Investing by the Books
#53 Todd Wenning on Lessons from the Titans
Jan 8, 2024
Todd Wenning, an experienced investor, discusses lessons from America's industrial giants in the book 'Lessons from the Titans'. Topics include stewardship mentality of CEOs, the impact of systems and culture on a company's moat, studying Procter and Gamble as a titan in the industry, uncovering hidden gems in the stock market, diversification strategies for managing a stock portfolio, and the importance of finding skilled stewards of businesses as an investor.
01:02:49
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Quick takeaways
- Long-term thinking and stewardship in investing can generate sustainable success and long-term shareholder value.
- Systems and operational excellence, including cash flow management and risk management, are crucial for building successful companies.
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The podcast guest's background and introduction
In this podcast episode, Eddie Palmian and Niklas Savos interview Todd Wenning, an experienced investor and writer with a background at Ensemble Capital, Motley Fool, and Morningstar. Todd shares his journey into the world of business and investing, starting from his humble beginnings at Vanguard to his time at different companies, and eventually his current work on the Flyover Stocks newsletter.
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