2min chapter

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Cedric Chin: What Operators can Teach Investors, the Study of Expertise, Knowledge Shields, and More (Podcast #10)

Liberty's Highlights

CHAPTER

The Capital Allocation Playbook

When you're running a business, you don't often have somebody sit you down and go like, Oh, actually, there's this other role that you have to do. So it's always a lot more complex than just like buy back your shares or like do some M&A. People are going to impute all kinds of qualities to management. Other businesses that did the same thing failed. The book is so much more powerful when combined with the halo effect by Phil Rosenberg, Rosen, I think Rosen Zweig or Rosenbud.

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