TIP797: Born To Be Wired w/ Kyle Grieve
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 8 March 2026
⏱️ 69 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to TIP. |
| 0:02.8 | John Malone is one of the greatest value-creating CEOs of all time. |
| 0:07.3 | At TCI, he compounded the share price by more than 30% per annum over 27 years. |
| 0:13.5 | Very few CEOs can do this merely for a few years, let alone a few decades. |
| 0:18.7 | But Malone was a wizard at generating shareholder value, while doing it in ways that I personally |
| 0:23.1 | found a little tough to follow. |
| 0:25.0 | He understood value at a deep level, and he used his knowledge to find incredible deals |
| 0:29.5 | for his shareholders. |
| 0:31.3 | But part of his understanding of value and leverage led to some very interesting deal structures |
| 0:35.5 | that even confused veteran Wall Street analysts. |
| 0:38.3 | So today, I'm going to try to remove as much complexity from Malone's strategy as possible. |
| 0:43.3 | I'll go over his what-if-not strategy and how he used it to analyze the downside of a potential deal. |
| 0:48.3 | We'll cover how John used debt through his career very intelligently and how he dealt with several potential liquidity issues, |
| 0:54.8 | allowing his shareholders and himself to fight another day. We'll look at how John viewed taxes |
| 0:59.6 | and why he believed it was his job to keep as much money into shareholders' pockets as possible. |
| 1:05.6 | One of my favorite topics I'll cover was John's thoughts on the disruptive forces in his industry, |
| 1:10.5 | Netflix. We'll look at Netflix |
| 1:12.6 | through the lens of what John thought could have been, and the forces that kept the cable |
| 1:16.6 | industry at bay for making moves that would have provided tremendous value rather than |
| 1:20.6 | creating this unstoppable hydra that Netflix eventually became. While John's career began many |
| 1:25.5 | decades ago, his story and lessons remain completely timeless |
| 1:28.8 | today. In a time of so much uncertainty and disruption, we can all learn how Malone |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.