#53 Todd Wenning on Lessons from the Titans

Investing by the Books

Todd Wenning is an investor with experience from Ensemble Capital, The Motley Fool, and Morningstar. In episode five, we came across some of his work as he is a contributing author to the book Why Moats Matter. This time, we speak about Lessons from the Titans, a book about the lessons that today’s businesses can draw from America’s industrial giants.

For more info about the podcast, go to the episode page and make sure to follow us on Twitter/X. We love to hear your thoughts so please give us a rating/review in your podcast player! Also, feel free to share great authors, books, and investors you want to hear on the show. /Eddie & Niklas with team

This episode was recorded on Nov 13, 2023.

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Episode Chapters

(00:00) Introduction by Eddie & Niklas

(01:11) Welcoming Todd

(07:37) Todd’s interest in history

(10:24) Lessons from the Titans

(30:09) Thoughts on acquisition-driven businesses

(33:00) Lessons on risk management

(35:50) The people behind the business

(44:31) Handling small problems that compounds

(46:51) Adding a company to the book

(51:22) Flyover stocks/Todd’s new project

(54:51) Difference between small and large caps in terms of moats

(58:10) Book discussions

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Books Mentioned

• Lessons from the Titans - Scott Davis, Carter Copeland, Rob Wertheimer
• Why Moats Matter - Heather Brilliant
• The Seven Signs of Ethical Collapse - Marianne M. Jennings
• Same as Ever - Morgan Housel
• Common Stocks and Uncommon Profits - Philip A. Fisher
• Big Money Thinks Small - Joe Tillinghast
• Keeping Your Dividend Edge - Todd Wenning

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Companies Mentioned

• Vanguard
• Truist Bank
• The Motley Fool
• Morningstar
• Procter & Gamble
• General Electric
• Honeywell
• Danaher
• Admiral Group
• Roper Technologies
• Constellation Software
• Grocery Outlet
• Jack Henry and Associates
• Worthington Industries
• Howden’s Joinery
• Games Workshop

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More on Todd

Flyover Stocks

Threads

X

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About the Podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

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What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter/X: https://twitter.com/Investbythebook

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What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

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Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se