Run the Numbers

E34: BlackRock Managing Director Tony Kim on the Secrets of Durable Companies

Jan 29, 2024

Tony Kim, Managing Director at Blackrock, discusses the secrets of durable businesses, unreliable TAM measure, competitive moats, 2nd/3rd acts for growth. They touch on durable revenue, data gravity, determining expansion opportunities, fundamentals in AI investments, the challenge of handling the backlog of unicorns, and analyzing CEO and CFO messages.

48:50

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Episode guests

Tony Kim

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Quick takeaways

Dominance and moats are crucial for long-term success in the tech industry.

TAM numbers should be critically evaluated and not solely relied upon for company evaluations and valuations.

Deep dives

The Importance of Dominance and Moats

One of the key ideas discussed in the podcast is the importance of dominance and moats in the tech industry. The speaker highlights the need for companies to dominate their respective categories and establish a strong competitive advantage. Companies that can achieve dominance and build lasting moats are more likely to succeed in the long term. This concept is exemplified by the example of simulation and chip design software companies, which have established dominance in their niche and developed gravity and durability in their respective markets.

Maintaining Compliance Is Never Complete

01:20

How to Listen to CEOs and CFOs on Public Earnings Calls

01:20

Introduction

5min

Understanding Durable Revenue

8min

Data Gravity and Implications within Organizations

6min

Determining a Company's Right to Own an Expansion Opportunity

3min

Understanding Fundamentals and Valuations in the World of AI

6min

The Challenge of Handling the Backlog of Unicorns

18min

Analyzing CEO and CFO Messages

4min

Tony Kim, Managing Director at Blackrock, joins CJ this week to touch on the secrets of durable businesses, why TAM is an unreliable measure of potential, competitive moats and 2nd/3rd acts as necessary means for sustainable growth, and more. Supercharge your financial operations with Maxio. Request a demo at www.maxio.com/runthenumbers for 10% off your first year.
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TIMESTAMPS:
00:00:00: Introduction
00:03:03: Definition and importance of durable revenue
00:05:35: Evaluating net dollar retention rate
00:09:08: Importance and calculation of TAM
00:16:45: Deconstructing and understanding real TAM
00:18:51: Thin wrappers and positioning companies
00:25:00: Comparing tech quality over different eras
00:28:58: Maturity and market attention for public companies
00:31:58: Necessity of moats and dominance in business
00:36:06: Evaluating companies
00:36:42: The importance of the second act in business
00:41:11: The value of a strategic narrative
00:45:02: What separates good CFOs from great CFOs

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Run the Numbers

E34: BlackRock Managing Director Tony Kim on the Secrets of Durable Companies

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Importance of Dominance and Moats

Deconstructing TAM and Valuations

Durability and Strategic Narrative

Attributes of Great CFOs

Maintaining Compliance Is Never Complete

How to Listen to CEOs and CFOs on Public Earnings Calls

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

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Run the Numbers

E34: BlackRock Managing Director Tony Kim on the Secrets of Durable Companies

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Importance of Dominance and Moats

Deconstructing TAM and Valuations

Durability and Strategic Narrative

Attributes of Great CFOs

Maintaining Compliance Is Never Complete

How to Listen to CEOs and CFOs on Public Earnings Calls

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AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

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