Markets Magazine
Beat the S&P 500 by Investing Alongside John Malone
A simple portfolio of companies that are majority-owned by the cable pioneer would have more than doubled the return of the index over the past 10 years.
Oppenheimer's Wald Says Stay Invested in Stocks
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John Malone still visits Liberty Media Corp.’s office in Englewood, Colo., during at least half the year. But the Cable Cowboy, now 76, is less engaged in his sprawling media empire these days. The billionaire cable pioneer prefers to spend much of his time in Ireland, Maine, and Florida and leave many of Liberty’s decisions to his trusted lieutenant, Greg Maffei.
“John is certainly involved in all the major decisions,” Maffei says. “But mostly we go to John and say, ‘This is what we think we ought to do,’ and John says, ‘Yeah, that makes sense.’ He’s more of the philosopher king.”