Adam Karr outlines his personal framework for finding success in both life and business. He shares insights into how to hire the best CEOs (even if you have just ten minutes to talk with them) and what CEOs he avoids talking to, the simple ideas Karr takes seriously, the correlation between people's writing and their performance, and more. This episode is packed with practical wisdom on how to succeed as an investor and business person.
Adam Karr is the President and Portfolio Manager at Orbis Investments. Prior to Orbis, Karr was a partner at Palladium Equity and a financial analyst at Donaldson, Lufkin, and Jenrette.
(00:00) Intro
(02:44) Investing Strategies and Market Games
(04:08) Adapting and Evolving Investment Styles
(05:20) The Importance of Obsession and Environment
(06:29) Aligning with Long-Term Investment Goals
(07:11) Identifying and Evaluating Obsessed CEOs
(08:13) The Role of Culture in Investment Decisions
(08:54) Building Long-Term Positions and Overcoming Short-Term Pressures
(12:21) The Blueprint for Success
(15:24) Learning from Role Models and Mentors
(21:25) The Power of Writing and Decision Analytics
(29:11) The Magic in the Last 5% of Investment Research
(35:25) Understanding Roll-Ups: Success Factors and Challenges
(36:01) Applying Knowledge for an Unfair Advantage
(37:42) Learning from Feedback and Case Studies
(40:47) The Importance of Independent Thinking
(43:06) Lessons from Industry Leaders
(49:32) The Will to Practice and Time Management
(56:44) Positioning for Success and Resilience
(01:08:59) Defining Success and Helping Others
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