Charlie Munger talks about the Latticework of Mental Models and how having exposure to many different disciplines helps gain insight into problems. Key to connecting different disciplines though, is the metaphor.
This week, on The Synopsis, we talk about our two Piton Network business philosophy pieces. The Piton Network is our attempt to create a metaphor that furthers investors and analysts understanding of business and strategy.
Our first memo is The Piton Network: Decisions that Simultaneously Support and Limit the Future Decision Space. You can read it here.
Our second memo is Meta-Optimizations: Knowing When a Business is Operating from Strength or Weakness. You can read it here.
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Show Notes
(0:00) Intro
(1:00) What is a Piton
(4:21) Decision Clusters, Southwest
(11:03) Floor & Decor, Copy Cats, Lowes
(17:53) Amazon vs Wal-Mart delivery
(20:22) Jim McKelvey's Innovation Stack, Square vs Amazon
(24:37) Pulling Out Pitons, Netflix
(32:28) Ford vs Tesla, Complexity, Piton Network vs Value Network
(43:35) Value of Metaphor
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Mentioned Links:
Speedwell's First Consumer Hierarchy of Preferences Memo
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/
