Joys of Compounding

Written by: Colossus | Investing & Business Podcasts
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  • Summary

  • This 'podclass' is a series of discussions with the world's best investors, company builders, academics, athletes, artists and human beings devoted to exploring the joys of compounding in all its forms.
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Economics Management & Leadership Personal Finance
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Episodes
  • Rich Wells - Keep Moving - [Joys of Compounding, EP.24]

    Rich Wells - Keep Moving - [Joys of Compounding, EP.24]
    Jan 28 2025
    This is Rick. Today's teacher is Rich Wells, managing director of Insight Partners, which celebrates its 30th anniversary this month. I've known Rich for 20 years since our time as section mates in business school, where he was consistently recognized as the smartest person in the room. Rich is universally regarded as one of the preeminent private market software investors of the last 20 years, helping drive Insight's success through agility and excellence. While achieving the highest heights in his career, Rich has also faced profound personal challenges, including the tragic loss of his wife Rachael. This vulnerable conversation offers critical wisdom about resilience and moving forward through life's darkest moments. No matter what life throws at you remember that you've got to find a way to keep going. Please enjoy class with my dear friend and software savant, Rich Wells. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by EightSleep, the temperature-controlled mattress cover that heats or cools your mattress to transform your sleep. The Pod 4 Ultra is the new gold standard in intelligent sleep systems. It can be added to your current mattress like a fitted sheet and is been clinically proven to give you up to an hour more quality of sleep every night. The cooling capability can cool your side of the bed to 20 degrees below room temperature, all managed by the pod's autopilot feature, which adjusts the temperature throughout the night. Go to eightsleep.com/joys for $350 off. ---- Joys of Compounding is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Joys of Compounding, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Follow us on Twitter: @Buhrman_Rick | @PaulBuser | @JoinColossus Show Notes (00:00:00) Learn about EightSleep (00:02:57) Meet Today's Teacher: Rich Wells (00:10:04) Early Career Challenges and Lessons (00:14:59) Joining Insight Partners (00:17:20) Reflecting on TCV and Moving to Business School (00:19:11) Experience at Business School and Joining Insight (00:26:05) Insight's Growth and Strategy (00:30:38) Evolution of Software and Investment Strategies (00:34:48) Impact of SaaS and Cloud on Software Development (00:36:41) Investment Philosophy and Market Insights (00:39:01) Empowerment and Team Dynamics (00:43:05) Majority Stakes and Mindset Shifts (00:45:14) Evolution from Value to Growth Investing (00:47:49) Shopify: A Generational Company (00:51:39) Expanding TAM: The Role of Payments (00:55:02) Personal Struggles and Triumphs (00:59:25) Rachel's Legacy and Life Lessons (01:10:06) Future of Software
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    1 hr and 22 mins
  • Mitch Rales - The Art of Compounding - [Joys of Compounding, REPLAY]

    Mitch Rales - The Art of Compounding - [Joys of Compounding, REPLAY]
    Jan 6 2025
    Before we turn the page on 2024, we wanted to shine one more light on the man behind our most popular class of the last year. And that's Mitch Rales, co-founder of Danaher, one of the most impressive businesses to have been built anywhere in the world this past century. Having co-founded Danaher 40 years ago alongside his brother and best friend Steve, the Rales boys have strung together a track record of compounding that might even make Buffett blush. Consider that Danaher has annualized at over 21% for four decades, resulting in an 1800-times multiple on invested capital! You’ll learn from Mitch about the key inputs to his outlier success: why greatness is a journey that takes an unusual time horizon, the role benchmarking plays in standing up any winning organization, why it is essential to cultivate learning agility and embrace transformational pivots over time, and also the qualities Mitch looks for both in the leaders and businesses he looks to support. While Mitch is a natural teacher, this is actually his first recorded, long-form interview of any kind, and so we feel especially honored to share with you our candid conversation with someone who has shaped and transformed us and the business world in so many positive ways. Please enjoy today’s class with Mitch Rales. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by EightSleep, the temperature-controlled mattress cover that heats or cools your mattress to transform your sleep. The Pod 4 Ultra is the new gold standard in intelligent sleep systems. It can be added to your current mattress like a fitted sheet and is been clinically proven to give you up to an hour more quality of sleep every night. The cooling capability can cool your side of the bed to 20 degrees below room temperature, all managed by the pod's autopilot feature, which adjusts the temperature throughout the night. Go to eightsleep.com/joys for $350 off. ----- Joys of Compounding is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Art of Investing, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) - Welcome to Joys of Compounding (00:04:32) - The Philosophy Behind Glenstone's Creation (00:11:57) - Benchmarking and Continuous Improvement: Lessons from Danaher and Glenstone (00:20:22) - The Influence of Mitch’s Father and Upbringing (00:27:43) - Transforming Danaher During The George Sherman (00:29:39) - Embracing Long-Term Vision and Patience (00:35:47) - The Role of Leadership in Navigating Change (00:41:21) - Danaher's Evolutionary Journey: From 1.0 to 4.0 (00:55:37) - Building a Culture of Internal Growth and External Innovation (00:57:42) - The Art of Successful Acquisitions and Integration Strategies (01:02:03) - Seeking Leadership Qualities and Business Traits for Long-Term Success (01:05:14) - The Journey from Personal Experience to Philanthropy (01:12:10) - Investment Philosophy: Concentration vs. Diversification (01:28:46) - Operational Expertise as a Catalyst for Company Growth (01:33:17) - Identifying and Supporting Talent in Business (01:42:02) - The Impact of Secular Trends on Long-Term Investments (01:48:53) - Revitalizing the Washington Commanders (01:56:36) - Engaging with Fans and Building a Winning Culture (02:04:16) - The Importance of Long-Term Vision
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    2 hrs and 7 mins
  • Marcus Freeman - Choose Love, Choose Hard - [Joys of Compounding, REPLAY]

    Marcus Freeman - Choose Love, Choose Hard - [Joys of Compounding, REPLAY]
    Dec 9 2024
    In honor of Notre Dame clinching a playoff spot, we're replaying our conversation from earlier this year with head coach Marcus Freeman. We discuss the power of relationships and how he talks with his players about the concepts of hard work & love. Marcus delves into what it takes to focus on inputs rather than outputs, especially as the college sports world is changing in unprecedented ways. And for you football fans out there, we even get into a little bit of what's ahead for Notre Dame’s program in Marcus’s third year as head coach. As alums and lifelong fans of the Irish, it was a real treat to host Coach Freeman at our studios. Please enjoy this class with Coach Marcus Freeman. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by EightSleep, the temperature-controlled mattress cover that heats or cools your mattress to transform your sleep. The Pod 4 Ultra is the new gold standard in intelligent sleep systems. It can be added to your current mattress like a fitted sheet and is been clinically proven to give you up to an hour more quality of sleep every night. The cooling capability can cool your side of the bed to 20 degrees below room temperature, all managed by the pod's autopilot feature, which adjusts the temperature throughout the night. This holiday season go to eightsleep.com/breakdowns and use code JOYS for up to $600 off the Pod 4 Ultra when bundled. ----- Art of Investing is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Art of Investing, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) - Welcome to Joys of Compounding (00:04:45) - Confidence and Leadership (00:06:32) - The Profound Influence of Family (00:10:39) - Embracing the Role of a Lifelong Learner (00:12:43) - The Coaching Journey: From NFL Dreams to Notre Dame (00:18:22) - Building Relationships: The Core of Coaching (00:21:53) - Other-Centeredness as a Coaching Philosophy (00:23:55) - The Mindset of Notre Dame Football (00:24:59) - The Power of Relationships and Team Dynamics (00:28:01) - Emphasizing Love and Choice in Team Culture (00:30:37) - Continuous Improvement and Challenging the Status Quo (00:35:17) - Navigating the Upheaval in College Football (00:36:28) - The Importance of Education in Athlete Development (00:39:04) - Family, Balance, and Being Present (00:41:28) - Recruiting Talent and Building Teams at Notre Dame (00:43:55) - Inspiring Today’s Youth and Upholding High Standards
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    42 mins

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