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Ken Langone - The American Dream - [Invest Like the Best, REPLAY]

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Ken Langone - The American Dream - [Invest Like the Best, REPLAY]

Invest Like the Best with Patrick O'Shaughnessy

2025/10/30
Invest Like the Best with Patrick O'Shaughnessy

Invest Like the Best with Patrick O'Shaughnessy

2025/10/30
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

Today I am replaying my conversation with Ken Langone. Ken is a legendary American businessman best known for his co-founding of Home Depot. He is also a former director of the New York Stock Exchange and a passionate philanthropist. He shares with us a li...

Highlights

In this compelling conversation, Ken Langone reflects on a career defined by integrity, resilience, and an unwavering commitment to people-first leadership. From high-stakes boardrooms to humble beginnings, his journey offers a powerful lens into the values that drive lasting success in business and life.
06:40
Defied the 30-minute rule and told Perot his opinion was nonsense
15:45
The deal was done at 115 times earnings and the value jumped from 16 to 24 on the first day.
18:48
Never do business again with someone who reneges on assurances after benefiting from concessions.
22:10
The committee stood by the facts, and when the Court ruled 7-0, even opponents had to acknowledge the truth.
26:54
A store employee fixed a customer's faucet with a washer, leading to a $100,000 kitchen order
29:16
Frank is selfless, embracing fine values, and is an example of authenticity
31:02
A plumbing club kid's idea improved plunger display and sales.
39:21
Home Depot employee becomes millionaire through stock, pays off parents' mortgage first
39:58
95% of business success is about having great people
47:53
His success is an American story built on kindness and effort

Chapters

Welcome to Invest Like the Best
00:00
The Unforgettable Pitch to Ross Perot
04:00
Winning Over Perot with Honesty and Insight
08:37
The Art of Negotiation and Trust
16:08
Loyalty, Integrity, and the Power of Keeping Your Word
19:31
Home Depot's Culture of Service and Empowerment
23:51
Frank's Authentic Leadership and Its Impact
29:16
Transforming NYU Medical Center
31:00
Ken’s Investment Philosophy: Long Hold Only
33:45
The Power of Resilience in Business
39:56
The Kindest Thing Anyone Has Ever Done For Ken
45:37

Transcript

Ken Langone: The best operators have a relentless focus on leverage, finding ways to multiply their impact rather than just working harder. But here's what I see happening in finance teams everywhere. Brilliant people getting buried in expense management, ...