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Podcast highlights created and posted by Yo-Yo Ma on Snipd
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@yoyoma
TransDigm: Foundations with Nick Howley [50X, EP.1]
Embedding a Decentralized Organizational Structure and Culture: Hiring People who Believe in the Value Generation
AI Key Takeaways
- The decentralized organizational structure and related culture were consciously embedded over time and were established by the time the company went public.
- It is important to hire or promote individuals who believe in and can work within the company culture and understand the concept of value creation.
- If someone doesn't align with the value creation concept, it is necessary to either convert them quickly or remove them from key positions to maintain the culture.
- The presidents of each portfolio company play a crucial role in carrying and promoting the culture.
- The executive vice presidents are also key culture carriers as they oversee multiple businesses.
@yoyoma
Chris Cerrone - A Simple, Quality Discussion
Lessons from Observing CEOs and Management Teams (Roper Technologies er nevnt)
AI Key Takeaways
- Roper Technologies (formerly Roper Industries) went through a transformation process to become a vertical market software recurring revenue business.
- The ability of leadership to allow open communication and decision-making without constantly seeking approval is seen as a positive sign.
- Observing the dynamics between the chairman and the CEO can provide insights into the health and effectiveness of a company.
- Recognizing patterns and making intuitive judgments based on accumulated experience can be valuable in investment decision-making.
@yoyoma
Jan Mohr - Lessons from a Young Investor Turned Operator - [Art of Investing, EP.5]
Why Rolling Out Software in Europe Can be Challenging and the Need for Country-Specific Approaches
AI Key Takeaways
- Rolling out software across different countries in Europe is usually not effective due to specific market conditions and customer preferences.
- In many cases, country-specific applications are necessary in Europe, making it a more tedious process to expand.
- The competition landscape in Europe is different from that of the US, with less competitive dynamics and a unique window of opportunity.
- It is important to adapt the deal funnel and operational approach to the specificities of each country in Europe.
- There is a limited timeframe to take advantage of the current market conditions before they change.
@yoyoma
Jan Mohr - Lessons from a Young Investor Turned Operator - [Art of Investing, EP.5]
Building an Excellent Public Company and Embracing an Unusual Shareholder Base
AI Key Takeaways
- The effective long-term cost of equity should be minimized.
- Competing for shareholders is an important aspect of the company's vision.
- Danherge provides valuable feedback.
- The company aims to be exceptional rather than average.
- Having an investor relations presentation can be beneficial.
- Buffett's approach of not doing one-on-one meetings has been effective.
- Balancing dilution and attracting shareholders requires careful consideration.
- The company seeks high-quality and aligned shareholders.
- Remaining a public company allows the company to maintain strong relationships with shareholders.
- The company values building a talented team and a strong shareholder base.
- The company is proud of its current capitalization table.
@yoyoma
#702: Morgan Housel — Contrarian Money and Writing Advice, Three Simple Goals to Guide Your Life, Journaling Prompts, Choosing the Right Game to Play, Must-Read Books, and More
The Importance Compromise in Relationships & Three Goals
AI Key Takeaways
- If one person in a relationship is committed to making it work, there is a good chance it will succeed over time.
- Having respect for relationships, body, and family are important life goals.
- Being willing to compromise on various things is necessary to achieve important goals in life.
@yoyoma
Jeremy Giffon - Special Situations in Private Markets - [Invest Like the Best, EP.336]
The Importance of Asking Simple Questions in Business Analysis
AI Key Takeaways
- The questions to ask a seller include understanding what the business does, why people buy it, how it makes money, and how it started.
- An edge in investment analysis comes from experience and asking simple, basic questions.
- A great investment should be easy to sell and make sense without extensive debate.
- Having the ability to say no and let go of difficult decisions is important in making good investment choices.
- Having an abundance mindset can help in making investment decisions.
@yoyoma
#30 William Thorndike: The Outsiders
Finding Companies with Persistent Growth for Long-Term Returns
AI Key Takeaways
- The speaker is involved in Sun Mountain and they are looking for 20 year, 20 plus % IR RS which is a very high bar.
- The persistence of growth- organically or inorganically- is the key driver of long-term returns.
- The focus is on finding companies with conviction around growth which allows for some valuation flexibility.
- If one has conviction around growth, they generally have some flexibility in what they can pay.
- Consider the multiple paid relative to the long term growth rate when making investment decisions.
@yoyoma
TransDigm: Foundations with Nick Howley [50X, EP.1]
Pricing Strategies in Business, Including Understanding Value in the After Market
AI Key Takeaways
- In the space industry, it's important not to lose money, even if not making a lot of profit.
- Underestimating the value in the aftermarket can lead to losing money.
- Pricing should be a priority for the president of a business, not something to delegate.
- Clear rules and monitoring techniques can help to ensure proper pricing.
- It's better to focus on moving forward instead of worrying about the past.
@yoyoma
Dr. Peter Attia - The Portfolio to Live Longer - [Invest Like the Best, EP.325]
The Flawed Analysis of How Eliminating Specific Diseases Affects Human Lifespan
AI Key Takeaways
- Specific risk factors play into a given disease.
- Eliminating cancer would only extend human lifespan by three or four years.
- Eliminating heart disease wouldn't have a significant impact on human lifespan.
- The interrelationship of diseases is often ignored in mortality analyses.
- The 'four horsemen of death' are the diseases that kill us, with the fourth horseman likely having the biggest overall effect but not showing up on the death certificate.
@yoyoma
#543 - Scott Galloway - Why Is This Generation Struggling So Much?
God på salg litt uti: embracing rejection
AI Key Takeaways
- It's rare to hear advice for people in their thirties
- There's no user manual for operating in life in your thirties
- Lift heavy weights and run long distances in your brain and in the gym, push yourself really hard
- Participating in physical activities such as crew can be valuable in your twenties and thirties
@yoyoma
TransDigm: Foundations with Nick Howley [50X, EP.1]
God på Decentralization and Culture - What Is It?
AI Key Takeaways
- Decentralization and culture were deeply ingrained in the organization and treated as religious beliefs by the founders.
- Corporate structure and staff in large organizations contribute little value to niche engineering businesses.
- Attracting the right people who believe in the company's culture is crucial for successful acquisitions.
- Being quick to fire people who don't fit culturally or aren't truthful is important.
- The company developed a unique compensation model that aims to mirror private ownership in the public world.
- The compensation model ties to the generation of intrinsic value and requires a certain growth rate before vesting options.
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