Founders

#268 John Malone (Cable Cowboy)

Informações:

Sinopse

What I learned from reading Cable Cowboy: John Malone and the Rise of the Modern Cable Business by Mark Robichaux.----Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com----Outline:Thread of highlights from Cable Cowboy by @LoadlinefinanceMalone was stalwart about building long term value through leveraged cash flow. Earnings didn’t count. He wasn’t constrained by quarterly expectations.Malone built the pipes, then bought the water that flows through them.Malone took spartan operations to another level. Absolutely no bureaucracy. No waste. We don’t believe in staff. Staff are people who second-guess people.Malone averaged one M&A deal every two weeks over 15 years. That’s insane. These guys were slinging billion dollar deals like bowls of breakfast cereal.One of the best parts of the book is Robichaux’s exploration of Malone’s complex personality. It’s not just a fawning glow piece.The beginning of industries are always filled with cowboys, pirates, and misfits.This book— b