Authors in August: Jay Jakub Helps Us Complete Capitalism

Rule Breaker Investing

The Motley Fool

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4.5 • 928 Ratings

🗓️ 5 August 2020

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why do companies that don’t just manage their bottom-line profits so often outperform those that do? Because they are “seeing the whole picture.” Jay Jakub shares with us the Economics of Mutuality, helping investors and business professionals discover a new holistic approach to capitalism that is poised to win the future.

Transcript

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0:00.0	About 20 years ago at a charity benefit supper, the host introduced my wife to the guest seated next to her.
0:08.0	He owns and helps run a sweet company, said the host, and my wife heard his name as Mr Marsh. As casual
0:15.7	conversations struck up, my wife then turned to Mr Marsh and asked what kind of
0:21.2	sweet company and he said said we make dog food.
0:25.0	It was only later as we drove home that we realized the initial introduction
0:30.0	have been garbled and unclear. In fact the man's name was not Mr Marsh, but Mr Mars. And it had been
0:36.8	Forrest Mars, one of the leaders of Mars Corporation with characteristic modesty, deft definitely displaying some humorous tact and while dog food might sound like a joke
0:48.0	It wasn't even a white lie. It was the truth as you'll find out this week. Mars Corporation has a huge pet care business.
0:56.0	But it also has its own think tank which you might not necessarily expect from a company made
1:00.8	famous by Snickers and M&Ms. And my guess this week has worked for that think tank since 2007.
1:06.4	So we're not here to talk dog food. Well, not really. We're completing capitalism.
1:11.7	That's the book authored by Bruno Rosh and my guest this week
1:14.7	Jay Jacob. We're here to talk about what Jay calls the economics of mutuality.
1:19.5	That's a way of doing business that does well by doing good in part by measuring three forms of capital that are often not
1:27.8	measured at all or nearly as much anyway is that fourth form that dominates our thinking that would be financial capital.
1:36.1	Jay is here to show you as an investor and or a business professional that you're going to be
1:41.6	scoring suboptimal results if you're only
1:44.5	measuring profits. All that and more on this week's rule breaker investing.
1:50.8	It's the rule breaker. Rule Breaker Investing. Investing Podcast with Motley Full Co-founder David Gardner.
2:02.1	Welcome back to Rule Breaker Investing. It is August and I'm rubbing my hands together a little bit because
2:09.9	it's authors in August. Yep, for the last few years whenever we turn the calendar page
2:14.5	to August, we get to start talking to authors.
	...

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