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A Long Overdue Update

Announcing Goodwell Foods

For years, I’ve suggested that the best way to navigate uncertainty is to integrate thinking by crossing silos and connecting dots. I’ve often described this method as the “generalist approach” because it prioritizes breadth of perspective over depth of expertise. It is impossible, I believe, to fully appreciate the complexities of our time without combining geopolitical, macroeconomic, regulatory, political, technological, demographic, and social perspectives. At the core of my thinking is a simple belief: context matters.


And so when I decided to return to the business world last fall, I started practicing what I preached. As I evaluated the many start-up, acquisition, and investment ideas that were swirling around my head, I constantly returned to my analytical framework of trying to understand the context. How, for instance, might a warmer planet impact the demand for HVAC services? Sure, demand for air conditioning might rise, but what about heating? Or how could demographics affect a sawmill’s potential revenue streams? Would aging populations help or hurt the market for building materials? And regardless of industry, I always returned to asking myself about technology. How might technology disrupt the industry, sector, or business I was analyzing?


I evaluated dozens of potential opportunities before homing in on one opportunity that caught my attention. During the summer of 2024, a New Hampshire-based pizza manufacturing operation had suddenly shut its doors, sending several dozen employees to the unemployment lines. Attempting to salvage value, banks and others who lent money to the company took control and began a process to find a buyer for the business. When I learned about the situation, there were several interested bidders looking to buy and restore the company. It wasn’t until those parties failed to make a deal that I began to really dig into the opportunity of entering the pizza manufacturing business.

I began my diligence by focusing on the context. Regardless of the unique circumstances of the specific opportunity, I had to answer a simple question: Do I even want to be in the frozen pizza business?


To answer this question, I started my analysis with a focus on the big picture and the trends that were impacting the…

Goodwell: What’s in a Name?


What’s my favorite book? That’s a question I am often asked, and it’s become harder to answer these past few years. The titles and authors I’ve named for decades come readily to mind, but I’ve started to wonder if those answers are still true. It’s been years since I’ve read some of them, and while they appealed to the teenage or undergraduate version of me, I wondered if they still would now that I am an adult. I have a friend – big Hemingway fan - who recently told me that he never cared for The Old Man and the Sea when he read it in high school, but when he re-read it in middle-age, it landed a lot differently.


And so last summer, at the active encouragement of my good friend Worth Wray, I reread Atlas Shrugged. I rediscovered Objectivism and quickly became intellectually obsessed with Ayn Rand’s thinking. I reread the books of my youth, tearing through Anthem and The Virtues of Selfishness, We the Living, and Capitalism. Her insights into class warfare, tyranny, freedom, and the distinction between producers and looters now had an urgent relevance that I didn’t recall in my college reading of her work.


In much of Western culture, the capitalist is often portrayed as a villain, exploiting workers for his personal gain. For Rand, the businessman who created and built and hired was the hero of the story; production was the greatest virtue. And Rand saw business as a unique xxxxxx against tyranny. She wrote that while other professions exist in totalitarian societies – politicians, farmers, teachers, scientists, soldiers – businessmen do not. Businessmen are what distinguish capitalist from statist societies, and Rand saw them as the ultimate symbol of freedom. One of her key messages was that there was a massive difference between businessmen who produce and bureaucrats who live off the production of others.


Rediscovering Rand was one of the reasons I decided to start a business last fall, something I wrote about in my last post. I had written and thought and taught about business. I had advised and served on the boards of some of the largest companies in the world. I had even started a few small businesses, usually focused on ideas and the abstract (I had often referred to myself as an “entrepreneur of ideas”). It was time to start and run a business that created something tangible and concrete, while also creating jobs.


And hence I formed Goodwell Foods, a private label frozen pizza manufacturer located in Pittsfield, NH that now employs several dozen people. We went from standing still to sprinting…

Other Mansharamani Musings…

As many of you are aware, I’ve returned to writing my weekly newsletter and have been pleased by the rapidly growing interest in my thoughts. As I have in the past, I’m addressing a wide range of topics, ranging from geopolitics and economics to social trends to technology. The overall theme of my work is focused on “navigating uncertainty” and how a generalist approach can help us all make sense of what seems like chaos. If you have not already done so, please consider subscribing! (It’s Free!)

Over the past few months, I’ve written about America’s evolving global role, egg prices, Greenland, the downfall of DEI, gold prices, college selection anxiety, Chile and copper, the NFL draft, and a lot more!


And if you missed my annual set predictions posted earlier this year, please click on the link below to read them.

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