Klosters

Strategic Concepts & Mechanics

Risk DoctrineNo Cross-Pledging of Crown Jewels

Signature MoveDeals Hated, Strategy Loved

Signature MoveNever Run Out of Cheque-Writing Time

Relationship LeverageShare the Pie to Keep the Table

Strategic PatternEcho Bay Model Then Surpass It

Signature MoveKlosters Mountain as Strategic War Room

Identity & CultureRefugee Hunger as Permanent Engine

Cornerstone MoveWritten Memo Then Unanimous Sign-Off

Identity & CultureReturn to Canada Only With Success

Cornerstone MoveBuy Producing Assets at Cycle Bottom, Never Explore

Signature MoveTrust Mining Operators Then Stay Away

Operating PrincipleFocus as Compensation for Ordinary Talent

Cornerstone MoveBorrow Against the Asset to Buy the Asset

Decision FrameworkGeopolitical Disruption as Buy Signal

Strategic PatternScarcity Premium as Entry Signal

Signature MoveControl Without Majority Ownership

Primary Evidence

"That's my life in Switzerland. I don’t have to use a car. I spend four or five hours on the mountain with my guide or my wife or my friends or my family. I love the mountains. I love the challenge of skiing—I’m a bad athlete but I love it. It’s the best thing you can do with five of your kids and your wife and your friends and have fun all day. Klosters is the ideal lifestyle for me, just like in the summer | think my Georgian Bay island keeps my sanity and keeps my mind and my focus, enables me to live with the pressures."

Source:The Golden Phoenix : A Biography of Peter Munk

"or five hours on the mountain with my guide or my wife or my friends or my family. I love the mountains. I love the challenge of skiing—I’m a bad athlete but I love it. It’s the best thing you can do with five of your kids and your wife and your friends and have fun all day. Klosters is the ideal lifestyle for me, just like in the summer | think my Georgian Bay island keeps my sanity and keeps m"

Source:The Golden Phoenix : A Biography of Peter Munk

Appears In Volumes

The Golden Phoenix : A Biography of Peter Munk