The Synopsis
Episodes
Article. What is a Great Business?
28 Jun 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Interview. Best Anchor Stocks' Leandro on Multiples, Nintendo, Hermes, and Quality Companies.
30 May 2024
Contributed by Lukas
In this wide spanning interview episode we talk with Best Anchor Stocks' Leandro on investment philosophy, quality businesses, Nintendo, Deere, Copart...
Dialogue. Floor & Decor and Copart Business Update 1Q24
23 May 2024
Contributed by Lukas
On this episode we talk Floor & Decor, Copart, and their 1Q24 results. Check out our full company episodes on Floor & Decor and Copart below if you ...
Dialogue. The Business of SuperApps
15 May 2024
Contributed by Lukas
On this episode we talk about Grab, WeChat, Meituan, X, and all things about SuperApps. Our conversation builds off of a recent memo on SuperApps, whi...
Dialogue. Meta and Evolution Business Update 1Q24
01 May 2024
Contributed by Lukas
On this episode we talk about Meta, Evolution, and their 1Q24 results. Check out our full company episodes on Meta and Evolution below if you haven't ...
Article. Meta Business Update 1Q24
26 Apr 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Dialogue. RH Business Update
19 Apr 2024
Contributed by Lukas
On this episode we talk about RH and provide an update with their business. Check out our full company episode on RH if you haven't already! (Links be...
Article. WeChat, Meituan, and Grab: What is a SuperApp and Why You Will Fail Building One
12 Apr 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Dialogue. The Shein Model vs Zara, and Home Depot's Valuation circa 1999
10 Apr 2024
Contributed by Lukas
On this episode we talk about two Speedwell Memos. The first memo is titled "Priced to Outperform Perfection: The Home Depot Circa 1999" and covers ho...
Article. Evolution Business History
05 Apr 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Article. The Investment Matching Principle: How the Risk/ Return Profile Connects to Diversification
29 Mar 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Company. Coupang: Building the Leading South Korean Ecommerce Business from the Ashes of Mediocrity
26 Mar 2024
Contributed by Lukas
In this company episode on Coupang, Speedwell Research draws on their extensive research report to cover everything from Founder Bom Kim's early foray...
Article. Balancing Risk and Return: The Simple Statistics of Investing
22 Mar 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Article. Metaphor Malware: The Clumsy Thinking that is Crippling your Business Understanding
15 Mar 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Dialogue. What is the Cost of Equity?
13 Mar 2024
Contributed by Lukas
On this episode we talk about a memo of ours on what the cost of equity is, and how investors can practicially contextualize the question. The memo we...
Article. If the Model Doesn't Work, Don't Fix It: A Look at Traditional Apparel Retailers, Zara, and Shein
08 Mar 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Article. Constellation Software Business History
01 Mar 2024
Contributed by Lukas
In this episode of The Synopsis we read an excerpt from our Constellation Software research report, covering their Business History. If you prefer to ...
Company. Constellation Software: The Business of Buying Software Businesses
28 Feb 2024
Contributed by Lukas
In this company episode on Constellation Software, Speedwell Research draws on their extensive research report to cover everything from Mark Leonard's...
Article. If You Don't Know What Game You're Playing, You Already Lost
23 Feb 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Dialogue. When Investors Drive the Narrative
20 Feb 2024
Contributed by Lukas
On this episode we talk about a recent memo on how investors can influence businesses and what is difference between being a public versus private com...
Article. From Public to Private Markets: The Detrimental Impact of Investors' Expectations
16 Feb 2024
Contributed by Lukas
*Important* If you listen on Spotify, make sure you follow us on this Spotify feed. We just became aware there was a duplicate feed, which we are disc...
Interview. Mostly Borrowed Ideas on Google, Meta, and Investment Decision Quality
14 Feb 2024
Contributed by Lukas
On our very first interview we talk with Mostly Borrowed Ideas in a wide spanning interview on Meta, Google, Microsoft, and investment decision quali...
Dialogue. Meta, Etsy, and Snowballing Risk
13 Feb 2024
Contributed by Lukas
On this episode we talk about how investment risks could impact an investment thesis through the lens of Etsy and Meta. We provide a short "timeless" ...
Article. Etsy Business History
09 Feb 2024
Contributed by Lukas
In this episode of The Synopsis we read an excerpt from our 79 page Etsy Report, covering Etsy's Business History. If you prefer to read instead of li...
Dialogue. A New Mental Model: The Piton Network
06 Feb 2024
Contributed by Lukas
Charlie Munger talks about the Latticework of Mental Models and how having exposure to many different disciplines helps gain insight into problems. Ke...
Article. Meta-Optimizations: Knowing When a Business is Operating from Strength or Weakness
02 Feb 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Dialogue. Lessons We Can't Draw From Wish
30 Jan 2024
Contributed by Lukas
This week on The Synopsis, we talk about a recent memo, "The Future of Ecommerce That Wasn't: An In-depth Look into What Went Wrong with Wish". In thi...
Article. The Future of Ecommerce That Wasn't: An In-depth Look into What Went Wrong with Wish
26 Jan 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Company. Evolution: Bringing the Casino Online
24 Jan 2024
Contributed by Lukas
In this podcast on Evolution, Speedwell Research draws on their 74-page report to cover everything from the company's inception experimenting with a s...
Article. Ten Lessons from Copart's 40 Years in Business: Learning from Willis Johnson and Jay Adair
19 Jan 2024
Contributed by Lukas
In this episode of The Synopsis we read a Speedwell Research memo from our backlog. If you prefer to read instead of listen to the memo, you can find ...
Dialogue. Threats to Google's Search Dominance
15 Jan 2024
Contributed by Lukas
This week on The Synopsis, we talk about a recent memo, "Google Shut the Door on Competition, AI Swung it Back Open". We cover some old threats to Goo...
Article. Google Shut the Door on Competition, AI Swung it Back Open
12 Jan 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Article. Priced to Outperform Perfection: The Home Depot Circa 1999
09 Jan 2024
Contributed by Lukas
In this episode of The Synopsis we read a Speedwell Research memo from our backlog. If you prefer to read instead of listen to the memo, you can find ...
Article. The Risk Circle: Deciding What Risks Matter and When
05 Jan 2024
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Article. How Pies, Proofs, and Punch Cards Hold Key Insights into the Cost of Equity
29 Dec 2023
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Article. Understanding Modularity: How Apple, Bloomberg, and Amazon Kept Strategic Coherency
22 Dec 2023
Contributed by Lukas
In this episode of The Synopsis we read our weekly Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access t...
Company. Floor & Decor: The Costco of Flooring
20 Dec 2023
Contributed by Lukas
In this podcast on Floor & Decor, Speedwell Research covers everything from its founding as a single store in Atlanta, Georgia to becoming the leadi...
Article. Walker & Dunlop Business History
15 Dec 2023
Contributed by Lukas
In this episode of The Synopsis we read an excerpt from our 63 page Walker & Dunlop Report. If you prefer to read instead of listening to this article...
Article. The Piton Network: Decisions that Simultaneously Support and Limit the Future Decision Space
08 Dec 2023
Contributed by Lukas
In this episode of The Synopsis we introduce a new episode format called, "Articles". As the name suggests, this episode will be a reading of a memo...
Company. Dream Finders Homes: A Better Business Model for the Homebuilding Industry
27 Nov 2023
Contributed by Lukas
In this episode of The Synopsis we cover capital-light homebuilder, Dream Finders Homes. We dovetail into the homebuilding industry, the macro supply/...
Company. Etsy: Building an Internet Marketplace in the Shadows of eBay and Amazon
23 Oct 2023
Contributed by Lukas
In this episode of The Synopsis, we cover everything from Etsy's founding history and early strategic errors to how Josh Silverman quickly reaccelera...
Dialogue. The Consumer's Hierarchy of Preferences—The Other Side of The Consumer Value Prop
02 Oct 2023
Contributed by Lukas
This week on The Synopsis, we introduce our Consumer's Hierarchy of Preferences framework in a new episode format. The Consumer's Hierarchy of Prefere...
Company. Copart: Building a Deep Moat Business from Junkyards and Wrecked Cars
05 Sep 2023
Contributed by Lukas
In this podcast on Copart, Speedwell Research covers everything from Founder Willis Johnson's early business career to the industry dynamics, and how ...
Company. RH: From Near Bankruptcy to Multi-Billion Dollar Luxury Retailer
07 Aug 2023
Contributed by Lukas
In this podcast on RH, Speedwell Research covers everything from Restoration Hardware's beginnings as just a catalog in a personal living room to mass...
Company. Meta Platforms: From Dorm Room to Global Dominance
24 Jul 2023
Contributed by Lukas
In this inaugural podcast, Speedwell Research goes into details on their ~170 page, January 2023 report on Meta Platforms ($META). We cover a list of ...