Focused Compounding Ep 422. Creating Business Systems, John Neff, Multiple Expansion, Inflection Points, and Other Investing Musings
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Jan 5, 2024 Investing expert John Neff discusses creating business systems, multiple expansion, inflection points, and other investing musings. The hosts explore books on success and business systems, dive into the concept of systems using Howdens Joinery as an example, and analyze John Neff's investing strategies. They also discuss the impact of multiple expansion on returns and explore different investing approaches and portfolio composition.
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Kitchens or Sink
- Andrew Kuhn received John Neff's book, "Kitchens or Sink."
- It's about building a FTSE 250 company from scratch.
Read Business Books
- Read business books, not just investing books, to understand businesses better.
- Investors can gain broad knowledge across industries, unlike business people.
Decentralized Systems
- Create decentralized systems with autonomy for each location, like Howden's Joinery.
- This allows for better customer service and sales focus.