Oakhall Reading List

By Griff | This is the way we think about stuff at Oakhall

Google CFO Pichette’s ‘I quit’ note is a classic in a dodgy genre

When Patrick Pichette last week posted a letter on Google+ to say that he was resigning as the company’s chief financial officer to go backpacking …

Middle Age

Investment banks on collision course over free research

Some of the world’s biggest investment banks are on a collision course about how to distribute their economic and fixed income research after new …

Banking

Procter & Gamble/Peltz: hit the deck

A common complaint levelled at management consultants is that they abscond as soon as the presentations are over, leaving the heavy lifting to …

Procter & Gamble

Have equity income funds had their day?

In the 1950s, the point of investing was simple. It was, says John Littlewood in his book, <i>The Stock Market: 50 Years of Capitalism at Work</i>, “to …

Investing

How to apply Marimekko to data

The most sinister feature on a chart is often an innocent-looking asterisk. Pointing the reader to an innocuous footnote can be a symptom that all is …

Data Visualization

Venture Capital Funnel Shows Odds of Becoming a Unicorn Are Less than 1%

The venture capital funnel highlights the natural selection inherent in the venture capital process.<p>Anecdotally, it’s known that most startups fail. …

US share buyback plan approvals plunge

US corporate boardrooms’ approval of share buyback plans has fallen to its lowest level since 2012, signalling that the stock market’s surge to …

Memos from Howard Marks

<b>Memo to</b> <br>Oaktree Clients<p><b>From</b> <br>Howard Marks<p><b>Re</b> <br>There They Go Again...Again<p>Latest memo from Howard Marks: There They Go Again...Again<p><b>Some of the memos I’m</b> …

How I lost my 25-year battle against corporate claptrap

For nearly a quarter of a century, I have been writing columns telling business people to stop talking rot. For the same amount of time they have …

Comment on CB Insights Presents: Corporate Innovation Theatre In 8 Acts by Daniel Rosen

You forgot the denouement moment when the corporation starts an early-stage, corporate VC practice (because…why not?), and of course the final act …

Profit

Blackstone’s struggle to win over investors

It has been a decade since Stephen Schwarzman listed Blackstone, his private equity firm, on the New York Stock Exchange. By most measures, the past …

What China Reveals About the Future of Shopping

Related Expertise Retail, Globalization<p>The New Retail: Lessons from China for the West<p>By , , , , , and

On Growing: 7 Lessons from the Story of WeChat

Founders are increasingly pointing to Asia when asked for an example of a product they aspire to create, and WeChat is very often that aspirational …

Chatbots

EX-99.1

Comment on PSA: Email Introduction Etiquette – Always Always Always Use the Double Opt-In Intro by Gr8Dad

What a wimp.Disagree with your catagorization as lazy and disrespecful. I’d catagorize the double blind approach to a simple introduction as …

Jeff Bezos

Great Groveling, Guys: Counting All the Ways Analysts Fawn Over Management

Analysts said 'congratulations' on earnings calls 11,831 times in a decade<p>The phrase “Great quarter, guys” has been uttered by analysts so often on earnings conference calls that it’s become a standing joke on Wall Street. There’s even a Twitter account, with a skeptical take on earnings news, …

Miami

US share buybacks punch below their weight

President Donald Trump wants corporate America to invest more in factories, but since the financial crisis more companies have preferred to hoover up …

Unilever’s brand of responsible capitalism should be lauded

Since Kraft Heinz, the food company, withdrew its offer for Unilever, analysts have been calling for the consumer goods conglomerate to “accelerate …

Rise and fall of Adeptus is perfect parable of Wall St hype

While Snap was powering towards a first-day gain of 44 per cent on Thursday, making a success of the noisiest tech IPO since Twitter, another recent …

Industries Of The Future: The Trends, Companies, And Categories The Top VC Firms Are Betting On

“Smart money” VCs have an enviable investment history, with a pattern of successful exited companies and high returns. And these firms’ portfolios …

Betting

Boutique research groups set to gain from charging shake-up

Leo Vicars is a morning person. On a typical day last month he rose at 5am, pulled on jeans and a jumper, whizzed up a smoothie and opened his …

The MVP is dead. Long live the RAT.

Why you should focus on <i>Riskiest Assumption Tests</i> and forget about MVPs.<p>There is a flaw at the heart of the term Minimum Viable Product: it’s not a …

Product Management

Fundraising Rounds Are Not Milestones

When meeting with founders for the first time I sometimes hear, “We’re a Series A company.” Meanwhile, YC alumni I talk to tell me that their angel …

Getting to a first meeting with VCs

<b>Key Takeaways</b><p>Target the VCs that are the best fit for your business<br>• Find a way in through a referral where possible<br>• Not all referrals are equal, find a …

The trouble with ‘free’ banking for challenger lenders

No one likes us, we don’t care” sing the supporters of Millwall, the unfashionable south-east London football club. Across the river Thames in Canary …

Terry Smith: What I have learnt at Fundsmith in the past five years

Fundsmith, my fund management business, celebrated its fifth anniversary in the past month. What have I learnt over the past five years of running …

16 Startup Metrics – Andreessen Horowitz

We have the privilege of meeting with thousands of entrepreneurs every year, and in the course of those discussions are presented with all kinds of …

SaaS

Leslie’s Compass: A Framework For Go-To-Market Strategy

As the former CEO of Veritas, a Stanford GSB Lecturer and MD of Leslie Ventures, Mark Leslie has seen what it takes to go to market effectively from …

Business School