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Invest Like the Best with Patrick O'Shaughnessy
Hamilton Helmer – Power + Business - [Invest Like the Best, EP.174]
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Show Notes
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My guest today is Hamilton Helmer, the Co-Founder and Chief Investment Officer of Strategy Capital and the author of one of the best business books in history called 7 Powers, which is the topic of much of our conversation. He has spent his career as a practicing business strategist: advising companies, investing based on strategic insights and teaching strategy. In the last three decades, he has also utilized his strategy concepts as a public equity investor. In this conversation we cover all seven business powers, from counter-positioning to scale economies, and how companies earn and keep those powers. Any investor or businessperson should understand these concepts, and 7 Powers is the best work I’ve seen that explains them in depth. Please enjoy our conversation.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Show Notes
() – (First question) - What power means to him
() – Benefits being more common than barriers in the power equation
() – How early-stage companies develop their barriers
() – The power of counter positioning and how he’s seen it applied
() – The product side of counter positioning
() – Daniel Ek Podcast episode
() – Applying the idea of counter positioning to yourself
() – A cornered resource
() – A look at google as a cornered resource
() – Unique power of network economies
() – What subtleties disqualify network effects
() – Nuances of scale economies
() – Learning economies and who can scale it better
() – Building a switching cost and barrier into your business
() – Branding as power
() – Defining process power and how it differs from scale economies
() – The notion of the time lag and cash flow
() – Why is so much power concentrated in technology businesses
() – What does power mean for customers
() – Developing power as an art vs science, and the best power artists
() – The kindest thing anyone has done for him
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on Twitter at @patrick_oshag
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