Transcript
Introduction
Patrick
My guests today are Scott Davis and Rob Wertheimer. Scott and Rob head up Melius Research and are the authors of a great book called Lessons from the Titans. The book explains what the industrial giants of old can teach the new generation of high-growth businesses, how to survive and deliver shareholder value over multiple decades.
Drawing on their experience as industrial analysts, they present case studies on businesses like Danaher, Roper, Honeywell, Boeing and GE to reveal both what does and doesn't work when it comes to capital allocation and business strategy as a company enters a more mature phase in its life cycle. Please enjoy my conversation with Scott and Rob.
What The Old Industrial Titans Can Teach Us Today
Patrick
So Rob and Scott, I’m so appreciative your time today. I'm really excited to dive into the many lessons that you've learned from industrial titans in business and stock market history. You mentioned before we hit record that your book, which isn't that old, has really been hitting its stride recently, probably because so many of these lessons have seemingly become more applicable especially to the technology sector in the last year, year-and-a-half or thereabouts.