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

[REPLAY] 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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Graham Duncan - Talent Whisperer - [Invest Like the Best, EP.409]

Graham Duncan - Talent Whisperer - [Invest Like the Best, EP.409]

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Blake Hall - Combat, Service, and Innovation  - [Invest Like the Best, EP.408]

Blake Hall - Combat, Service, and Innovation - [Invest Like the Best, EP.408]

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Dylan Field - Designing The Future - [Invest Like the Best, EP.407]

Dylan Field - Designing The Future - [Invest Like the Best, EP.407]

My guest today is Dylan Field. Dylan is the co-founder and CEO of Figma and last joined me on Invest Like the Best in 2020. A lot has changed since then and we explore the evolving landscape of design...

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Tal Zaks - Bridging Science, Medicine, and Returns - [Invest Like the Best, EP.406]

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My guest today is Tal Zaks. Tal is a physician-scientist turned biotech executive and investor who served as Moderna's Chief Medical Officer during their COVID-19 vaccine development, giving him an ex...

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Gaurav Misra & Dwight Churchill - Building Captions - [Invest Like the Best, EP.405]

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My guests today are Dwight Churchill and Gaurav Misra, co-founders of Captions, which uses AI to generate and edit talking videos and has grown to significant scale at remarkable speed. We explore a k...

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Jack Kokko - Building AlphaSense - [Invest Like the Best, EP.404]

Jack Kokko - Building AlphaSense - [Invest Like the Best, EP.404]

My guest today is Jack Kokko. Jack is the CEO and Founder of AlphaSense, an AI-powered search engine for market intelligence. He shares how AlphaSense began by aggregating fragmented financial data so...

31 Joulu 202450min

Jared Kushner - The Mechanic - [Invest Like the Best, EP.403]

Jared Kushner - The Mechanic - [Invest Like the Best, EP.403]

My guest today is Jared Kushner. Jared has lived more lives than just about anyone I know his age. He ran Kushner companies for years, investing in real estate in and around New York City. He owned th...

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Scott Wu - Building Cognition - [Invest Like the Best, EP.402]

Scott Wu - Building Cognition - [Invest Like the Best, EP.402]

My guest today is Scott Wu. Scott is the co-founder and CEO of Cognition, which is an applied AI lab that has created the first AI software engineer, which they call Devin. In just a year since foundi...

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