Episode · Invest Like the Best · 2022-12-20
Patrick O'Shaughnessy & Michael Mauboussin: books mentioned on Invest Like the Best #308
Michael Mauboussin - Sharpening Investor & Executive Toolkits - [Invest Like the Best, EP.308]
My guest this week is Michael Mauboussin. Many of you will know Michael and his work well.
Michael Mauboussin recommended Better, Simpler Strategy by Felix Oberholzer-Gee, and discussed Outsiders, The by William N. Thorndike Jr. and others.
Books mentioned, in the order they came up
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Better, Simpler Strategy
Better, Simpler Strategy by Felix Oberholzer-Gee is a business book that presents clear frameworks for achieving competitive advantage and driving corporate value.
Recommended“There's a relatively new book last year or two by Felix Oberholzer Gee, who's a professor at Harvard Business School. The book is called Better, Simpler Strategy. I recommend that book. It's an easy read.”
Where to get it
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Outsiders, The
Outsiders, The by William N.
Discussed“Is there good or bad capital allocation? The answer is absolutely. The key to me, you mentioned Will's book, The Outsiders. And to me, the north star of all this is building long-term value per share.”
Where to get it
Other mentions in this episode (2) — ad reads, self-promotion and passing references, never counted
Passing 7 Powers
“I want to talk about power as it relates to all of this, because seven years ago or something before Seven Powers and other similar frameworks became so popular amongst the entrepreneurial crowd”
Passing 7 Powers
“And early in that company's history, three of the canonical ideas were Bezos' customer centricity, Thorndyke's outsider's capital allocation profile and seven powers. We started to hit on some of these key things”