Investing by the Books: #1 Sean Iddings: The Ultimate Competitive Advantage

Investing By The Books



Sean Iddings has built a strong pattern recognition from studying many of the world’s most successful companies and leaders. In our premiere episode, Sean shares his experience of investing’s holy grail - buying and holding a 100 bagger stock. We also talk about how to be an intelligent fanatic, dealing with biases, and why insider ownership might be overvalued.



Eddie Palmgren

Niklas Sävås

Episode Notes

Definition of an Intelligent Fanatic

Founder, CEO or management team with unconventional ideas and a fanatical drive to build a high-performance organization. Term coined by Charlie Munger: ”Occasionally, you’ll find a human being who’s so talented that he [or she] can do things that ordinary skilled mortals can’t”.

Definition of Standing on the Shoulders of Giants

To leverage the vast ocean of quality experiences from the greats before us. Term coined by Sir Isaac Newton: ”If I have seen further, it is by standing upon the shoulders of giants.”

Intelligent Fanatic Characteristics (table referred to at 00:13:02 in the episode)

  • Industry Experience: Low
  • Long-Term View: Yes
  • Superpower of Incentives: High
  • Ownership Mindset: High
  • Productive Paranoia: High
  • Experimentation: Yes
  • Decentralized: Yes

Articles Mentioned

​​Books Mentioned

Companies and Intelligent Fanatics Mentioned

  • Immersion Factory LLC – Sean Iddings’ business
  • Southwest Airlines – Herb Kelleher
  • FedMart/Price Club/Costco – Sol Price
  • Berkshire Hathaway – Warren Buffett
  • XPEL Technologies – Ryan Pape
  • Walmart – Sam Walton
  • Nucor Steel – Ken Iverson
  • Ford Motor – Henry Ford
  • Amazon – Jeff Bezos
  • Inductotherm Corp. – Hank Rowan
  • NCR – John Patterson
  • Steve Jobs
  • Black Entertainment Television (BET)
  • Miles Davis

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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.

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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. Learn more about Redeye


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


About the podcast

Welcome to Investing by the Books podcast!

Through life and investing, we believe books are an excellent source to better understand oneself, other investors, and the world. Our podcast could be valuable if you:

  • Want to improve as an investor and person
  • Want inspiration for what to read next
  • Struggle to read as much as you want
  • Want more insights from the authors

In the podcast, our ambition is to educate sophisticated and aspiring investors. We want to convey timeless knowledge through deep conversations with authors and other guests.

For us, investing is a multidisciplinary art and craft. The content includes Behavioral Finance, Business, Economics, Equity Investing, Finance, and Surrounding Knowledge.

To improve the podcast, we really appreciate your feedback, so please rate and review us! Do you have questions for our guests, book suggestions, or feedback? Follow us and get in touch at:

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