We are excited to share a great conversation with <a href="https://en.wikipedia.org/wiki/Mitchell_Rales">Mitch Rales</a>, the co-founder of Danaher and one of the living legends in the world of business and investing. Consider that Danaher has annualized at over 21% for four decades, resulting in an 1800-times multiple on invested capital! This is Mitch&#8217;s first long-form interview of any kind, and he covers his entire history and business philosophy. Interviewing Mitch are <a href="https://www.linkedin.com/in/paul-buser-3811764/">Paul Buser</a> and <a href="https://www.linkedin.com/in/rick-buhrman/">Rick Buhrman</a>, who host the Art of Investing podcast on the Colossus network. Please enjoy this comprehensive discussion with Mitch Rales.

Listen to more <a href="https://pod.link/1708212587">Art of Investing</a>. 

For the full show notes, transcript, and links to mentioned content, check out the episode page<a href="https://joincolossus.com/episodes/37099495/rales-the-art-of-compounding"> here.</a>
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Art of Investing is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Art of Investing, visit<a href="https://www.joincolossus.com/episodes"> joincolossus.com/episodes</a>. 
Editing and post-production work for this episode was provided by The Podcast Consultant (<a href="https://thepodcastconsultant.com/">https://thepodcastconsultant.com</a>).

Show Notes
(00:00:00) &#8211; Welcome to The Art of Investing
(00:05:32) &#8211; The Philosophy Behind Glenstone&#8217;s Creation
(00:12:57) &#8211; Benchmarking and Continuous Improvement: Lessons from Danaher and Glenstone
(00:21:22) &#8211; The Influence of Mitch’s Father and Upbringing
(00:28:43) &#8211; Transforming Danaher During The George Sherman
(00:30:39) &#8211; Embracing Long-Term Vision and Patience
(00:36:47) &#8211; The Role of Leadership in Navigating Change
(00:42:21) &#8211; Danaher&#8217;s Evolutionary Journey: From 1.0 to 4.0
(00:56:37) &#8211; Building a Culture of Internal Growth and External Innovation
(00:58:42) &#8211; The Art of Successful Acquisitions and Integration Strategies
(01:03:03) &#8211; Seeking Leadership Qualities and Business Traits for Long-Term Success
(01:06:14) &#8211; The Journey from Personal Experience to Philanthropy
(01:13:10) &#8211; Investment Philosophy: Concentration vs. Diversification
(01:29:46) &#8211; Operational Expertise as a Catalyst for Company Growth
(01:34:17) &#8211; Identifying and Supporting Talent in Business
(01:43:02) &#8211; The Impact of Secular Trends on Long-Term Investments
(01:49:53) &#8211; Revitalizing the Washington Commanders
(01:57:36) &#8211; Engaging with Fans and Building a Winning Culture
(02:05:16) &#8211; The Importance of Long-Term Vision

Patrick OShaughnessy

Mitch Rales: The Art of Compounding - [Art of Investing, Forever Episode]

We are excited to share a great conversation with Mitch Rales, the co-founder of Danaher and one of the living legends in the world of business and investing. Consider that Danaher has annualized at over 21% for four decades, resulting in an 1800-times multiple on invested capital! This is Mitch&#8217;s first long-form interview of any [&hellip;]