[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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Adam Ludwin - A Sober View on Crypto - [Invest Like the Best, EP.66]

Adam Ludwin - A Sober View on Crypto - [Invest Like the Best, EP.66]

My guest this week is Adam Ludwin, the founder and CEO of Chain, a blockchain technology company targeted at large enterprises. Before shifting his career to focus solely on crypto, Adam was a venture...

5 Joulu 20171h 9min

Joanne Wilson - Angel Investing and Trend Spotting - [Invest Like the Best, EP.65]

Joanne Wilson - Angel Investing and Trend Spotting - [Invest Like the Best, EP.65]

My guest today is Joanne Wilson, a New York City based angel investor, writer, podcaster, trend spotter, and self-described “woman around town.” Joanne has had a multifaceted and winding career, and b...

28 Marras 201759min

Connor Leonard - Capital Light Compounders & Reinvestment Moats - [Invest Like the Best, EP.64]

Connor Leonard - Capital Light Compounders & Reinvestment Moats - [Invest Like the Best, EP.64]

This week’s conversation is an ode to old school, fundamental public market investing. My conversation is with IMC’s Connor Leonard, who spends most waking hours thinking and reading about markets. Hi...

21 Marras 20171h 8min

Dhani Jones - Adventures in Sports, Business, and Investing - [Invest Like the Best, EP.63]

Dhani Jones - Adventures in Sports, Business, and Investing - [Invest Like the Best, EP.63]

My guest this week is unique. As you will hear early and often, he is programmed to go his own way, to, as he says, go one way when everyone else is going another. His name is Dhani Jones, a name I kn...

14 Marras 20171h

Chris Burniske - How to Value a Cryptoasset - [Invest Like the Best, EP.62]

Chris Burniske - How to Value a Cryptoasset - [Invest Like the Best, EP.62]

This episode is a continuation of the Hash Power series. It is the first of what we will call a Hash Power single—a series of conversations each with a single guest on a specific topic. In this case m...

7 Marras 20171h 2min

Brad Katsuyama - What Happens When You Hit “Buy” - [Invest Like the Best, EP.61]

Brad Katsuyama - What Happens When You Hit “Buy” - [Invest Like the Best, EP.61]

My guest this week is Brad Katsuyama, the founder of the IEX exchange and protagonist of Michael Lewis’s famous book Flash Boys, which chronicled the role of high frequency trading in markets. This c...

31 Loka 20171h 7min

Brett Maloley - Ladder: The Fitness Marketplace - [Invest Like the Best, EP.60]

Brett Maloley - Ladder: The Fitness Marketplace - [Invest Like the Best, EP.60]

This week’s episode is part of an experiment and so requires a longer than normal introduction. I’ve come to view this podcast as a learning tool, a means to understand a new topic in a short window o...

24 Loka 20171h 11min

Tim Urban - Grand Theft Life - [Invest Like the Best, EP.59]

Tim Urban - Grand Theft Life - [Invest Like the Best, EP.59]

This week’s conversation is about artificial intelligence and interplanetary travel. Its about content creation, thinking from first principles, and death progress units. Its about brain machine inter...

17 Loka 20171h 22min

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