Classic 08: Jim Collins' book - How The Mighty Fall
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 22 February 2022
⏱️ 65 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:30.0 | I hope you enjoy this episode of Smutsters We Enjoyed Reading, Tim Collins, wonderful book. |
| 0:39.6 | You are listening to THE Investors Podcast where we study the financial markets and read the |
| 0:44.9 | books that influence self-made billionaires the most. We keep you informed and prepared for the |
| 0:50.1 | unexpected. |
| 1:00.1 | All right, how's everybody doing out there? You got Preston Pish and Stig Broderson with you. |
| 1:05.3 | And today's podcast, we're covering Jim Collins' book, How the Mighty Fall. |
| 1:11.6 | And I really, really enjoyed this book. When we covered Good to Great on the show, |
| 1:17.1 | Stig and I were very big fans of the book and I really gained a lot out of that. |
| 1:22.3 | And so I had high expectations, but I was also kind of expecting the hearse maybe some of the |
| 1:27.2 | same stuff. And I was pleasantly surprised. I really liked the way that he laid this out. |
| 1:33.2 | And I think the thing that I liked the most about this book was how simple it was. |
| 1:37.8 | It was just, it was simple to follow. It made complete sense. He got straight to the point. |
| 1:43.5 | I'm kind of curious if you had a similar opinion, Stig. I don't know what you think about this one, |
| 1:48.7 | but I really liked this book. I thought it was a very good one. Yeah, Preston, I think I probably |
| 1:53.6 | liked this book more than his most popular book, which is from Good to Great. I guess the reason why |
| 1:58.6 | that book is so popular is that people want to know what a great company is and perhaps also how |
| 2:02.9 | they can work for one or invest in one. I kind of feel that you learn more about companies if you |
| 2:09.3 | understand why they fail more than anything. And I think especially as in the investor, |
| 2:15.8 | it's important to read a book like this because you really understand how to sustain a competitive |
| 2:22.1 | advantage. Whenever you're doing your stock analysis, it's always something about, yeah, it has |
| 2:27.6 | economies of scale, which basically just a fan to wear it, saying it's big. So we can do like a lot |
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