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Business Blunder: Pancake Flipper Al Lapin Jr. & International Industries (IHOP)

In Business Blunder by Sean Iddings0 Comments

The year was 1958. Former TV-motion picture specialist for the government turned entrepreneur, Al Lapin Jr., started a small pancake shop in downtown Los Angeles. Flipping flap jacks himself, he turned International House of Pancakes into a success from scratch. A year after opening International House of Pancakes, he began franchising the brand. By 1961, the company had eight owned …

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Jorge Paulo Lemann’s Thoughts on Failure

In Presentation by Sean Iddings0 Comments

Jorge Paulo Lemann is the quintessential intelligent fanatic. He founded Garantia in 1971 and built it from scratch into the best investment bank in Brazil. Along the way, he and his partners developed a management system and talent pipeline that is one of a kind. Warren Buffett said he has not seen a better management system, ever. Jorge Paulo and …

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No Shortcuts to Long-Term Business Success

In Presentation by Sean Iddings3 Comments

Investing and business success takes time. Cutting corners might provide great results in the short term but it eventually backfires. In this episode we explore a few companies who took shortcuts to build their business. Harold Geneen of ITT and Michael Pearson of Valeant rhymed a similar tune and met a similar demise. Intelligent fanatic Henry Singleton’s acquisition spree was …