[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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Tobi Lütke - Building Islands of Innovation - [Invest Like the Best, EP.394]

Tobi Lütke - Building Islands of Innovation - [Invest Like the Best, EP.394]

My guest today is Tobi Lutke, the co-founder and CEO of Shopify. I have spoken to Tobi on this podcast twice before, first in 2020 and then again in 2022. Needless to say, a lot has changed since we l...

22 Loka 20241h 8min

Matt Perelman & Alex Sloane - The Art of Franchise Investing - [Invest Like the Best, EP.393]

Matt Perelman & Alex Sloane - The Art of Franchise Investing - [Invest Like the Best, EP.393]

My guests today are Matt Perelman and Alex Sloane, Co-founders and Managing Partners of Garnett Station Partners. GSP invests in the trillion-dollar franchise and consumer services industries. Matt an...

15 Loka 20241h 42min

Kareem Zaki - Small Ideas Attract Competition - [Invest Like the Best, EP.392]

Kareem Zaki - Small Ideas Attract Competition - [Invest Like the Best, EP.392]

My guest today is Kareem Zaki. Kareem is a General Partner at Thrive Capital and has been at the firm for a decade. In an episode last year, Thrive's founder, Josh Kushner, told me he is the best heal...

8 Loka 20241h 28min

Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391]

Ray Ozzie - The Future of Intelligent Machines - [Invest Like the Best, EP.391]

My guest today is Ray Ozzie, one of the great technologists, software developers, and entrepreneurs of our time. Ray is perhaps best known as the creator of Lotus Notes, a collaboration tool that revo...

1 Loka 20241h 35min

Ted Seides - Investment Industry Paradigms - [Invest Like the Best, EP.390]

Ted Seides - Investment Industry Paradigms - [Invest Like the Best, EP.390]

My guest today is Ted Seides. Ted is the host of the Capital Allocators podcast and an investment industry expert. It’d been seven years since Ted and I last talked on the record, as he was one of my ...

26 Syys 20241h 1min

Lulu Meservey - Transforming Company Narrative - [Invest Like the Best, EP.389]

Lulu Meservey - Transforming Company Narrative - [Invest Like the Best, EP.389]

My guest today is Lulu Meservey. Lulu is the Founder and CEO of Rostra, a company that partners with founders to level up their communications around all strategic initiatives, from hiring to fundrais...

24 Syys 20241h 8min

Ric Elias - The Art of Living Well - [Invest Like the Best, EP.388]

Ric Elias - The Art of Living Well - [Invest Like the Best, EP.388]

My guest today is Ric Elias. Ric is the CEO and co-founder of Red Ventures, which has a portfolio of fast-growing digital businesses like Lonely Planet, The Points Guy, Bankrate, and large investments...

17 Syys 20241h 26min

Alex Smith, Shane Battier, & Ravi Gupta - What Makes A Glue Guy? - [Invest Like the Best, EP.387]

Alex Smith, Shane Battier, & Ravi Gupta - What Makes A Glue Guy? - [Invest Like the Best, EP.387]

This week's episode is special because it marks the launch of a new Colossus show: Glue Guys. My guests this week are the hosts of the new show, Shane Battier, Alex Smith, and Ravi Gupta. Shane, Ravi,...

10 Syys 20241h 24min

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