In the book The Outsiders, one of the profiled leader that is being said as a great capital allocator was John Malone of TCI.
The returns on TCI shows why Malone is a master in game.
It also illustrate the economic moats of this game between cable tv, broad band and pay TV.
For more resources of the industry do refer to this article over here.
John Malone have been in the news often. He owns a stake in Direct TV, which is also owned by Berkshire Hathaway (who also owns Comcast).
But Malone’s main vehicle have been Liberty Global ( LBTYA), which have been acquiring broadband telecom all over Europe.
What many are betting is that Mr Malone will turn Liberty Global into the same monster as that of TCI. And true enough, the share price looks great.
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