Our weekly thoughts and general ramblings about everything related to business – from industries and investments to management and operations.



Weekly Thoughts: Mother Runner

Here is something that caught our eye this week: Mother Runner How to win despite having no time or resources  We recently enjoyed a New York Times article about Katie Arnold, winner of the 2018 Leadville 100, a notoriously difficult ultra-marathon.  Held annually in Leadville, Colorado, the race covers difficult terrain and elevation changes and must be completed within a 30 hour time limit; most do not finish.  What is interesting about Katie is that on the surface, it was unlikely she would even complete, much less win the race. From the article: ¨Frankly, the entire endeavor seemed improbable, delusional even. I had two young

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Weekly Thoughts: The Bait and Tackle Shop

Here is something that caught our eye this week: The Bait and Tackle Shop Just because something cannot scale does not mean it cannot earn outsized returns  We recently came across an investment opportunity that reminds us of the proverbial bait and tackle shop. While the company will never grow to be size of a unicorn, its geographic positioning allows for extraction of abnormal returns over the long-term despite seeming innocuous to the casual bystander.  In discussing the opportunity, we were reminded of an article we wrote in 2015 about the bait and tackle concept which has since become a central talking

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