[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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Bret Taylor - The Agent Era - [Invest Like the Best, EP.386]

Bret Taylor - The Agent Era - [Invest Like the Best, EP.386]

My guest today is Bret Taylor. His resume is absurd. He built google maps--famously rewriting the whole thing in a weekend. He was the CTO of Facebook in critical years. He founded Quip. He was the ch...

3 Syys 20241h 29min

Gavin Baker - AI, Semiconductors, and the Robotic Frontier - [Invest Like the Best, EP.385]

Gavin Baker - AI, Semiconductors, and the Robotic Frontier - [Invest Like the Best, EP.385]

My guest this week is Gavin Baker. Gavin is the managing partner and CIO of Atreides Management, and he has been on the show many times before. He is one of my favorite investors to talk to and this m...

27 Elo 20241h 32min

A Conversation with Charlie Munger & John Collison - [Invest Like the Best, REPLAY]

A Conversation with Charlie Munger & John Collison - [Invest Like the Best, REPLAY]

Today, we’re replaying a conversation between John Collison and Charlie Munger that we first aired on 5 December 2023. Charlie said, “The best thing a human being can do is to help another human being...

20 Elo 20241h 41min

Vlad Tenev - Navigating Robinhood's Evolution - [Invest Like the Best, EP.384]

Vlad Tenev - Navigating Robinhood's Evolution - [Invest Like the Best, EP.384]

My guest today is Vlad Tenev. Vlad is the CEO and co-founder of Robinhood. It was such a treat to sit down with him and discuss the behind-the-scenes of a revolutionary business we all know well. He d...

13 Elo 20241h 19min

Sarah Guo - The Power of Conviction - [Invest Like the Best, EP.383]

Sarah Guo - The Power of Conviction - [Invest Like the Best, EP.383]

My guest today is Sarah Guo. Sarah is the founder and CEO of Conviction, an early-stage venture capital firm built to serve AI companies. She started Conviction in 2022 after 9 years at Greylock becau...

6 Elo 20241h 14min

Hemant Taneja - Engineering Global Resilience - [Invest Like the Best, EP.382]

Hemant Taneja - Engineering Global Resilience - [Invest Like the Best, EP.382]

My guest today is Hemant Taneja. Hemant is the CEO and Managing Director of General Catalyst, the global venture capital firm you’ll hear us refer to as GC. GC has set out to build resiliency across c...

31 Heinä 20241h 4min

Jeremy Giffon - Special Situations in Private Markets - [Invest Like the Best, Replay]

Jeremy Giffon - Special Situations in Private Markets - [Invest Like the Best, Replay]

Today we are replaying one of our most popular episodes from last year with Jeremy Giffon. I spend all my time trying to find people who have some “singularity” to them. People who seem like they can ...

23 Heinä 20241h 44min

David Senra - Passion & Pain - [Invest Like the Best, Replay]

David Senra - Passion & Pain - [Invest Like the Best, Replay]

Today, we are replaying what we call a forever episode, which are the few episodes of our show that we think will be as popular a decade from now as they are today. Every time I re-listen to this epis...

16 Heinä 20241h 24min

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