Entity Dossier
entity

Munks

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

"Gutterson was one of the first Americans to attend the London School of Economics. He and his father and brother made fortunes in the late 1920s stock market boom. He remembers flying over to London, and throwing parties in the Waldorf Astoria in New York. Later he lost much of his fortune in the crash of ’29 but he still walked away with a million dollars. He bought Webber Pharmaceuticals in Canada, who specialized in vitamin E. His was a different mentality from the Munks’. The Guttersons were in love with the idea that the Munks were an old family, even though we had no money. At the wedding the rabbi made a speech about the"

Source:The Golden Phoenix : A Biography of Peter Munk

"mother's a very special person, and I thought, Gee, the commander! My mother sits with the commander! My mother spoke to me then and said, “I want you to go with the Munks, and I don’t want any kind of nonsense from you. Just go.”"

Source:The Golden Phoenix : A Biography of Peter Munk

Appears In Volumes