Business Breakdowns

$4 trillion opportunity - the GDP of Japan - if retail gets close to institutional allocation levels.

Business Breakdowns talks with David Plon, founder of Portrait Analytics, about how investors are using AI across research workflows that include idea generation, pre-buy analysis, and portfolio monitoring.

The conversation traces Cloudflare from web services into corporate security.

This episode analyzes Robinhood, exploring its origins as a mobile-first brokerage that disrupted the industry with commission-free trading via payment for order flow.

This episode breaks down Apollo Global Management, exploring its origins from Drexel Burnham Lambert, its focus on credit and complexity, and its evolution into a major alternative asset manager.

This episode of Business Breakdowns features Ramesh Narayanaswamy analyzing GE Aerospace, covering its market dominance in jet engines, complex supply chain, and unique business model where upfront sales are at a loss but aftermarket services yield high margins.

This episode breaks down Monday.com, a work management software platform, with guest Ben Hensman.

This episode of Business Breakdowns features Brett Larson analyzing Cognex, a leader in machine vision technology.

Matt Russell and Daniel Wu of Bristle Moon Capital break down Mercado Libre as a business that combines the largest e-commerce platform in Latin America with Mercado Pago and Mercado Credito.

Matt Russell and guest Sean Barrett break down EQT, the Stockholm-based private markets manager with about 270 billion euros of AUM and roughly 140 billion of fee-paying AUM.

Matt Russell replays a 2023 Business Breakdowns episode on ASML with Tom Walsh of Baillie Gifford, framing it as a clear explanation of extreme ultraviolet lithography and ASML’s role in semiconductor manufacturing.

Games Workshop is framed as a UK business built from wooden games, Dungeons and Dragons distribution, and the creation of Warhammer and Warhammer 40,000.

Business Breakdowns covers CompoSecure, the maker of premium metal credit cards for American Express, Chase Sapphire, Capital One Venture, Coinbase, and Robinhood Gold.

Patek Philippe is presented as a brand where even a basic Calatrava starts at $32,000 retail and an Aquanaut 5167A lists at $25,000, while the secondary market pushes that same Aquanaut to $70,000 plus.

Nexstar Media Group controls about 200 local stations across 116 U.S.

Matt Russell breaks down the recent IPO Waterbridge.

This episode of Business Breakdowns features Alan Tu from WCM Investment Management analyzing Databricks, a private data platform company.

Matt Russell frames Compass as a controversial real estate brokerage founded in 2012 by Robert Reffkin and now the largest U.S.

Matt Russell and Mark DeVos break down Agilent as a $30 billion market-cap company selling lab instruments, services, and consumables into 110 countries and 285,000 labs.

The host analyzes whether his business analysis podcast, Business Breakdowns, generates actionable investment 'alpha' by reviewing years of stock performance data for featured companies.

This episode features Aaron Cohen from GTCR discussing private equity's perspective on insurance brokers.

This episode breaks down Amphenol, a $150 billion industrial giant that manufactures connectors and sensors for electronics.

Think LinkedIn for doctors, but with DocuSign, Slack, and ChatGPT built in

Stephanie breaks UnitedHealth Group down as a business that reaches well beyond insurance.

Moncler and Stone Island anchor the discussion.

This episode breaks down CME Group, the leading derivatives exchange, exploring its history from agricultural roots to financial futures, its business model centered on liquidity and clearinghouses, and its competitive advantages like network effects and risk management.

This episode breaks down Exor, a Dutch holding company controlled by the Agnelli family, tracing its origins from Fiat to its current portfolio including Ferrari, Stellantis, and Philips.

Amadeus is uniquely positioned across the entire travel ecosystem

An episode of Business Breakdowns that begins with a sponsor message about an AI research tool, then introduces the show's format of deep-diving into a single business with investors and operators.

This episode breaks down Interactive Brokers, exploring its history, business model, revenue streams, and competitive edge in the brokerage industry.

This episode breaks down Kemed, a company that combines hospice care and plumbing services, focusing on its business model and capital allocation strategy.

An in-depth analysis of Ecolab, covering its history, business model, competitive advantages, and investment potential.

An investor and a portfolio manager dissect Snap-on's century-old business model, competitive moat, and financial performance.

An investor and operator dissect Goosehead Insurance, exploring its history, business model, and competitive edge in the insurance industry.

This episode analyzes the private credit markets, comparing them to public credit and exploring BDCs, deal dynamics, and market trends.

An in-depth analysis of British American Tobacco, covering its history, business model, competitive advantages, and market evolution.

An episode of Business Breakdowns analyzing the industrial conglomerate Amatek, its history, business model, and competitive advantages.

An in-depth analysis of Gartner's business model, growth, and competitive position in the research market.