Kyle talks to Hamilton Helmer about the power of being an educator and how it’s helped him improve at strategy and investing, the differences between power and operational excellence, how he formulated his 7 powers, a deep dive into all 7 powers, updated case studies of some of the powers, why barriers are so important when benefits are much easier to find,  Hamilton Helmer is the Chief Investment Officer and Co-Founder of Strategy Capital. He's a seasoned business strategist and Ph.D. in Economics from Yale University. Hamilton has taught Business Strategy at Stanford University and authored the acclaimed book "7 Powers: The Foundation of Business Strategy." IN THIS EPISODE YOU’LL LEARN: 0:00:00 - Intro 0:00:34- How Hamilton uses his knowledge of strategic consulting to invest in companies with durable competitive advantages 0:02:50 - Changes in capital availability for private businesses 0:04:48- How Joseph Schumpeter has helped shape Hamilton’s strategy on entrepreneurship 0:09:19 - The distinction between power and strategy 0:11:59- Hamilton’s personal story of the power of Apple’s brand and switching costs 0:15:50 - Traits of earlier-stage businesses with potential for power 0:20:46- How to observe the power of a brand to ensure its advantage isn’t being eaten away 0:28:452- How businesses with switching costs power can keep customers happy while increasing prices 0:37:56 - The power of cornered resources 0:40:12 - Why algorithms are not a cornered resource 🤝 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members: https://theinvestorspodcast.com/mastermind 📈 Learn to invest like legend investors do — from the company that has interviewed them. Use YOUTUBE15 to get 15% off! https://theinvestorspodcast.podia.com/how-to-get-started-with-stocks 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ ▶️ RELATED EPISODES: - Investing in Quality Businesses & the Art of Lifelong Learning w/ Gautam Baid: https://youtu.be/_9l5XTZY5b0 - Long Term Success Strategies: Career Advice & Business Tactics w/ Sahil Bloom: https://youtu.be/IoOfNCqE9hg - How to Find 'Lightning in a Bottle' Businesses | Microcap Investing w/ Ian Cassel: https://youtu.be/6OLSQzrwQeI 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/business-durability-and-strategy-masterclass/ 📖  BOOK MENTIONED: - 7 Powers: The Foundations of Business Strategy by Hamilton Helmer: https://amzn.to/495XteP Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/  📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.