Welcome to the tenth episode of The Better Podcast! We’re your co-hosts CHIN Hui Leong and CHONG Ser Jing. In The Better Podcast, we want you to get better at this game called life, together with us. This podcast is designed to share what we’ve learnt about life, business, investing, and so much more.
If you prefer videos of our conversations, we have a Youtube channel too, which you can find here!
For our tenth episode, we discussed a whole bunch of things, including:
The current chaotic situation of USA’s freight railroad industry that is a result of the use of precision-scheduled railroading
How the freight railroad industry’s obsession with precision-scheduled railroading could be making the industry more fragile
The concept of antifragility and how organisms/systems can be classified into the fragile, the robust, and the antifragile
Precision-scheduled railroading could be a microcosm for how the overall business landscape is optimising for efficiency and thus becoming more fragile
A successful Polish grocer - Dino Polska - and how it may or may not fit the common patterns seen in highly successful US-native bricks-and-mortar retail companies such as Tractor Supply and Costco:
Successful membership programs
Omnichannel retail programs, such as BOPIS (buy online, pick up in store), BOSS (buy online, ship to store), ROPIS (reserve online, pay in store), BORIS (buy online, return in store), and curb-side pickup
Exclusive products and in-house brands
Fresh produce and livestock
Activities that can’t be done online
Nothing on this show should be taken as investment advice. It is purely for informational and entertainment purposes only. All opinions expressed in this show by us and our guests are solely our own opinions. We and our guests may hold positions in the financial assets discussed in the show. These holdings are subject to change at any time.
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TBP Episode 10