Kyle Grieve discusses the life and career of legendary capital allocator John Malone and details the at times complex strategies that helped him compound capital over decades. What you'll learn here: 00:00:00 - Intro 00:03:16 - How Malone uncovered fraud and took over Jerrold 00:04:13 - Why risk assessment shaped his “what if not” framework 00:07:23 - How he chose TCI over higher-paying offers 00:09:06 - Creative leverage strategies to survive heavy debt 00:10:55 - Why EBITDA helped reframe TCI’s cash economics 00:13:37 - How clustering acquisitions built regional cable dominance 00:16:24 - The Liberty Media spinoff and tax-efficient structuring 00:42:34 - Asymmetric bets that created massive upside for shareholders 00:33:46 - Lessons from disruption and Netflix’s streaming threat 00:47:08 - Malone’s thoughts on leadership, decentralization, and long-term capital allocation Transcript & Guest Info: https://www.theinvestorspodcast.com/episodes/born-to-be-wired-w-kyle-grieve/ 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 💎 Explore a new business weekly and decide if it deserves a spot in your portfolio. https://www.theinvestorspodcast.com/intrinsic-value-podcast/ ▶️ Related Episodes: - Cable Cowboy: John Malone and the Rise of the Modern Cable Business w/ Kyle Grieve: https://youtu.be/iZfjbaXxz_U - Essential Truths w/ Howard Marks, Nima Shayegh & William Green: https://youtu.be/o8r1TnydKCY - Avoid Disaster w/ Superinvestor Howard Marks: https://youtu.be/hmHk_lqv_6s 📖 Books Mentioned: - Born to Be Wired by John Malone: https://amzn.to/3NdSeUK - Margin of Safety by Seth Klarman: https://amzn.to/3N4e8Kg Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/we-study-billionaires/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #JohnMalone #LibertyMedia #CableIndustry #CapitalAllocation #NetflixDisruption