Peter Doran - Breaking Rockefeller

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.2 • 1.1K Ratings

🗓️ 12 September 2022

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

“At the end of the day, money is what was most important to John D. Rockefeller.”

Peter Doran joins the podcast to discuss his book, Breaking Rockefeller: The Incredible Story of the Ambitious Rivals Who Toppled an Oil Empire. Peter’s work takes a deep dive into the growth of the oil industry, how John D. Rockefeller grabbed control and built a worldwide monopoly, the underdogs who joined forces to defeat him, and how greed played a crucial role. The group also examines the issues prompted by the consolidation of capital and the importance of competition in America.

Transcript

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0:00.0	You're listening to A Book with Legs, a podcast presented by Smead Capital Management.
0:07.9	At Smead Capital Management, we advise investors who fear stock market failure.
0:12.8	You can learn more at Smeadcap.com or by calling your financial advisor.
0:18.6	Welcome to a book with legs podcast.
0:37.6	I'm Cole Smead. I'm the president and a portfolio manager here at Smead Capital Management. At our firm, we are readers and book junkies. It can be said that leaders are readers and we believe books provide us a great source of information for filtering what is and isn't important for us as investors. Investing is the last great liberal art and the best way to spend a lifetime of learning.
0:41.8	This podcast is for readers, thinkers, business-minded people, and investors who want to
0:47.1	grow their knowledge from great authors and their writing.
0:50.1	Charlie Munger often talks about using multiple mental models and analysis.
0:54.0	Our aim for this podcast is to help listeners test Munger's theory in business, markets, and people.
1:00.0	Co-hosting this episode today with me, alongside me, is our chairman and chief investment officer, my dad, Bill Smead.
1:07.0	Dad, thanks for joining me.
1:08.0	Thank you for having us and doing a great book.
1:18.3	I'll give Bill a lot of credit for finding this book and really becoming a champion of it in our firm. And we've talked a lot about it off of his reading and discussion.
1:24.0	So I know he's excited for our discussion today.
1:26.8	I'm glad you could join us for this podcast.
1:29.2	We're going to talk about some great corporate histories and the confluence of business and government.
1:34.6	Peter Dorn is joining us to talk about his book, Breaking Rockefeller,
1:38.5	the incredible story of the ambitious rivals who toppled an oil empire.
1:42.9	We believe this is a timely discussion in the context of
1:45.5	where we are at today in corporate and political America. Peter is a recognized expert on
1:50.8	international affairs and national security. His articles have appeared in foreign policy, defense
1:55.6	news, national review, the American Spectator, and the Journal of Energy Security. His analysis and
	...

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