MI360: The Outsiders w/ Shawn O'Malley
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 15 July 2024
⏱️ 44 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.2 | For starters, I think the book is very relevant to any stock investor, obviously looking to identify |
| 0:07.3 | the traits of companies with high likelihood of outperforming the market. |
| 0:11.6 | I know some people want to hedge management risk by finding businesses so good that anyone can |
| 0:17.0 | run them. |
| 0:17.6 | But there's also, in my opinion, something to be said about looking for |
| 0:21.4 | companies with shareholder focused management. I think that's just going to make everything a lot |
| 0:26.0 | easier in the long run when you have management that's working in your favor and not against |
| 0:30.9 | you. And after reading it, or hopefully even after just listening to this episode, you should have |
| 0:35.6 | some idea of the type of CEO you |
| 0:37.9 | should be attracted to as an investor and which ones instead raised red flags for you. |
| 0:45.5 | Hey guys, in this week's episode, I had the pleasure of sitting down and talking with |
| 0:49.1 | Sean O'Malley, chief editor of our newsletter, We Study Markets, to discuss what his main |
| 0:53.7 | takeaways were from doing |
| 0:55.0 | a deep dive into the outsiders by William Thorndyke. The book is about eight unconventional |
| 0:59.9 | CEOs and their radically rational blueprint for success. You'll learn how CEOs operate like stock |
| 1:05.8 | investors, why capital allocation is unintuitive for most company leaders. What factors lead to poor capital |
| 1:12.1 | allocation? How to identify leaders that will be extraordinary capital allocators? How you can apply |
| 1:17.6 | the lessons in the outsiders to your own investing and a whole lot more. William Thorndyke is |
| 1:22.6 | founder and a managing director of Hussetonic Partners, which is a private equity firm. He's a graduate of |
| 1:27.9 | Harvard College and the Stanford Graduate School of Business. What stood out the most to me in our |
| 1:32.7 | conversation is the importance of not following the herd and doing a zig when everyone else is |
... |
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