The Synopsis

In this episode of The Synopsis we read our latest Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access to the article below. This weeks memo is "Investing is Just Answering a Series of Questions: Explaining the Reverse DCF" Memo Link:   https://www.speedwellmemos.com/p/investing-is-just-answering-a-series Recomended Article Podcast on Hurdle Rates: ( S...

In this company episode on CoStar Group, Speedwell Research draws on their extensive research report to cover everything from Founder Andy Florance's entrance into the real estate data space from his Princeton dorm room to becoming the dominant real estate data and analytics provider. Florance not only beat out competition in the commerical data space, but succesfully entered several new markets i...

On this episode we talk about a recent memo, What You Don't Know About Sell-side Price Targets We cover several factors that influence a sell-side analysts' recommendations and explain that price targets don't mean what you think they do. We hope you enjoy!  For full access to all of our in-depth research reports, become a  Speedwell Member here .  -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (1:...

In this episode of The Synopsis we read our latest Speedwell Research memo. If you prefer to read instead of listen to the memo, you can find access to the article below. This weeks memo is "What You Don't Know About Sell-side analyst Price Targets" Memo Link:   https://www.speedwellmemos.com/p/what-you-dont-know-about-sell-side   -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) – Intro (1:19) –Memo Readin...

On this episode we talk about 2Q24 earnings for Floor & Decor ($FND) and Evolution ($EVO). For both companies we have longer, in-depth podcast episodes which you can listen to below. These are evergreen and give a lot of more details on each companies' history, business, industry, and competitve dynamics.  Listen to the Floor & Decor Company Podcast Episode here:  Apple , Spotify   Listen to the E...

In this episode of The Synopsis we read an excerpt from our extensive research report of Coupang! If you prefer to read instead of listen to the memo, you can find access to the article below. Memo Link:   https://www.speedwellmemos.com/p/coupang-business-history   Become a Speedwell Member or Purchase the Coupang Single Report Here The Synopsis Coupang Company Podcast Episode:  Apple , Spotify -*...

On this Company episode of The Synopsis we cover Porsche AG. Porsche is a brand that has tried to become "luxury at scale" with over 300k units produced annually versus undisputed luxury car brands who produce closer to ~10k. While their strategy might have diluted their brand, they still enjoy superior positioning compared to most premium car manufacturs like BMW and Mercedes-Benz.  Listen to thi...

On this episode we talk about a recent memo, What is a Great Business?   Other Memos Mentioned: The Consumer's Hierarchy of Preferences: The Other Side of the Consumer Value Prop For full access to all of our in-depth research reports, become a  Speedwell Member here .  -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (1:53) Observing versus Creating a Great business (6:07) Great Businesses through t...

On this episode we talk Constellation Software and RH!  Listen to our full company-specific episodes on Constellation Software and RH in our feed if you haven't already!  *Note*  After this recording we switched how we record our podcasts, so you should enjoy better sound quality in the future!  Memo Mentioned: The Investment Matching Principle -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (1:40)...

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 to the article below. This weeks memo is "What is a Great Business?" Memo Link:   https://www.speedwellmemos.com/p/what-is-a-great-company   Check out Speedwell's Interview with Best Anchor Stocks ( Spotify , YouTube ) -*-*-*-*-*-*-*-*-*-*- Show Notes...

In this wide spanning interview episode we talk with Best Anchor Stocks' Leandro on investment philosophy, quality businesses, Nintendo, Deere, Copart, Hermes, and much more!  Find out more about Best Anchor Stocks here,  follow Leandro on Twitter @Invesquotes  and Best Anchor Stocks Podcast can be found here. -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (1:16) What Characterizes a Good Business?...

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 haven't already!  Floor & Decor Company Episode :  Apple   Spotify Copart Company Episode:  Apple   Spotify (Note Copart's latest quarter is fiscal 2Q, but ends Feb. 27) -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (0:47) Floor & Decor Update  (17:58...

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, which you can read here:  WeChat, Meituan, and Grab: What is a SuperApp and Why You Will Fail Building One **Please note we had issues with the orginal sound recording and had to use AI tools to adjust the sound volume, however it adversely impacted the...

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 already!  Meta Company Episode: Apple , Spotify Evolution Company Episode: Apple , Spotify A written update on Meta's 1Q24 results can be found here .  -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (1:06) Evolution Business Update (16:06) Meta Busine...

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 to the article below. This weeks memo is a business update on Meta.  Memo Link:  https://www.speedwellmemos.com/p/meta-1q24-business-update Purchase our Meta Research Report here . Become a full Speedwell Member and gain access to the updated reverse...

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 below) RH Company Episode:  Apple , Spotify A Written Update on RH from 1H23 can be found here .  -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (1:01) Announcement (2:05) RH Business Update  (30:44) Conclusion     -*-*-*-*-*-*-*-*-*-*- Become a Speedwe...

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 to the article below. This weeks memo is "The Investment Matching Principle: How the Risk/ Return Profile Connects to Diversification"  Memo Link:   https://www.speedwellmemos.com/p/wechat-meituan-and-grab-superapp   -*-*-*-*-*-*-*-*-*-*- Show Notes (...

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 how to think about valuation and what is priced into a stock.  The second memo is If the Model Doesn't Work, Don't Fix It: A Look at Traditional Apparel Retailers, Zara, and Shein and covers the business operations of three different retail models. ...

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 to the article below. This weeks memo is an exceprt from our Evolution Research Report.  Memo Link:   https://www.speedwellmemos.com/p/evolution-business-history   Become a Speedwell Member or Purchase the Evolution Single Report Here -*-*-*-*-*-*-*-*...

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 to the article below. This weeks memo is "The Investment Matching Principle: How the Risk/ Return Profile Connects to Diversification"  Memo Link:   https://www.speedwellmemos.com/p/the-investment-matching-principle   -*-*-*-*-*-*-*-*-*-*- Show Notes...

In this company episode on Coupang, Speedwell Research draws on their extensive research report to cover everything from Founder Bom Kim's early foray into commerce with a Groupon-like business to an epic restructuring of the company just weeks away from IPOing that left them on the path to become the leading South Korean ecommerce business. Learn about how the South Korean competitve enviroment d...

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 to the article below. This weeks memo is "Balancing Risk and Return: The Simple Statistics of Investing"  Memo Link:   https://www.speedwellmemos.com/p/balancing-risk-and-return-the-simple   -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) – Intro (1:33) –Memo...

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 to the article below. This weeks memo is "Metaphor Malware: The Clumsy Thinking that is Crippling your Business Understanding" Memo Link:   https://www.speedwellmemos.com/p/metaphor-malware-the-clumsy-thinking   -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00)...

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 draw on in this episode is called "How Pies, Proofs, and Punch Cards Hold Key Insights into the Cost of Equity" and can be found  here .  -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) Intro (0:45) How Much Money Should I Make for Risking my Capital?  (1:3...

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 to the article below. This weeks memo is "If the Model Doesn't Work, Don't Fix It: A Look at Traditonal Apparel Retailers, Zara, and Shein" Memo Link:   https://www.speedwellmemos.com/p/if-the-model-doesnt-work-dont-fix -*-*-*-*-*-*-*-*-*-*- Show Note...