Like Netflix, but for business nerds.
Short addictive breakdowns of weirdly profitable and interesting companies.
Take their tactics. Apply them to your business or career. Scale smarter than your competitors.
Archive
How a 5% Margin Distributor Built a $10B Company in Healthcare Consumables
Despite margins hovering at 5%, Henry Schein has carved out a defensible position through scale, relationships, and process power. Their mix shift into software shows how even traditional distributors can add leverage.
The "Fun" REIT That Got Punched in the Mouth in 2020
EPR built a high-margin portfolio of amusement parks, ski areas, and theaters, delivering 90%+ gross margins with only 55 employees. But when nearly half of their pre-COVID rent roll came from movie theaters, even their triple net leases couldn't prevent their revenue from cratering. This company is a lesson in a lean operating philosophy as well as the danger of black swans.
How a "Superapp" Turned a 3% Margin Into a 40% Margin Business
Most founders underestimate the scale requirements behind a double-sided marketplace. Grab’s journey shows exactly how much capital, time, and operational pain it takes to get the flywheel spinning. My advice to you: unless you can fund the burn, don't play this game.
The Data Center Company Betting Big on AI (w/o taking on GPU risk)
Equinix is committing tens of billions in capex over the next five years. This report breaks down the business model behind that decision, how recurring revenue and interconnection work, and why GPU ownership stays with the customer.
How Timken Turns Bearings Into Billions in of Recurring Revenue
This report digs into Timken’s financials, competitive position, and long-term strategy. They are a case study in building durable advantages through scale, process, and distribution. And it’s also a reminder that legacy companies aren’t immune to leadership turmoil or cyclical markets.
