Paddy Hogan is the head of investor relations at ORIX, a Japanese company with 35,000 employees active within finance, investments, life insurance, and banking. The episode is centered around the book “What It Takes”, by Stephen A. Schwarzman. It tells the story of how Stephen co-founded Blackstone and made it the world’s largest alternative asset manager, with more than one trillion dollars under management.

For more info about the podcast, go to the episode page and make sure to follow us on 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 May 25, 2023.

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Episode Chapters

(00:00) Intro by Niklas & Henrik

(02:31) Welcoming Paddy

(03:25) Introduction to “What it Takes” and Blackstone

(05:55) Hiring the best people possible

(07:42) About Orix

(13:28) Thoughts on decentralization

(20:44) Corporate frugality

(25:28) Attracting long-term shareholders

(32:15) The (cultural) foundation of Orix

(38:16) Orix’s take on position sizing

(41:00) Takeovers - Hostile and friendly

(47:46) Buying companies without an exit strategy

(50:20) Reading habits

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Books Mentioned

What It Takes - Stephen A. Schwarzman

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Companies Mentioned

• Orix
• Fairfax
• Brookfield
• Blackstone
• Berkshire Hathaway

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More on Paddy

LinkedIn

Orix 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: 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: 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