Founders

#268 John Malone (Cable Cowboy)

191 snips
Sep 21, 2022
Discover the journey of John Malone, the mastermind behind the modern cable industry. Learn about his unconventional philosophies, focusing on long-term value over short-term earnings. Explore the aggressive acquisition strategies that saw him complete a deal every couple of weeks. Delve into the emotional challenges he faced in the corporate world and his quest for a unique company culture, all while managing a transformation in an industry filled with risk-takers and innovators.
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INSIGHT

Malone's Business Philosophy

  • John Malone prioritized long-term value through leveraged cash flow, disregarding quarterly earnings.
  • He focused on owning both distribution (cable lines) and content (programming).
ANECDOTE

Malone Joins TCI

  • Malone joined TCI, a struggling cable company, despite lucrative offers elsewhere.
  • He saw potential for wealth if he could turn the company around.
ANECDOTE

Malone's Risky Bet

  • Malone turned down a higher-paying job with perks to join TCI for less money and stock options.
  • This decision, though seemingly irrational, proved to be a crucial turning point in his career.
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