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Ep 398. The Financial History of General Motors with Capital Allocation Author, Jacob McDonough

Focused Compounding

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Chevrolet's Strategy for Taking Over Ford

Chevrolet was kind of the key piece of how they're able to take over Ford eventually in It's interesting DuPont the DuPont company acquired close to 30% of of stock of GM Which I really didn't know that story until study in this but They mentioned how they were able to buy GM in the market at below An asset basis. But yet they were issuing stock to make up these acquisitions above book value, you know paying good willing stuff. So that's kind of how Billy Durant was able to get control of the company again using cheap stock to make Acquisitions usually doesn't work out great for existing shareholders, but it helped new shareholders like Billy Durant coming back in kind of

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