Curated reads for November 14, 2020
DID YOU KNOW?
At a point in history, this tycoon owned the equivalent of one in every nine dollars in USA. Here’s the story of Cornelius Vanderbilt, the business magnate who built an empire in shipping and then, at the ripe old age of seventy, in US railroads. Vanderbilt’s legacy provides timeless and universal lessons in business success. He thrived in an era of enormous technological change as railways revolutionised the American economy. Yet his approach to business is evident in many of the successful businesses we see today; tapping new markets through lower prices, respecting shareholders, sharing scale advantages and sacrificing short term profits for long term gains. Read more
This stock has delivered over 47,500% returns up to January this year. Meet HEICO – a niche business which has displayed long term compounding for over two decades by focusing on sustainable cost advantages and strategic LBOs Read more
LESSONS FOR CORPORATES
Carhops have been around since the 1920s, and drive-throughs have been around since the 1940s; yet the drive-thru is bound to change more in the next year than it has in the past decade. The way that the physical logistics of your car, the power of digital and AI technologies, and even the design of menus will all materialize into a radically different experience. Read more