YouSaid · the spoken record

Nick Howley

lines on the record
106
first
2022-07-14
most recent
2022-07-14
sittings or episodes
1
sources
podcast

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  1. “I played linebacker, linebacker, and I graduated stunningly as a pretty high GPA as an engineering major, which is almost unheard of if you play football. And then worked for a couple of years. And then I got into Harvard Business School, but I get in two years out in the future. So I had to go find a job for a couple of years, which I did and a farm machine business in upstate New York. And then I went to Harvard Business School.”

    2022-07-14 · Invest Like the Best · TransDigm: Foundations with Nick Howley [50X, EP.1] · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “Engineering background, I went to Drexel, which is, by the way, one of the reasons I worked a fair amount. Drexel is a co-op school. It takes five years to graduate. You work half the time. I was a mechanical engineer there, and I play football.”

    2022-07-14 · Invest Like the Best · TransDigm: Foundations with Nick Howley [50X, EP.1] · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “One did for a little while, but it really wasn't big enough to support people over multiple generations. There was another family and his partners, and that got complicated as time went on.”

    2022-07-14 · Invest Like the Best · TransDigm: Foundations with Nick Howley [50X, EP.1] · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “All kinds of things. I did it through high school and in college. I worked machine sum. They had a heat treat section. I worked in that. I was a supervisor. I was what they call section manager in manufacturing. And also I did some financial work. It's a business like that. You're in the real nuts and bolts of cost management and value creation and what's working capital really mean. It has a way of stripping out a lot of the just strategic bullshit you deal with in some situations. And it was very illuminating to me.”

    2022-07-14 · Invest Like the Best · TransDigm: Foundations with Nick Howley [50X, EP.1] · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “The old joke, you know, they had to sell the furniture to pay the rent this month, and then next month you sell one of the cars and all that sort of thing. They had four small aerospace businesses, total about 55 million in revenue and maybe $9 million in EBITDA that were decent businesses, but they were in a bad patch of the market. They decided that was something they can sell. moved out to Cleveland from right outside of Princeton to polish them up and sell them. As practical matter, I wouldn't move my family out there to polish up and sell businesses for somebody else. My intention was to buy them.”

    2022-07-14 · Invest Like the Best · TransDigm: Foundations with Nick Howley [50X, EP.1] · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “I would tell you my goal for much of my life was to own some kind of niche manufacturing business. You know, my dad had a machine shop that he ran for a lot of years and I have to say I worked in that sum. That was likely the best on the ground practical business experience that I received in my life. I had various other entrepreneurial activities, which I would say worked so-so not great. I worked for Raytheon for a little while in an engineering management job. I then worked for IMO Industries. IMO Industries was a large public spinoff from Trans America that owned a lot of niche manufacturing businesses. And it borrowed and bought, that's how I first got my exposure to M&A until essentially it exploded and had to start selling things off. They had some strategic garble about it. But essentially you had a”

    2022-07-14 · Invest Like the Best · TransDigm: Foundations with Nick Howley [50X, EP.1] · IDENTIFIED FROM THE TRANSCRIPT · source