Will Thorndike - How Skilled Capital Allocators Compound Capital - [Invest Like the Best, EP.36]

Will Thorndike - How Skilled Capital Allocators Compound Capital - [Invest Like the Best, EP.36]

This week’s guest is Will Thorndike, an author and investor whose book The Outsiders is an all-time favorite of mine. Our conversation is in two parts. First, we dive deep into the lessons of his 8-year research project studying CEOs who were master capital allocators. These CEOs include Henry Singleton, John Malone, Tom Murphy, Katherine Graham, and Warren Buffett. We discuss how these CEOs tended to be contrarians on topics like dividends, buybacks, acquisitions, and the use of debt. As we go through each of the tools in the capital allocators toolkit, you’ll hear several useful lessons for running or evaluating a business. In the second part, we cover Will’s career in private equity. Will founded and continues to run Housatonic Partners, investing in buyouts, recaps, and search funds. Will has been one of the most active search fund investors for decades, and given how much time I’ve spent in past episodes on the searchers or operators in the micro-cap, permanent equity space, it was great to get the perspective of an experienced LP. As always, we also take time to survey the dangers and opportunities in today’s private equity market. For comprehensive show notes on this episode go to http://investorfieldguide.com/thorndike For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag

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Gili Raanan - Cybersecurity Investment Playbook - [Invest Like the Best, EP416]

Gili Raanan - Cybersecurity Investment Playbook - [Invest Like the Best, EP416]

My guest today is Gili Raanan. Gili is the founder of Cyberstarts, a VC firm focused on cybersecurity and the world’s first VC that is majorly backed by cyber entrepreneurs. Cyberstarts’ $50 million d...

25 Maalis 202556min

Alex Wiltschko - Giving Computers A Sense Of Smell - [Invest Like the Best, EP.415]

Alex Wiltschko - Giving Computers A Sense Of Smell - [Invest Like the Best, EP.415]

My guest today is Alex Wiltschko. Alex is the founder and CEO of Osmo, a science and technology company giving computers a sense of smell. He set out on a mission to digitize our sense of smell and he...

18 Maalis 20251h 4min

Kelly Granat - Investing At Lone Pine - [Invest Like the Best, EP.414]

Kelly Granat - Investing At Lone Pine - [Invest Like the Best, EP.414]

My guest today is Kelly Granat. Kelly is the Co-Chief Investment Officer and Managing Director at Lone Pine Capital, one of the most storied and successful hedge fund and investment firms of the last ...

11 Maalis 20251h 28min

Devon Zuegel: How To Create A New Town - [Invest Like the Best, EP.413]

Devon Zuegel: How To Create A New Town - [Invest Like the Best, EP.413]

Devon Zuegel: How To Create A New Town - [Invest Like the Best, EP.413] My guest today is Devon Zuegel. Devon is the founder and president of the Esmerelda Institute, and she is creating a new town ca...

4 Maalis 20251h 17min

Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

Doug Leone - Lessons from a Titan - [Invest Like the Best, CLASSICS]

Welcome to this classic episode. Classics are my favorite episodes from the past 10 years published once a month. These are N of one conversations with N of one people. There's nobody I've met quite l...

28 Helmi 20251h 9min

Chris Pedregal - Building Granola - [Invest Like the Best, EP.412]

Chris Pedregal - Building Granola - [Invest Like the Best, EP.412]

My guest today is Chris Pedregal. Chris is the founder and CEO of Granola, an AI-powered notepad that transcribes your meetings and enhances your meeting notes. Chris shares fascinating insights on ho...

25 Helmi 20251h 1min

Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

Ravi Gupta - AI or Die - [Invest Like the Best, EP.411]

My guest today is Ravi Gupta. Ravi is a Partner at Sequoia Capital and a host on Glue Guys, a podcast on the Colossus network that intersects business and sports. I wanted to have him back on Invest L...

18 Helmi 202559min

Marc Andreessen - The Battle For Tech Supremacy - [Invest Like the Best, EP.410]

Marc Andreessen - The Battle For Tech Supremacy - [Invest Like the Best, EP.410]

My guest today is Marc Andreessen. Marc is a co-founder of Andreessen Horowitz and one of Silicon Valley's most influential figures. He combines deep technical knowledge from his engineering backgroun...

11 Helmi 20251h 24min

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