insider, sign up on our website: www.chipstockinvestor.com/membershipSupercharge your analysis with AI! Get 15% of your membership with our special link here: https://fiscal.ai/csi/Sign Up For Our Newsletter: https://mailchi.mp/b1228c12f284/sign-up-landing-page-short-formChapters:00:00 - Starting with Hyperscalers (Microsoft, Google, AWS) 01:00 - Pure Plays: Why Specialized Security Still Wins 02:11 - AI Agents & The Next Wave of Disruption 02:50 - Strategy Duel: Palo Alto Networks vs. Fortinet 03:55 - Legacy Giants: Broadcom, Cisco, & Arista 05:10 - The 2026 Investment Checklist 06:55 - Platform Dominance vs. Point Solutions 10:55 - Valuation Tip: Why ROE Beats ROIC for SoftwareIf you found this video useful, please make sure to like and subscribe!*********************************************************Affiliate links that are sprinkled in throughout this video. If something catches your eye and you decide to buy it, we might earn a little coffee money. Thanks for helping us (Kasey) fuel our caffeine addiction!Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. #Cybersecurity #Investing #StockMarket2026 #Microsoft #PaloAltoNetworks #CrowdStrike #AIAgents #TechStocks #SoftwareAsAServiceNick and Kasey own shares of PANW, FTFT, CRWD, GOOG, AMZN

amazon ai google starting microsoft revolution software discord apocalypse chapters disruption cisco alphabet aws affiliate supercharge crowdstrike forecasts next wave palo alto networks fortinet arista amzn goog roic crwd panw cybersecurity stocks

Interview. Shift4 CEO Taylor Lauber and CFO Christopher Cruz on Capital Allocation, Competition, and Global Blue Strategy.

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Mar 18, 2026 65:39

In this fantastic interview we spoke with the CEO of Shift4, Taylor Lauber, and CFO, Christopher Cruz. We covered everything from what sets Shift4 apart from competition to capital allocation and their latest acquistion of Global Blue. You can find our Shift4 Research report here. AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here. *~*~*~*~* Get access to all of Speedwell Research's in-depth Research Reports here. If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to info@speedwellresearch.com -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) — Shift4 Business Overview (1:14) — Where Shift4 Fits in the Payment Value Chain (3:17) — How Shift4 Differentiates Itself (7:12) — Competitive Dynamics (8:46) — Toast vs Shift4 (14:26) — ROIC and Capital Allocation (24:46) — The Role of Gateway and Global Blue (36:34) — Global Blue Competitive Dynamics (44:06) — Organic Growth vs M&A (59:39) — 2027 Free Cash Flow Target Still on the Table? (1:04:22) — Can Shift4 be Recreated? -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more! Sign up for Speedwell's free newsletter and weekly memos here *~*~*~*~* Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

ceo strategy global table competition capital cfo gateway toast contributors allocation organic growth recreated lauber roic alphasense speedwell

Corporate Finance Explained | Cost of Capital

FinPod

Play Episode Listen Later Mar 3, 2026 13:25

In this episode of Corporate Finance Explained on FinPod, we dive into the invisible number that decides whether growth creates value or destroys it: cost of capital.Headlines love expansion, acquisitions, and moonshot investments, but the real line between “big growth story” and “value trap” is the price of money itself. We unpack WACC (weighted average cost of capital), why it acts like a company's strategic “gravity,” and how it becomes the hurdle rate every project must clear. If returns don't beat that hurdle, the business can show accounting profit while quietly eroding shareholder value through negative EVA (economic value added).You'll hear how cost of capital is shaped by debt vs equity, the tax shield on interest, and why cost of equity is a real opportunity cost even if there's no monthly “invoice” for shareholders. We connect the mechanics to the real world with clear case studies: PepsiCo as a blueprint for disciplined capital structure and stable, low WACC that creates strategic flexibility; Microsoft as the fortress balance sheet that can fund long-duration AI bets because the discount rate doesn't crush future cash flows; and AMC as the cautionary tale of what happens when trust breaks, leverage rises, volatility spikes, and the company slips into a capital “death spiral.”We also get practical about how finance teams can mis-model WACC by “nudging” assumptions to approve pet projects, and why markets eventually punish that behavior through lower ROIC and a higher required return. The deeper takeaway is simple but ruthless: cost of capital is a metric of trust. When investors trust your cash flows and strategy, capital gets cheaper and your strategic time horizon expands. When trust disappears, the math tightens, options vanish, and management shifts from playing to win to playing to survive.If you're in FP&A, corporate strategy, valuation, or investing, this episode will change how you evaluate growth. Instead of asking “How fast are they expanding?” you'll start asking the question that actually matters: Are they earning more than their cost of capital?

ai cost microsoft finance capital banking amc risk management pepsico fp capital markets corporate finance roic wacc learning & development fp&a

TIVP060: Constellation Software (CSU): Historic Drawdown, Historic Buying Opportunity w/ Daniel Mahncke & Shawn O'Malley

Play Episode Listen Later Feb 22, 2026 87:11

Daniel Mahncke and Shawn O'Malley take a deep dive into Constellation Software — the popular Canadian compounder that has turned buying “boring” vertical market software into one of the most effective capital-allocation machines in public markets. IN THIS EPISODE, YOU'LL LEARN: 00:00:00 - Intro 00:03:33 - How Mark Leonard founded Constellation 00:08:43 - What principles drive Mark Leonard 00:15:23 - What Constellation looks for in acquisition targets 00:19:20 - About the metrics that matter to Constellation 00:21:15 - How Constellation is structured and incentivized 00:46:26 - Whether AI is a threat or chance 01:04:50 - Why Constellation considers investing outside of VMS 01:08:50 - Whether Shawn and Daniel add Constellation to the portfolio *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES The Investors Podcast Network is excited to debut a new community known as The Intrinsic Value Community for investors to learn, share ideas, network, and join calls with experts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up for the waitlist(!)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Sign up for ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn how to ⁠⁠⁠⁠⁠⁠⁠⁠join us⁠⁠⁠⁠⁠⁠⁠⁠ in Omaha for the 2026 Berkshire Hathaway shareholder meeting. Track ⁠The Intrinsic Value Portfolio⁠. Shawn & Daniel use ⁠Fiscal.ai⁠ for every company they research — use their ⁠referral link⁠ to get started with a 15% discount! WSB episode on Constellation Software. Synopsis Podcast on Constellation Software. Business Breakdown Podcast on Constellation Software. Mark Leonard Shareholder Letters. Saber Capital: How to Think about ROIC. Check out our previous Intrinsic Value breakdowns: ⁠Transdigm⁠, ⁠Salesforce⁠, ⁠Berkshire Hathaway⁠, ⁠FICO⁠, ⁠PayPal,⁠ ⁠Uber⁠, ⁠Nike⁠, ⁠Amazon⁠, ⁠Airbnb⁠, ⁠Alphabet⁠. Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Browse through all our episodes (complete with transcripts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try Shawn's favorite tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Corporate Finance Explained | Competitive Moats: How Companies Build Long Term Advantage

FinPod

Play Episode Listen Later Feb 19, 2026 19:52

In this episode of Corporate Finance Explained on FinPod, we break down competitive moats and the financial mechanics that allow a small subset of companies to sustain outsized profitability for decades, while most competitors see margins eroded.A moat is a structural advantage that interrupts the normal economics of competition, where excess returns attract entrants and pricing power erodes over time. When a moat exists, it shows up directly in the numbers: durable pricing power, persistent margin resilience, and consistently high ROIC (return on invested capital).This episode moves past the shorthand use of “wide moat” and focuses on what actually creates defensibility and how to spot moat strength, or moat erosion, before it becomes obvious in the stock price or the income statement.In this episode, we cover:Why profits are naturally competed away and what it means to disrupt that processThe core moat types that create durable advantage: switching costs, network effects, and scale advantagesWhy Visa's two-sided network effect compounds defensibility over timeHow Apple's ecosystem creates switching cost friction that supports pricing power and customer lifetime valueWhy “scale” can be a moat, but also becomes a liability when the competitive terrain shiftsWhat Blockbuster and Blackberry reveal about moat erosion, paradigm shifts, and the scale trapHow finance teams quantify moats using ROIC durability, churn, and pricing power under stressWhy moat strength changes valuation through lower risk in long-duration cash flows and terminal value assumptionsHow capital allocation decisions either deepen a moat or leave the business exposed to commoditizationThis episode is designed for professionals who want a more analytical way to evaluate defensibility, whether you're investing, building strategy, or supporting leadership decisions. The key question isn't just what a company earns, it's why it earns it, and whether that advantage is compounding or deteriorating.

finance companies long term advantage banking competitive risk management blackberry capital markets corporate finance processthe moats roic learning & development fp&a

Emerging Markets: AI "Picks and Shovels," ROIC, and the Great Supply Chain Reshuffle | EP 210

Art of Boring

Play Episode Listen Later Feb 12, 2026 28:04

Wen Quan Cheong, co-manager of Mawer's emerging markets equity strategy, outlines four major themes shaping the opportunity set today. First, the "picks and shovels" of AI: upstream enablers such as advanced chip manufacturers, memory makers, and specialized chip-testing firms that are benefiting from structural bottlenecks in the AI supply chain. Second, companies that are actually converting AI investment into higher returns on capital. Third, the "Great Supply Chain Reshuffle," where national security concerns, tariffs, and "China plus one" strategies are driving a reconfiguration of strategic manufacturing infrastructure across Asia and the U.S. And finally, a broader universe of less obvious EM stories that illustrate how opportunity is evolving across regions and sectors as these forces play out. Highlights: Why upstream AI enablers are seeing such powerful earnings leverage: how capacity cuts, equipment bottlenecks, and surging demand for DRAM, HBM, and NAND have flipped the memory market from oversupplied to structurally tight. What it takes for companies to truly convert AI investment into sustainable returns on invested capital, and why early, well-run adopters may enjoy a multi year edge. How shifting geopolitics, U.S. tariffs, and national security concerns are driving a "Great Supply Chain Reshuffle," from TSMC-linked clean room specialists like Actor Group supporting new fabs to Chinese manufacturers using their domestic scale and integration to expand overseas. Why emerging markets are more than just China and tech, with examples ranging from Saudi insurance aggregation and Vietnamese pharmacies to ship maintenance businesses with recurring revenues. Host: Rob Campbell, CFA Institutional Portfolio Manager Guest: Wen Quan Cheong, CFA Portfolio Manager This episode is available for download anywhere you get your podcasts. Founded in 1974, Mawer Investment Management Ltd. (pronounced "more") is a privately owned independent investment firm managing assets for institutional and individual investors. Mawer employs over 250 people in Canada, U.S., and Singapore. Visit Mawer at https://www.mawer.com. Follow us on social: LinkedIn - https://www.linkedin.com/company/mawer-investment-management/ Instagram - https://www.instagram.com/mawerinvestmentmanagement/

canada ai china chinese singapore founded supply chains saudi vietnamese emerging markets dram tsmc reshuffle shovels nand hbm roic

The One Number That Drives Long-Term Returns

The Dividend Mailbox

Play Episode Listen Later Jan 24, 2026 34:25 Transcription Available

Dividend Growth: The Quiet Engine of Wealth Dividend growth investing sounds simple, but doing it well for decades is not. Markets get noisy. Numbers get confusing. That's why we wrote Dividend Growth: The Quiet Engine of Wealth—a practical guide to building a framework you can stick with when things get uncomfortable. You can get a free copy here. Plus, join our market newsletter for more on dividend growth investing. ________ If you could only look at one number to judge whether a dividend can keep growing for decades, what would it be?In this episode, we strip investing back to first principles. Greg talks about why investors get overwhelmed with data and how focusing on the wrong metrics can quietly lead you off track. Using a simple hot dog stand analogy, he explains why familiar numbers like return on equity (ROE) and return on assets (ROA) can distort reality, especially when leverage enters the picture.From there, he introduces return on invested capital (ROIC) and shows why it does a better job connecting business quality to long-term dividend growth. Later, Greg addresses what ROIC can't tell you and why context always matters. Along the way, he walks through real-world examples, including Kraft Heinz ($KHC), Southern Company ($SO), Williams-Sonoma ($WSM), and Microsoft ($MSFT), to show how capital allocation decisions compound over time. [00:11] Introduction[02:50] Information overload and the danger of focusing on the wrong numbers[04:40] The hot dog stand: ROA vs. ROE and the role of leverage[08:15] Why both ROA and ROE can mislead dividend investors[09:35] Return on invested capital (ROIC) explained in plain English[13:30] ROIC, cost of capital, and long-term value creation[14:55] Case study: Kraft Heinz and why high yield can be a trap[18:30] Case study: Southern Company and when low returns still “work”[22:10] Case study: Williams-Sonoma and disciplined capital allocation[24:55] Case study: Microsoft and the power of long-term compounding[29:10] The limits of ROIC and why incremental returns matter[31:25] Final takeaway: one number, long time horizons, evolving businessesSend us a textDisclaimer: Past performance does not guarantee future results. This episode is for educational purposes only and is not investment advice. If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review RESOURCES: Schedule a meeting with us -> Financial Planning & Portfolio Management Getting into the weeds -> DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on:Instagram | Facebook | LinkedIn | X

Think You're Profitable? Think Again | Ep 207

profit profitable cashflow references cpas pricing strategies business finance financial mistakes financial statements roic small business finance

Play Episode Listen Later Jan 20, 2026 8:56

Ready to see how much cash is hiding in your business? Get your free Financial Health Check now: coltivar.com/check Financial Intelligence Toolkit Most business owners think they're profitable. Most are wrong. In this episode, Steve breaks down why even companies with CPAs and clean-looking financials often misunderstand their real margins. He explains how messy books distort gross profit, lead to bad pricing decisions, and quietly drain cash. You'll also learn why profit alone doesn't matter, and why this one thing is the real test of whether your strategy is actually working. If you've ever wondered why you're busy, growing, and still tight on cash, this episode will connect the dots. _______________________________________Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information.LinkedIn | YouTube coltivar.com

Athens Exchange Group (EXAE)

Special Situation Investing

Play Episode Listen Later Jan 16, 2026 17:59

Show transcript can be found at: https://specialsituationinvesting.substack.comRemember you can support the show in the following ways:Use this link to sign up for ROIC.AIConsider switching to Fountain for all of your podcast needs. Fountain sources its content from the podcast index and allows users to receive and stream bitcoin micro payments between fans and content creators. Get payed just to listen or "boost" your favorite podcaster. Or contribute to the show directly by visiting: https://buzzsprout.com/1923146Once on the shows website you can scan the QR code displayed and donate any amount of bitcoin to show your support.

athens exchange qr fountain roic

Play Stupid Games, Win Stupid Economies

Skippy and Doogles Talk Investing

Play Episode Listen Later Jan 12, 2026 40:25

First up, Venezuela. Once the richest country in South America, now economically uninvestable. We unpack how oil wealth turned into a curse, what "Dutch Disease" really means, and how Norway played the game better. Then it's onto growth investing. What actually makes a great growth stock? We break down a killer piece by James Gaultry, the Costco vs. LVMH debate, and why high ROIC plus reinvestment opportunities are rarer than you think. Finally, we dive into Pablo Torre's podcast episode on scoring — and the existential trap of chasing the wrong metrics in life, money, and college rankings.Join the premium Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to skippydoogles@gmail.com.

games venezuela south america norway substack costco economies lvmh skippy pablo torre roic

Urbana Corporation (URB.TO)

Special Situation Investing

Play Episode Listen Later Jan 10, 2026 7:14

corporations qr fountain urbana roic

Is Your Strategy Any Good? What You Need to Know | Ep 205

strategy leadership business growth cashflow references business strategy strategic planning competitive advantage financial strategies profit margins scaling a business business performance roic

Play Episode Listen Later Dec 29, 2025 11:36

Ready to see how much cash is hiding in your business? Get your free Financial Health Check now: coltivar.com/check You probably think you have a strategy. But is it actually working?Steve breaks down how to tell if your strategy is helping you win or quietly holding you back. He explains why most teams can't clearly explain the strategy, why the numbers don't lie, and how profits, cash flow, and return on invested capital reveal the truth. If your business feels busy but stuck, this episode will help you see why._______________________________________Disclaimer:The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information. LinkedIn | YouTube coltivar.com

Ben Graham In his Own Words

Special Situation Investing

Play Episode Listen Later Dec 22, 2025 30:24 Transcription Available

qr fountain own words ben graham roic

Thinking like Private Owners in the Public Markets with Jason Kirsch, Portfolio Manager at Rosen Partnership

Planet MicroCap Podcast | MicroCap Investing Strategies

Play Episode Listen Later Dec 5, 2025 36:52

My guest on the show today is Jason Kirsch, Portfolio Manager at Rosen Partnership and co-architect of the firm's Active Value Strategy — a concentrated, long-only, private-owner-style approach to investing in micro-cap companies across Canada, the U.S., and Europe. In this episode, Jason walks us through Rosen Partnership's philosophy of thinking like private owners in the public markets: buying capital-light, high-ROIC compounders at meaningful discounts to intrinsic value; partnering with aligned management teams; and using “constructivism” — a collaborative, non-activist engagement style — to help unlock long-term value. We dig deep into how Jason builds a true knowledge edge: talking not just to management, but to former executives, board members, competitors, suppliers — anyone who can broaden the mosaic and create an informational gap most investors simply aren't willing to develop. Jason also shares lessons learned from catalysts that didn't play out, how misaligned incentives can turn a bargain into a value trap, and why understanding your own psychology is just as important as understanding any business. For more information about Rosen Partnership, please visit: https://www.rosenpartnership.com/ We just announced our full slate of investor conferences for 2026, all in partnership with MicroCapClub. Our next major event is Planet MicroCap: LAS VEGAS, happening June 16–18, 2026, at the Bellagio. Registration is now open for that. And, later in the year, we'll be heading back to Toronto, October 27-29, 2026 at the Arcadian Loft. The mission is to bring the best microcap investors and companies together to gather, connect, and grow. This includes your participation. We know you are putting your 2026 investor conference calendars together, and we'd like to humbly invite you to join us for one or both of them. Please visit www.planetmicrocapshowcase.com for more information. See you in Vegas and Toronto! Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel. I've provided the link in the description if you'd like to subscribe. You'll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

canada europe las vegas toronto partnership private owners rosen portfolio managers thinking like kirsch bellagio public markets video interviews microcap roic microcapclub

No Revenue Growth, No Dividend Growth

The Dividend Mailbox

Play Episode Listen Later Nov 19, 2025 33:49

How strong is your dividend growth portfolio? Send it to us for a free evaluation at dcm.team@growmydollar.com. Plus, join our market newsletter for more on dividend growth investing.________Consumer staples look reliable with strong brands, steady cash flow, and good yields. But dividends can't outrun revenue forever, and across this sector the growth engine has stalled.In this episode, Greg begins with a quick recap of how 2025 has unfolded so far, highlighting strong income growth for the model portfolio, a handful of growth names driving market performance, and value strategies continuing to lag. From that backdrop, he digs into the disconnect between the appearance of safety in consumer staples and the underlying fundamentals that truly support dividend growth. Using Kimberly-Clark ($KMB), General Mills ($GIS), Colgate ($CL), Procter & Gamble ($PG), and Church & Dwight ($CHD) as case studies, Greg shows how companies with high ROIC and defensive business models can still become no-growth traps. These companies were once consistent outperformers with impressive dividend histories, but the economy evolves and so have their growth profiles. Topics Covered:03:05 – Comparing dividend growth to the S&P 50005:43 – Investing styles cycle and chasing rarely works07:07 – Surface numbers can be misleading11:00 – Kimberly-Clark: attractive metrics masking zero growth16:42 – General Mills: high yield but barely growing18:36 – Colgate: excellent margins, slow dividend progression19:58 – Procter & Gamble: financial strength, but limited growth21:03 – Church & Dwight: a past outlier that doesn't meet our targets23:57 – Kimberly-Clark's planned Kenvue acquisition29:36 – The mosaic of evidence investors should pay attention to Have questions or want a second opinion on your dividend strategy?Email us anytime at dcm.team@growmydollar.com for a free portfolio review and ongoing dividend insights.Send us a textDisclaimer: Past performance does not guarantee future results. This episode is for educational purposes only and is not investment advice. If you enjoy the show, we'd greatly appreciate it if you subscribe and leave a review RESOURCES: Schedule a meeting with us -> Financial Planning & Portfolio Management Getting into the weeds -> DCM Investment Reports & Models Visit our website to learn more about our investment strategy and wealth management services. Follow us on:Instagram | Facebook | LinkedIn | X

PodCa$t #114 - Estamos em uma Bolha Tech? | Prefeito Socialista em NY e o Impacto no Mercado

Empiricus Puro Malte

Play Episode Listen Later Nov 8, 2025 64:42

CONFIRA A EMPIRICUS BLACK: https://emprc.us/wVPXeLNo episódio #114 do Empiricus PodCa$t, os analistas da Empiricus, Matheus Spiess e Caio Araujo recebem Marcel Zambello, analista do BTG Pactual, para discutir o cenário global e o impacto da inteligência artificial nos resultados de empresas como Palantir, AMD e Tesla.Além disso, abordaram sobre o prefeito socialista eleito em Nova York, Zohran Mamdani, e como suas propostas de congelamento de aluguéis podem afetar o mercado imobiliário — tanto nos EUA quanto em cidades brasileiras como São Paulo.A conversa traz uma análise profunda sobre o impacto da IA nos resultados das empresas, o risco de excesso de valuation, e o debate sobre o retorno sobre o capital investido (ROIC). Até quando o mercado vai aceitar investimentos bilionários em inteligência artificial sem resultados concretos? O episódio explica por que a bolha tech de hoje é diferente (ou não) da bolha das pontocom dos anos 2000 — e o que investidores podem aprender com isso para tomar melhores decisões de investimento em ações de tecnologia.No quadro “Compra ou Vende?”, os analistas discutem os resultados de Qualcomm e Multiplan, além do novo pacote de remuneração bilionário de Elon Musk na Tesla. Entenda o que está por trás das decisões dessas companhias, o que os balanços revelam e se vale a pena comprar, vender ou manter essas ações neste momento do mercado.Apresentado por:Matheus Spiess (Analista de Macro e Política)Caio Araujo (Analista de Fundos Imobiliários)Convidado: Marcel Zambello, analista de ações internacionais do BTG Pactual#EmpiricusPodcast #BolhaTech #MercadoFinanceiro #Investimentos #Criptomoedas

Company. APi Global: The B2B Service Giant Consolidator

Play Episode Listen Later Oct 16, 2025 102:29

In this Company episode of The Synopsis we talk about APi Global, a high quality B2B service provider that specializes in fire safety and other important business service verticals. The company has been undergoing a transition by eschewing one-off construction projects and moving to more recurring and higher margin service revenue. In this episode we draw from our 61-page research report on APi Global to cover everything from their involvement with legendary investor Martin Franklin and the business transformation to the many types of services they offer and the large competition set they face. We hope you enjoy! **Learn more about our 61-page report here** For full access to all of our in-depth research reports, become a Speedwell Member here. If you need help getting Speedwell Research to become an approved research vendor, so you can expense your subscription, please email info@speedwellresearch.com *~*~*~* -*-*-*-*-*-*-*-*-*-*- Show Notes ~Section 1: Business History~ (0:00) — Intro (6:22) — Martin Franklin and The History of APi Group (13:12) — Leading With Inspections (24:16) — Smaller Project Focus and M&A (28:18) — Chubb Acquisition and Improving Service Mix ~Section 2: Business Background~ (34:40) — Revenue Segment Breakdown (42:15) — The Shift to Recurring Revenues (45:50) — Profitability ~Section 3: Industry and Competition~ (48:00) — Industry and T.A.M (50:31) — Competition and Competitive Advantages (1:05:00) — APi Group Model and Industry Dynamics ~Section 4: Capital Allocation, Risk, and Valuation~ (1:26:05) — Capital Allocation, FCF Conversion, and ROIC (1:34:35) — Preferred Shares and Insider Ownership (1:36:06) — Reverse DCF Valuation (1:38:20) — Risks (1:41:50) — Outro -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more! Sign up for Speedwell's free newsletter and weekly memos here *-*-*- Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. At the time of recording contributors had a position in APG. Furthermore, accounts contributors advise on also may have a position in APG. This may change without notice. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/

history business service global risk investing shift competition giant risks b2b contributors valuations competitive advantage synopsis apg business history roic speedwell preferred shares consolidator

Part 4: Money | Building Margin for Construction

Play Episode Listen Later Sep 9, 2025 55:18

This is Part 4 of Steve Coughran's book Building Margin. Steve shows contractors how to reclaim financial margin by focusing on free cash flow over paper profit—calculating gross margin and break-even revenue, using the four profit levers (pricing, COGS, overhead, volume), and tracking simple efficiency metrics (LTGP:CAC, ROL, ROIC) to stop leaks and price with confidence.LinkedIn | YouTube coltivar.com

money construction margin rol cogs free cash flow roic steve coughran

Part 7: Growth | Building Margin for Construction

Play Episode Listen Later Sep 9, 2025 27:08

This is Part 7 of Steve Coughran's book Building Margin. Steve reframes growth as a margin-first, systems-led discipline—not a volume push. He shows how to set a safe growth ceiling with ROIC, say no to low-value work, install simple systems to scale, and keep growth aligned with purpose so the business gets stronger, not just bigger.LinkedIn | YouTube coltivar.com

growth construction say no cashflow margin sustainable growth strategic growth working capital roic steve coughran

Part 8: Insight | Building Margin for Construction

Play Episode Listen Later Sep 9, 2025 31:12

This is Part 8 of Steve Coughran's book Building Margin. Steve shows how to turn data into decisions—closing the visibility gap, shifting from lagging to leading indicators, and building a culture where estimating, field, and finance interpret the same KPIs. The focus: track free cash flow first, use a tight KPI set, and run “insight sprints” so action protects margin.LinkedIn | YouTube coltivar.com

construction kpis kpi margin leading indicators free cash flow roic steve coughran

Part 11: Lever #7 – Strategy | Cash Flow

Play Episode Listen Later Sep 9, 2025 21:47

This is Part 11 of Steve Coughran's book Cash Flow. Steve covers the seventh lever of cash flow: strategy. He explains why profit is just the result of a good strategy, how ROIC is the scoreboard that proves whether your strategy is working, and the two main paths to long-term competitive advantage: differentiation or cost leadership.LinkedIn | YouTube coltivar.com

strategy cashflow business strategy lever competitive advantage differentiation sustainable growth financial strategies value creation business performance strategy execution free cash flow roic steve coughran

Part 9: Lever #5 – Capital | Cash Flow

Play Episode Listen Later Sep 9, 2025 17:30

This is Part 9 of Steve Coughran's book Cash Flow. Steve introduces the fifth lever of cash flow: capital. He explains why EBITDA isn't cash flow, how invested capital and ROIC reveal whether a business is creating or destroying value, and the hidden cash traps in receivables, inventory, and CapEx that often strangle growth.LinkedIn | YouTube coltivar.com

capital cashflow lever ebitda capex financial strategies inventory management business valuations working capital accounts receivable free cash flow roic steve coughran

Part 3: What Creates Value in a Business? | Cash Flow

Planet MicroCap Podcast | MicroCap Investing Strategies

Play Episode Listen Later Sep 9, 2025 13:32

This is Part 3 of Steve Coughran's book Cash Flow. Steve reveals what truly creates value in a business: generating more cash flow than the cost of your investments. He explains return on invested capital (ROIC), why growth without strong returns destroys value, and how to measure whether your business is actually creating or burning cash.LinkedIn | YouTube coltivar.com

creates cashflow business strategy value creation business valuations roic financial metrics small business finance steve coughran

Deep Value in Europe, Shareholder Activism, Stag Hunts, and Value Traps with Iggy on Investing

Play Episode Listen Later Sep 5, 2025 46:34

My guest on the show today is Iggy, better known as Iggy on Investing, a deep value investor and blogger. In this episode, Iggy shares how the COVID-19 lockdown gave him the time to dive into investing, turning inspiration from Buffett and Graham into a disciplined deep value strategy focused on small, illiquid companies trading at substantial discounts to book value. We discuss his “Young Buffett”–style approach—seeking firms at 0.3× to 0.5× book with strong ROIC and catalysts, especially in overlooked European markets—as well as the role his blog plays in clarifying his thinking, building conviction, and holding through long, boring periods. Iggy also walks us through hard-learned lessons—from the importance of staying within your circle of competence and scrutinizing corporate governance, to navigating shareholder activism via a “stag hunt” scenario. And he shares how he's building investor community in Europe, including hosting his 2nd Annual Benelux Investor Event on Saturday, September 27. For more information about Iggy on Investing and to attend his upcoming event, please visit: https://iggyoninvesting.substack.com/ You can follow Iggy on Investing on Twitter/X: https://x.com/iggyoninvesting Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel. I've provided the link in the description if you'd like to subscribe. You'll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

covid-19 europe european investing traps buffett iggy hunts stag video interviews microcap deep value shareholder activism roic

Part 4: Money | Building Margin for Construction

Play Episode Listen Later Sep 4, 2025 56:24

This is Part 4 of Steve Coughran's book Building Margin. In this section, Steve shows contractors how to reclaim financial margin by focusing on free cash flow over paper profit—calculating gross margin and break-even revenue, using the four profit levers (pricing, COGS, overhead, volume), and tracking simple efficiency metrics (LTGP:CAC, ROL, ROIC) to stop leaks and price with confidence.Win a free custom KPI Dashboard for your business. Apply now before the September 10th drawing: coltivar.com/kpisLinkedIn | YouTube coltivar.com

money construction margin rol cogs free cash flow roic steve coughran

Part 7: Growth | Building Margin for Construction

All-In with Chamath, Jason, Sacks & Friedberg

Play Episode Listen Later Sep 4, 2025 28:15

growth construction say no cashflow margin sustainable growth strategic growth working capital roic steve coughran

The Trade Desk (TTD) Stock Analysis 2025: Is It a Buy?

Strategy Show

Play Episode Listen Later Aug 14, 2025 11:57

OpenAI's GPT-5 Flop, AI's Unlimited Market, China's Big Advantage, Rise in Socialism, Housing Crisis

Play Episode Listen Later Aug 9, 2025 110:43

(0:00) Bestie intros! Gavin Baker, Ben Shapiro, and Phil Deutch join the show (7:32) GPT-5 underwhelms, benchmark saturation, OpenAI's product excellence (18:14) AI's TAM, ROIC, and energy implications (27:27) China's major advantage and how the US can counter it (43:46) Political parties picking winners, energy subsidy reversal, how the bureaucratic branch was created and how to fix it (52:38) Socialism, OBBB impact on energy, does socialism in the US rely on Mamdani in NYC? (1:10:00) Tariffs update: $125B+ revenue so far, India and Switzerland hit hard, Trump's ad hoc approach (1:27:51) Nvidia chips being smuggled to China (1:31:13) Apple's $700B in buybacks since 2015 and failing AI strategy (1:40:09) Summer reading recommendations Join us at the All-In Summit: https://allin.com/summit Summit scholarship application: http://bit.ly/4kyZqFJ Get The Besties All-In Tequila: https://tequila.allin.com Follow Ben: https://x.com/benshapiro Follow Gavin: https://x.com/GavinSBaker Follow Phil: https://x.com/pdeutch Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://www.bloomberg.com/news/articles/2025-08-08/openai-s-gpt-5-met-with-mixed-reviews-confusion-in-first-day https://www.anthropic.com/news/build-ai-in-america https://www.youtube.com/watch?v=whE75zEFBpU https://www.census.gov/library/visualizations/time-series/demo/historic.html https://www.justice.gov/opa/pr/two-chinese-nationals-arrested-complaint-alleging-they-illegally-shipped-china-sensitive https://www.ft.com/content/6f806f6e-61c1-4b8d-9694-90d7328a7b54

tiktok ai new york city donald trump china apple market political switzerland summit advantage openai tariffs nvidia socialism flop gpt besties tam housing crisis ben shapiro roic 700b gavin baker all in summit

BONUS: Why Large Organizations Struggle to Innovate With Elliott Parker

Scrum Master Toolbox Podcast

Play Episode Listen Later Aug 9, 2025 44:06

BONUS: Elliott Parker on Breaking The Illusion of Innovation and Why Large Organizations Struggle to Innovate In this BONUS episode, we dive deep into the paradox of modern corporate innovation with Elliott Parker, CEO of Alloy Partners. Elliott shares his insights on why well-managed organizations often struggle with innovation, the critical difference between execution and learning challenges, and how venture studios can bridge the gap between corporate resources and startup agility. In this episode, we explore Elliott's book The Illusion of Innovation. The Golden Gate Bridge Paradox "It took 7 years to add a safety net to a bridge that took 3 years to build." Elliott opens with a striking example that illustrates the central thesis of his work. Large organizations today are paradoxically less capable of handling opportunities and challenges despite being better managed than ever before. The irony lies in their very efficiency—modern corporations have become so optimized for capital efficiency and short-term profits that they've inadvertently sacrificed their capacity for future innovation. This focus on Return on Invested Capital (ROIC) creates organizations that excel at managing existing assets but struggle with the uncertainty required for breakthrough innovation. The Corporate Innovation Anti-Pattern "The more the innovation team borrows from the business, the more the innovation team starts to look like the original organization." Elliott reflects on a belief he once held and now completely disagrees with—that corporate innovation teams could successfully drive disruptive innovation from within. Having worked in corporate innovation focused on IP licensing and later in venture capital, he discovered that these internal teams, while excellent at expanding existing business models, inevitably become constrained by the very organization they're meant to transform. The solution he advocates is funding startups outside larger organizations, where there's nothing to preserve or perpetuate, allowing for true disruptive thinking. In this segment, we talk about Clayton Christensen's Disruption Theory which he explored in the now famous book: The Innovator's Dilemma. Execution vs. Learning Challenges "Moving slow is a feature of corporations, not a bug." One of Elliott's key frameworks distinguishes between execution challenges and learning challenges. Corporations are brilliantly designed for execution—when the problem and solution are known, they excel. However, learning problems, where the problem is clear but the solution unknown, require a fundamentally different approach. Elliott suggests marrying the best of both worlds: leveraging the funding and market research capabilities of large organizations with the disruptive ideas and solution-seeking agility of startups. He provocatively suggests treating communication around innovation as something to be avoided until solutions are proven, advocating for working in silos until innovation actually works. The Controlled Burn Philosophy "The only way to get data about the future is to collect data by running experiments." Elliott introduces the concept of "controlled burn" using forest fire management as a metaphor for corporate innovation. Just as western US forests have become dangerously dense from aggressive fire suppression, corporations have become fragile by avoiding all risk and experimentation. We can't predict the future, and there's no existing data about what's coming—the only way to generate future insights is through deliberate experimentation. However, managers are typically incentivized to avoid experiments and minimize risk, creating the organizational equivalent of dense forests prone to devastating fires when disruption eventually arrives. Creating Safe-to-Fail Environments "In corporates we focus on frequency of correctness. In startups we focus on magnitude of correctness." After initially believing he could change organizations from within, Elliott learned that creating truly safe-to-fail environments within established companies is nearly impossible. This realization led him to focus on creating startups as the perfect vehicle for business model experimentation. The fundamental difference in mindset is crucial: corporations optimize for being right most of the time, while startups optimize for the size of their wins when they are right, embracing a venture capital-like approach to innovation where occasional big wins compensate for frequent small failures. Shifting from Wealth to Knowledge Generation "Civilizations fail because they don't innovate fast enough." Drawing on insights from David Deutsch's work on learning and innovation, Elliott argues that long-term resilience comes from learning, not just wealth generation. He advocates for shifting corporate conversations from immediate wealth generation to knowledge and learning, positioning companies as explorers of innovation and business models. This requires different funding mechanisms—moving away from operational budgets managed through traditional Excel-based metrics toward "patient capital" that can sustain the uncertainty inherent in true innovation. Traditional management approaches lack the passion needed for breakthrough innovation. In this segment, we refer to David Deutsch's book The Beginning of Infinity: Explanations that Transform The World. About Elliott Parker Elliott Parker is CEO of Alloy Partners, where he helps corporations and universities launch startups through a venture studio model. A former Innosight consultant and entrepreneur, he's passionate about bridging big companies with startup ecosystems to unlock real innovation and long-term growth in an increasingly distributed world. You can link with Elliott Parker on LinkedIn.

Dialogue. Meta and Floor & Decor Update, Calculating ROIC on AI spend, New Mature Store Unit Economics Revealed