![David Gardner - Finding Companies That Break the Rules - [Invest Like the Best, EP.54]](https://megaphone.imgix.net/podcasts/18dbd862-ccce-11ed-87bf-8b1e482e8f5f/image/Var_2.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress)
Invest Like the Best with Patrick O'Shaughnessy
David Gardner - Finding Companies That Break the Rules - [Invest Like the Best, EP.54]
Conversations with the best investors and business leaders in the world. We explore their ideas, methods, and stories to help you better invest your time and money. Hear stock market and boardroom insights you can't find anywhere else. If you're a professional investor, CEO, entrepreneur, or business strategist, this is for you. Explore all our episodes and learn more at https://www.colossus.com
Show Notes
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The investment strategy discussed in this week's episode is diametrically opposed to my own value tendencies, but it still one that has done exceptionally well.
My guest is David Gardner, co-founder of the Motley Fool. He is unique in that he is both a pure investor--a true stock junkie--and an entrepreneur. His energy is remarkable. His positive vibes are something to behold. You'll hear it over audio, but it's ever more palpable in person.
Our conversation is about finding companies which are breaking rules in the right way and reshaping industries. David's goal is to find these companies early in and hold them forever.
If you love investing, you are going to love this regardless of your prior beliefs. Please enjoy my conversation with David Gardner on rule breakers.
For comprehensive show notes on this episode go to http://investorfieldguide.com/gardner
For more episodes go to InvestorFieldGuide.com/podcast.
To get involved with Project Frontier, head to InvestorFieldGuide.com/frontier.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Books Referenced
The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail (Management of Innovation and Change)
The New Penguin Dictionary of Modern Quotations
Moneyball: The Art of Winning an Unfair Game
The Motley Fool Investment Guide: How The Fool Beats Wall Street's Wise Men And How You Can Too
The Wisdom of Crowds
The Motley Fools Rule Breakers Rule Makers : The Foolish Guide To Picking Stocks
Links Referenced
Totally Absorbed
FANG stocks
Henry Cloud (author)
“I had a lover’s quarrel with the world” by Robert Frost
As You Like it (Shakespeare)
Invest Like the Best episod with Morgan Housel
Don't Be a Dip: The 1 Thing You Need to Know About Buying on Dips
Board Game Agricola
Boardgamegeek.com
Show Notes
– (First question) – Among the experiments that David has run in his podcast, which one has he enjoyed the most
– A deep dive into the rule breaker mentality that David uses
The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail (Management of Innovation and Change)
– What helps you to not sell a rule breaker amid big drawdowns.
– Totally Absorbed
– FANG stocks
– List of criteria in picking rule breaker stocks…starting with top dogs and first movers
– Second criteria…visionary leadership and the traits David looks for in a leader
– Henry Cloud (author)
– “I had a lover’s quarrel with the world” by Robert Frost
– Third criteria – competitive advantage and moats
– The New Penguin Dictionary of Modern Quotations
– As You Like it (Shakespeare)
– Moneyball: The Art of Winning an Unfair Game
– The Motley Fool Investment Guide: How The Fool Beats Wall Street's Wise Men And How You Can Too
– Invest Like the Best episod with Morgan Housel
– The Wisdom of Crowds
– Back to criteria, the fourth one, price momentum
– Don't Be a Dip: The 1 Thing You Need to Know About Buying on Dips
– Last criteria, something being overvalued and weigh that against the idea of whether a product or service is important based on whether people would miss it
– The Motley Fools Rule Breakers Rule Makers : The Foolish Guide To Picking Stocks
– Looking at David’s process for finding a stock and analyzing it
– The importance of taking these criteria in concert and how you can see the power of overvaluation
Board Game Agricola
– Boardgamegeek.com
– Kindest thing anyone has done for David
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
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