The Equity Toolkit is a collection of analytical toolks and mental models that are grouped according to eight key Frames.

Analysis Frames – The traditional tools of equity analysis

Application Frames – The background or inter-disciplinary tools that help in understanding how to apply and interpret the analysis frames

  • Systems (Distinction between mechanistic and systems analysis)
  • Behaviour (The difference between how we should and how we do behave).
  • Probability (Risk and Uncertainty)
  • Process (General analytical tips for any discipline)

SaaSy Stories – Bottom up questions for Updater

In our top down review of a selection of small SaaS companies we noted that on face value metrics for Updater ($UPD) looked good.  Revenue growth, historic and forecast, was parabolic and this was being delivered with modest cash burn relative to peers.  However, the composition of this revenue growth is the key for further analysis. [...]

2022-12-09T14:49:42+11:00March 7th, 2018|

Systems Thinking – Finding the Wood through the Trees

In their book The Systems View of Life, authors Capra and Luisi distinguish between analytical thinking - which involves taking something apart to understand it  - and systems thinking - which means putting it into the context of a larger whole.  They note that, “the tension between mechanism and holism has been a recurring theme throughout [...]

2022-12-09T14:49:47+11:00November 8th, 2017|

The Gartner Hype Cycle as an Investment Tool

An essential element of the Investment Frame is deciding what sort of stories you want to focus on.  This post examines a tool that is useful for understanding the stories around early stage growth companies. The Gartner Hype Cycle is one of a number of marketing products published each year by the research firm of the same name.  It [...]

2022-12-09T14:49:48+11:00September 5th, 2017|
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