Ken Langone - The American Dream - [Invest Like the Best, REPLAY]
Ken Langone - The American Dream - [Invest Like the Best, REPLAY]
Ken Langone - The American Dream - [Invest Like the Best, REPLAY]
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.
Ken Langone shares pivotal moments from his career, emphasizing honesty and courage—exemplified by his bold pitch to Ross Perot that led to a successful IPO without reviewing financials. He underscores the importance of trust and keeping one’s word, illustrated by his defense of Dick Grasso’s compensation based on merit, later upheld in court. At Home Depot, Langone championed an upside-down hierarchy, empowering frontline employees and fostering a culture where service and loyalty created millionaires from entry-level workers. The return of CEO Frank Blake restored these core values after a period of erosion. His long-term investment philosophy—holding assets like Lilly stock for decades—mirrors his belief in patience and faith in strong leadership. Langone credits capitalism and teamwork over individual genius, highlighting resilience and integrity as cornerstones of achievement. Personal stories, including a stranger’s gratitude for lifesaving hospital care he helped fund, reinforce his belief in kindness and the transformative power of opportunity.
06:40
06:40
Defied the 30-minute rule and told Perot his opinion was nonsense
15:45
15:45
The deal was done at 115 times earnings and the value jumped from 16 to 24 on the first day.
18:48
18:48
Never do business again with someone who reneges on assurances after benefiting from concessions.
22:10
22:10
The committee stood by the facts, and when the Court ruled 7-0, even opponents had to acknowledge the truth.
26:54
26:54
A store employee fixed a customer's faucet with a washer, leading to a $100,000 kitchen order
29:16
29:16
Frank is selfless, embracing fine values, and is an example of authenticity
31:02
31:02
A plumbing club kid's idea improved plunger display and sales.
39:21
39:21
Home Depot employee becomes millionaire through stock, pays off parents' mortgage first
39:58
39:58
95% of business success is about having great people
47:53
47:53
His success is an American story built on kindness and effort
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