TIP600: Business Durability and Strategy Masterclass with Hamilton Helmer

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 14 January 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Kyle talks to Hamilton Helmer about the power of being an educator and how it’s helped him improve at strategy and investing, the differences between power and operational excellence, how he formulated his 7 powers, a deep dive into all 7 powers, updated case studies of some of the powers, why barriers are so important when benefits are much easier to find. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:41 - How Hamilton uses his knowledge of strategic consulting to invest in companies with durable competitive advantages. 01:52 - How Joseph Schumpeter has helped shape Hamilton’s strategy on entrepreneurship. 14:00 - Traits of earlier stage businesses with potential for power. 20:25 - How to observe the power of a brand to ensure its advantage isn’t being eaten away. 24:02 - How businesses with switching costs power can keep customers happy while increasing prices. 24:12 - Hamilton’s personal story of the power of Apple’s brand and switching costs. 29:12 - The distinction between power and strategy. 30:46 - The power of cornered resources. 32:50 - Why algorithms are not a cornered resource. 38:01 - Changes in capital availability for private businesses. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Check out Hamilton’s book, 7 Powers: The Foundations of Business Strategy. Learn more about Strategy Capital. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Follow Kyle on Twitter and LinkedIn. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite Salesforce Glengoyne Whisky BiOptimizers - Nootopia Wise Percent Shopify Fidelity Fundrise Vacasa TurboTax HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:03.0	In today's episode, I'm talking to Hamilton Helmer about the power of being an educator and how it helped them improve its strategy and investing.
0:10.0	The difference is between power and operational excellence,
0:13.4	how he formulated his seven powers,
0:15.7	a deep dive into all seven of his powers,
0:18.5	updated case studies for some of the powers
0:20.8	why barriers are so important when benefits are much easier to find, how
0:25.4	intellectual property is and is not a power, and so much more.
0:29.8	I first learn about Hamilton-Halmer when researching Michael Porter and his five forces.
0:34.4	That rabbit hole led me to Hamilton's great book from which I've taken so many great lessons.
0:39.3	Part of the reason I decided to write about investing was to learn more about it by sharing
0:42.4	my lessons with others.
0:43.9	And Hamilton has done this at the highest level possible as a professor at Stanford University's
0:47.9	economics department.
0:49.4	I asked him how this experience made him a better strategist and investor and his answers did not
0:53.8	disappoint. If you enjoy learning about motes, their competitive advantages, the benefits
0:58.0	they provide, and all the subtle nuances that go into what makes them strong, you're
1:01.8	going to take a lot from this episode.
1:04.0	Now, without further delay, let's get right into this great conversation with Hamilton Helmer.
1:12.3	You are listening to the Investors Podcast. Since 2014, we studied the financial markets and read the books that influence self-made billionaires the most.
1:21.0	We keep you informed and prepared for the unexpected. Now for your host, Kyle Grieve and today we bring Hamilton Helmer onto the show.
1:40.0	Hamilton, welcome to the podcast.
	...

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