In today’s episode, Kyle Grieve discusses the book Cable Cowboy: John Malone and the Rise of the Modern Cable Business. He covers why and how John Malone was such a prodigious creator of value, how he aligned himself with shareholders, how he helped build his monopoly-like business, TCI, how he dealt with competitors and regulators, why he trained Wall Street to see value differently, why Malone despised paying taxes, how Malone engineered deals to enrich himself and shareholder simultaneously, and much more!﻿IN THIS EPISODE YOU’LL LEARN:00:00 - Intro07:41 - Why John Malone chose to work for TCI at a significant discount09:52 - How Malone kept costs down to maximize cash flow16:24 - How John Malone used his knowledge of scale and leverage to build TCI19:08 - How John created his accounting terms to best display TCI's abilities to create value27:57 - How Malone used his scale advantages to secure better rates from programmers36:34 - The monopoly-like power that TCI could yield that featured its bargaining power38:17 - How Malone created life-changing wealth for himself from the Liberty Media spin-off42:54 - Why John invented the 500-channel offering and how it protected the cable industry45:51 - Malone's tactics to try and divert attention away from TCI's monopoly-like power50:58 - How John Malone quickly improved TCI's financial statements through industry consolidationDisclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul>
<li>Join the exclusive <a href="https://www.theinvestorspodcast.com/mastermind-2/">TIP Mastermind Community</a> to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.</li>
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TIP619: The Cable Cowboy: John Malone w/ Kyle Grieve

We Study Billionaires - The Investor’s Podcast Network