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

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Articles Mentioned

• Text interview with Sean Iddings 2016, Investing by the Books
• Text interview with Sean Iddings 2017, Investing by the Books
• Read more about Sean’s journey in $XPEL

​​Books Mentioned

• How Great Leaders Build Sustainable Businesses – Sean Iddings, Ian Cassel
• Standing on the Shoulders of Giants – Sean Iddings, Ian Cassel
• Intelligent Fanatics of India – Rohith Potti, Pooja Bhula
  
• Sean’s book recommendations:
  • Possibilities – Herbie Hancock, Lisa Dickey
  • The Music Lesson – Victor L. Wooten
  • Bono on Bono – Bono, Michka Assayas (mentioned off recording)

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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Follow Sean Iddings

• The Woodshedd
• Twitter

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