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Motley Fool Money

Investing Lessons from “Succession”

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 29 April 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

You can’t buy shares of Waystar RoyCo, but investors can still find helpful takeaways from the award-winning HBO series and the fictional company’s leadership.

Ricky Mulvey talks with Motley Fool senior analyst Jim Gillies about:
- Whether CEO succession plans are worth investor attention
- “Succession” storylines that rhyme with real ones
- Questions about Berkshire Hathaway’s next stage
- One bold prediction about the end of “Succession”

SPOILER ALERT: This episode discusses plot points for “Succession” through season 4 , episode 5.

Companies discussed: WAYA, GOJO, BRK.A, BRK.B, DIS, AAPL, LMVUY, GE

Host: Ricky Mulvey
Guest: Jim Gillies

Production Assist: Mark Underwood
Engineer: Dan Boyd

Transcript

Click on a timestamp to play from that location

0:00.0

I am wary when a CEO makes himself part of the show and Steve Jobs was very much

0:07.4

rightly or wrongly very much part of the show Tim Cook likes to stay in the

0:11.3

background and another example I'm gonna give you here is what I call the

0:15.9

dueling Bob's Disney Bob Eiger Bob Chapeck Bob Eiger absolutely makes himself

0:21.5

part of the show

0:30.0

I'm Chris Hill and that's Motley Fool Senior Analyst Jim Gillies we're putting

0:34.6

an investor's lens on the TV show Succession your award-winning HBO series

0:40.0

about Wastar Royco a fictional media conglomerate and the drama that surrounds

0:45.6

the family running the business Ricky Mulvey caught up with Gillies to talk

0:49.9

about the real-life companies that parallel Wastar Royco and the challenges of

0:54.9

investing in larger-than-life CEOs and before you start listening let me warn

1:00.2

you right now this episode does include spoilers for Succession so if you

1:06.1

watch the show and you haven't caught up through episode five of season four

1:10.8

consider yourself warned with my spoiler alert out of the way let's get started

1:19.8

so while I'm giving people time to to tune out if they haven't seen season

1:24.5

four episode five I'm gonna I want to vamp a little bit outside of the show I

1:28.3

think sees a CEO Succession for a lot of a lot of businesses is often followed but

1:34.2

I don't know if it's actually important to track it's really difficult to judge

1:38.2

and also asking people who are CEOs what's gonna happen after you pass on is a

1:43.1

bit like asking someone the details of their will yeah the the the ability to

1:48.4

really step in it rather quickly is it's very much there and I don't

1:54.9

having asked a few people what's in their wills I think Succession I think it's

...

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