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Brilliant Pivot & Patience: Mail Order To $400 Million Biopharma Co.

In Intelligent Fanatic by Sean Iddings1 Comment

Mail order through catalogs is a method of consumption of a bygone era. Today, the concept has transitioned to the internet. The days of paper catalogs filled with pictures are gone and the experience, along with selection, has vastly improved. Sears or Montgomery Ward catalogs have been replaced by Amazon, Shopify, Flipkart and others. You can receive a shipment quicker …

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Billion Dollars To Bust: Health & Tennis Corp. Of America

In Business Blunder, Intelligent Fanatic by Sean Iddings0 Comments

Have you watched Shark Tank recently? An 83 year-old, who looked 50, along with a younger partner were pitching a new glove for snowboarding. That wasn’t the most interesting part. The older fellow, named Donahue “Don” Wildman, said he built and sold a multi-billion dollar revenue business. He did. That company was Health & Tennis Corporation of America. Don and …

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The Birth & Death Of A Consumer Franchise: Waldbaum’s

In Business Blunder, Intelligent Fanatic by Sean Iddings0 Comments

Readers who grew up in the boroughs of New York City or in some areas of New England, prior to the mid 1980s, might be somewhat familiar with our next case. Waldbaum’s was a supermarket chain that started from humble beginnings and grew to dominate their markets. The story behind the company is extremely interesting for numerous reasons. Namely, the founder …

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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 Iddings5 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 …