Interview with David Gardner: Rule Breaker Investing

In this interview, Brian Richards speaks with David Gardner, co-founder of The Motley Fool, about his new book, "Rule Breaker Investing." Gardner discusses his investment philosophy, which centers around challenging conventional wisdom like "buy low, sell high," and instead advocates for "buying high and trying not to sell." He emphasizes the importance of identifying companies with the six traits of a rule breaker stock, including being a top dog and first mover in an important emerging industry and being considered overvalued by the financial media. Gardner uses examples like Amazon, Tesla, Intuitive Surgical and Palantir to illustrate his points, and shares a personal anecdote about missing out on Yahoo in the early days due to a focus on traditional valuation metrics. He also touches on the concept of "faker breakers," companies that appear innovative but ultimately don't succeed, and offers advice on how to distinguish them from genuine rule breakers. The conversation concludes with Gardner's key insight: "Let your winners run," and a mention of the relaunch of The Motley Fool's Supernova service.