Business Breakdowns
@bizbreakdowns
Official account of the Business Breakdowns Podcast. Diving deep into a single business and finding the key lessons for investors and operators. @joincolossus
TOMORROW: In typical @bizbreakdowns fashion, while everyone was gassing up Chris Hohn, we wanted to learn about the other guest on stage: $EQT I loved the answers on my two most important topics: How do you take a view on 1. Fundraising 2. Returns keeping pace with scale
Today, we break down Agilent. Agilent is a leader in instruments, software, and services to 285k labs - or the "picks and shovels" to Biopharma, Pharma, and Diagnostics. Marc de Vos, Fund Manager at Troy Asset Management, joined to cover this HP-born market leader.
Larry Mendelson and his two sons, Eric and Victor, took over HEICO in 1990. If you invested $10,000 at that time, you'd have over $6,500,000 today. A key operating principle has been "push trust down the organization and treat employees as owners". Rather than just say it,…
Listening to the AIG @bizbreakdowns episode. Hard to find a 50-year stock chart like $AIG.
Great pod on Moncler, @ReustleMatt @bizbreakdowns. Recommend if interested in luxury brands Acq. of Stone Island in '20 for $1.4B, 1/2 cash 1/2 shares Capex going 📈, returns going 📉, still 56% L10Yr, +52%, adjusting for FDSO +8% $MONC trades for 22x NTM FCF 🏔️⛷️🏔️🧥🏔️🎿
When fashion meets function. Moncler has always threaded the needle: - First summit of K2 by the Italians - Brigitte Bardot - Jackie Kennedy - This guy Tomorrow on @bizbreakdowns Get (the finest white goose) down
Latitude's "business breakdown" on #IBKR. Despite 50y of success, this company is entering an exciting phase of accelerated growth, due to it's cost discipline and technological advantages - and the exemplary leadership of the founder Thomas Peterffy. latitudeim.com/insights
In 1965, Thomas Peterffy arrived in the U.S. from Hungary with no English, no money, and no financial experience. He taught himself to code, automated options trading, and built a $75B company that’s now the 5th largest prime broker in the world. This is the story of IBKR: