The Reckoning is a comprehensive study of the automotive industry, comparing the decline of the American auto industry, particularly Ford, with the rise of the Japanese auto industry, exemplified by Nissan. Written by David Halberstam, the book is part of his trilogy on the forces of power in America and offers a detailed, well-researched account of the industrial and cultural factors that led to the shift in global automotive dominance. The book is praised for its insightful and engaging narrative, which includes profiles of key figures and ordinary workers, providing a rich historical context of the industry's transformation in the late 1970s and early 1980s.
Draft No. 4: On the Writing Process is a compilation of essays by John McPhee, offering insights into his approach to writing creative nonfiction. The book covers various aspects of the writing process, including research, interviewing, structuring, and revising. McPhee shares personal anecdotes and lessons learned from his career, highlighting the importance of structure, diction, and tone in nonfiction writing. The essays, originally published in The New Yorker, provide a vivid depiction of the writing process, from initial research to final revisions, and are enriched by McPhee's humor and personal reflections on his life as a writer[1][4][5].
Will Barnes is the co-founder of the primary research firm In Practise and joins us to discuss their new book “In Practise”. The book has eleven chapters, each featuring an in-depth interview with an experienced operator helping us to better understand successful companies like Spotify, Danaher, and Constellation Software. In Practise is the first volume in a series of books that will be published over the coming years.
For more info about the podcast, go to the episode page and make sure to follow us on X/Twitter. We love to hear your thoughts on what you like and what we can improve, so please give us your rating and a review. You’re also very welcome to tell us about great authors, books, and investors you want to hear on the show. Thank you! /Eddie & Niklas with team
This episode was recorded on December 9, 2024.
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Episode Chapters
(00:00) Introduction by Eddie & Niklas
(01:25) Welcoming Will and hearing about his background
(04:07) Connection between sports and investing
(06:03) Background and introduction to In Practise
(13:58) Who are In Practise speaking to?
(17:10) Controversial situations
(18:33) Why create a book?
(19:54) Spotify
(25:11) Constellation Software
(35:39) Danaher
(41:46) Employee longevity
(43:11) Vision for In Practise
(44:35) How Will has improved from running In Practise
(48:44) The process for conducting primary research
(51:09) The process for making investment decisions
(53:46) Thoughts on portfolio management
(58:53) Book discussions
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Books Mentioned
- In Practise
- The Reckoning - David Halberstam
- Draft No. 4: On the Writing Process - John McPhee
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Conference Mentioned
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Companies Mentioned
- Spotify
- Constellation Software
- TransDigm
- Danaher
- Costco
- Amazon
- LVMH
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More on In Practise
In Practise website
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About the Podcast
Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books
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What is Investing by the Books?
Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.
Visit the website: http://www.investingbythebooks.com/
Follow on Twitter/X: https://twitter.com/Investbythebook
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What is Redeye?
Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.
Visit the website: https://www.redeye.se/
Follow on Twitter/X: https://twitter.com/Redeye_
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Disclaimer
Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se
Investing by the Books 
