Muji – A hhhypergrowth discussion

Hosted by
Bill Brewster

Bill Brewster is a private investor. He cohosts the podcast Value: After Hours with Tobias Carlisle and Jake Taylor. Tobias, Jake and Bill met at a Berkshire Hathaway meeting and formed a lasting friendship. And, as it turns out, people really like the podcast.

While Bill tries to replicate Warren Buffett and Charlie Munger’s thought processes, he is heavily influenced by Bill Miller III, Stan Druckenmiller, and others. This podcast is his attempt to dig deeper into other investing/business philosophies and share the knowledge with the world.

Muji stops by The Business Brew to discuss modern internet infrastructure. Muji has extensive technical knowledge about internet infrastructure, network security, and high growth companies such as Snowflake. He shares his knowledge via a paid newsletter, found at hhhypergrowth.com, which Bill subscribes to and enjoys very much. Our discussion mostly focuses on how information travels over the internet to end up being consumed by everyone. This is a very interesting discussion and we hope you enjoy.

Detailed show notes below the Stream by Mosiac sponsor copy and thank yous.

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Album art photo taken by Mike Ando. Please see https://www.mikeando.com/.

Thank you to @mathewpassy for the show production.

Detailed Show Notes

  • 1:30 – What is an edge network and a CDN
  • 7:45 – How Fastly and Cloudflare attacked Akami
  • 13:40 – Cloud Infrastructure vs. CDNs
  • 16:30 – Fastly strategy
  • 19:20 – The rise of software defined networking
  • 23:15 – Fully programmable app stacks vs. monolithic app stacks
  • 28:30 – Why Muji was hesitant to invest in software and what changed
  • 32:00 – Why some applications are potentially more sticky than they used to be
  • 38:30 – How Muji finds hhhypergrowth companies to invest in
  • 43:00 – When Muji sells
  • 48:00 – Muji’s process and what he looks for
  • 54:45 – What is zero trust and why is it important?
  • 60:00 – Back to CDNs and their roles in app reliability and performance
  • 1:07:00 – CDNs are now “mesh” and what that means
  • 1:12:00 – What is the role of centralized data going forward?
  • 1:18:00 – The Internet of Things and how 5G fits in
  • 1:25:00 – How does Muji think about valuation?
  • 1:29:00 – How Muji thinks about company culture and the risks of growth

Disclaimer: Bill manages a portfolio under the name of Sullimar Capital Group. This podcast is for informational and educational purposes only. Nothing in this podcast or on SullimarCapital.Group is investment advice. All information in this is opinion based, potentially biased, and requires verification.

Bill and his guests make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in these podcasts. Any assumptions, opinions and estimates expressed constitute the participant’s judgment as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions as to market conditions and there can be no guarantee that any projected outcomes will be achieved. This podcast does not accept any liability for any direct, consequential or other loss arising from reliance on the contents of this presentation.

This podcast series DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICIATION OF AN OFFER TO BUY ANY SECURITIES MENTIONED OR DISCUSSED. Seek the your financial, tax, legal, accounting, or other advisor’s advice before making any investment decisions. We are not your fiduciary or advisor.

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Episode 61