Summary of Mark Mahaney's Nothing But Net
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About this ebook
Get the Summary of Mark Mahaney's Nothing But Net in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: The Tech industry is the stock market’s hottest, most profitable sector, but it can be a roller coaster ride. Companies with great ideas can end up going nowhere, and some that dominate today will be sold at fire-sale prices in five years. “Sure things” can become “sore things” very rapidly. Nothing But Net provides the knowledge and insights you need to understand what’s really hot, to know what’s not, and to outperform other investors consistently and decisively.
Famous for his smart, savvy and unique approach to Tech stock investing, Mark Mahaney provides his 10 proven rules for succeeding as a long-term Tech stock investor―explaining everything he’s learned during almost 25 years of analyzing internet stocks,
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Summary of Mark Mahaney's Nothing But Net - IRB Media
Insights on Mark Mahaney's Nothing But Net
Contents
Insights from Chapter 1
Insights from Chapter 2
Insights from Chapter 1
#1
The stock market constantly changes its mind about companies, and their stocks, and investors lose money when they get the multiple of a company’s earnings wrong.
#2
The market can be unpredictable, and can punish you for assuming that things will go your way. It can even punish you for picking the right stocks.
#3
What are the lessons to be learned from the story of Blue Apron. First, understand the setup. For a time, it was considered a sure thing. Investors were pouring money into the sector, and Blue Apron was one of the biggest beneficiaries.
#4
The company’s biggest problem was its low customer satisfaction rate, which was attributed to the high price of the meal kits.
#5
The main lesson to be learned from Blue Apron is that it can be done. It just requires excellent management.
#6
The meal kit business is a difficult one to succeed in, and it requires an exceptionally talented management team.
#7
Although the author didn’t take the time to study the specific details of each company, he did consider the general idea behind each one, and came to the conclusion that they were all undervalued.
#8
The author upgraded Zulily to a Buy after its 50 percent correction, but downgraded it to a Hold six months later after it had recovered, as the company’s customer value proposition was not robust enough to maintain its momentum.
#9
The author visited Zulily in 2014 and was impressed by its business model, which consisted of high gross margins and a negative working capital cycle. But the company’s growth came to a screeching halt in 2015, when its founder decided to sell the company to QVC.
#10
The author bought Groupon in 2011, and it sank quickly. After the company’s founder and CEO Andrew Mason was fired, he sent