Shu Hattori has more than fifteen years of experience in management consulting, turnarounds & venture-backed start-ups, with employers including McKinsey, Groupon, and Alix Partners. Shu is now building Japan’s first serial acquirer - Pinecone, together with Andrew Chou. Our conversation builds upon Shu’s book, The McKinsey Edge. We talk about what investors can learn from consultants, thoughts on decentralization, and the vision for Pinecone.

For more info about the podcast, go to the episode page and make sure to follow us on Twitter/X. We love to hear your thoughts on what you like and what we can improve, so please give us your rating and a review. You’re also very welcome to tell us about great authors, books, and investors you want to hear on the show. Thank you! /Eddie & Niklas with team

This episode was recorded on Oct 11, 2023.

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Episode Chapters

(00:00) Introduction by Eddie & Niklas

(03:03) Welcoming Shu and Andrew

(08:17) How Shu’s book came about

(12:17) When was the last time I did X

(15:22) Asking second-order questions

(18:46) Thoughts on taking notes

(25:48) Learning to be passionate about your work

(28:58) Pinecone - The first serial acquirer in Japan

(44:00) The addressable market for serial acquirers in Japan

(47:36) Finding the right managers to run the businesses

(49:40) Are there more serial acquirers coming up in Japan?

(51:23) Why Pinecone?

(52:47) Decentralization at Pinecone

(56:04) Applying the McKinsey principles for building a serial acquirer

(01:01:18) Would Shu hire McKinsey consultants in the companies they acquire?

(01:02:55) Book discussions

(01:11:08) Job opportunities at Pinecone

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Books Mentioned

• The McKinsey Edge - Shu Hattori
• The Outsiders - William Thorndike
• The Essays of Warren Buffett - Lawrence Cunningham
• 7 Habits of Highly Effective People - Stephen R. Covey
• Don’t Sweat the Small Stuff - Richard Carlson
• Outliers - Malcolm Gladwell
• David and Goliath - Malcolm Gladwell
• Influence - Robert Cialdini
• The Psychology of Money - Morgan Housel
• The Magic of Thinking Big - David J. Schwartz
• Immunity to Change - Robert Kegan and Lisa Laskow Lahey

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Companies Mentioned

• Danaher
• LVMH
• McKinsey

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More on Shu and Andrew

Pinecone's website (English landing page)

Shu's LinkedIn

Andrew's LinkedIn

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About the Podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

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What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter/X: https://twitter.com/Investbythebook

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What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

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Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se