Invest Like the Best with Patrick O'Shaughnessy cover image

Invest Like the Best with Patrick O'Shaughnessy

Ernie Garcia - Leading Through Crisis - [Invest Like the Best, EP.396]

Nov 12, 2024
Join Ernie Garcia, the co-founder and CEO of Carvana, as he recounts his extraordinary journey of steering the company through a staggering 99% stock price drop. He shares raw insights on resilience during the COVID-19 pandemic, emphasizing teamwork and morale. Garcia discusses leadership strategies that prioritize accountability and effective communication. Learn how Carvana not only survived but emerged stronger, highlighting operational efficiencies and the importance of investor relationships. His belief in fostering collective strength shines through in this candid conversation.
01:12:56

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Ernie Garcia attributes Carvana's remarkable turnaround to his dedicated team, emphasizing the importance of leadership during crises and maintaining morale.
  • The podcast discusses the significance of vertical integration in Carvana's strategy, which streamlines operations and enhances customer experiences in a competitive market.

Deep dives

Launch of Colossus Review

A new quarterly print publication, Colossus Review, is introduced, which will delve deeply into business and investment themes. The first issue includes unique content such as interviews with Graham Duncan, research on space investing, and insights into technological advancements. With only 1,000 copies printed, the publication has generated significant interest, with most copies already sold. This initiative reflects a commitment to providing comprehensive and diverse perspectives in the investment landscape.

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