[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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Hash Power – Ep. 3 - Funding, Forking, and a Creative Future

Hash Power – Ep. 3 - Funding, Forking, and a Creative Future

In episodes one and two of Hash Power, we explored blockchain technology and cryptocurrency investing. In this episode, we discuss the current and potential future states of the crypto world. We cover...

10 Okt 20171h 1min

Hash Power – Ep. 2 - Investing in Cryptocurrencies 

Hash Power – Ep. 2 - Investing in Cryptocurrencies 

In episode 1 of Hash Power, we explored blockchains as a technology—how they work, why tokens (also known as cryptocurrencies) are an integral part of any blockchain, and how these new networks might ...

3 Okt 20171h 18min

Hash Power – Ep. 1 - Understanding Blockchains

Hash Power – Ep. 1 - Understanding Blockchains

Welcome to the first episode of Hash Power, an audio documentary that explores the world of blockchain and cryptocurrencies with leaders in the field like Naval Ravikant, Olaf Carlson-Wee, Fred Ehrsam...

26 Sep 20171h 12min

David Tisch - Tech Investing Outside of Silicon Valley - [Invest Like the Best, EP.55]

David Tisch - Tech Investing Outside of Silicon Valley - [Invest Like the Best, EP.55]

My guest this week is David Tisch, who was instrumental in building and fostering venture capital investing in New York City. If you liked my conversation with Jerry Neumann--who, incidentally, introd...

19 Sep 20171h 11min

David Gardner - Finding Companies That Break the Rules - [Invest Like the Best, EP.54]

David Gardner - Finding Companies That Break the Rules - [Invest Like the Best, EP.54]

The investment strategy discussed in this week's episode is diametrically opposed to my own value tendencies, but it still one that has done exceptionally well.   My guest is David Gardner, co-founder...

12 Sep 20171h 19min

Meb Faber - Factors, Dividends, and Angel Investing - [Invest Like the Best, EP.53]

Meb Faber - Factors, Dividends, and Angel Investing - [Invest Like the Best, EP.53]

My guest this week is Meb Faber, who started a podcast similar to this one right before mine and was a big reason I was open to the idea in the first place. Meb is a quantitative researcher whose firm...

7 Sep 201754min

Team Ritholtz - The Wu Tang Clan of Finance - [Invest Like the Best, EP.52]

Team Ritholtz - The Wu Tang Clan of Finance - [Invest Like the Best, EP.52]

My guests this week don't need to be introduced. In celebration of the one year anniversary of invest like the best, I asked Josh Brown, Mike Batnick, and Barry Ritholtz to join me for a hour, during ...

29 Aug 20171h 11min

Pat Dorsey - Buying Companies With Economic Moats - [Invest Like the Best, EP.51]

Pat Dorsey - Buying Companies With Economic Moats - [Invest Like the Best, EP.51]

My guest this week is Pat Dorsey, who was the longtime director of equity research at Morningstar, where he specialized in economic moats: sources of sustained competitive advantage that allow a few c...

22 Aug 201752min

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