# Turning Over as Many Rocks as Possible with James Emanuel, Author of "Fabric of Success" Page: https://stenobird.com/podcast/compounders-podcast-6864958/turning-over-as-many-rocks-as-possible-with-james-emanuel-author-of-fabric-of-success Text version: https://stenobird.com/podcast/compounders-podcast-6864958/turning-over-as-many-rocks-as-possible-with-james-emanuel-author-of-fabric-of-success.md Podcast: [Compounders Podcast](https://stenobird.com/podcast/compounders-podcast-6864958) Published: 2024-12-05T08:01:00+00:00 Episode link: https://compounders.podbean.com/e/turning-over-as-many-rocks-as-possible-with-james-emanuel-author-of-fabric-of-success/ Audio file: https://mcdn.podbean.com/mf/web/fph7su9wnyv3695q/Compounders_with_James_Emanuel_AUDIO_ONLYa023z.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/compounders-podcast-6864958/episodes/turning-over-as-many-rocks-as-possible-with-james-emanuel-author-of-fabric-of-success Duration seconds: 3679 ## Resource My guest on the show this week is James Emanuel, a private investor and the founder of Rock & Turner. James has thought deeply about many aspects of the investment world—and is an active writer on his Substack as well as being the author of a number of books. In this deep conversation, we discussed: - What led James to focus on investing full time; - Why he decided to run what is essentially an all-cap global strategy; - The reasons he has such a negative opinion of dividends; - Why he calls stock-based compensation the most abused aspect of corporate finance; and - His newest book, Fabric of Success James mentioned several securities on this podcast. The only one I own is Berkshire Hathaway. For more information about ”Fabric of Success”, you can purchase your copy here: https://www.amazon.com/Fabric-Success-Threads-Tapestry-Business/dp/B0D5W7B9W1 Listen to all Compounders Podcast episodes on either Apple or Spotify iTunes: https://apple.co/3xlUvPY Spotify: https://spoti.fi/3jxkxLl All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/compounders-podcast-6864958/episodes/turning-over-as-many-rocks-as-possible-with-james-emanuel-author-of-fabric-of-success/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/compounders-podcast-6864958/turning-over-as-many-rocks-as-possible-with-james-emanuel-author-of-fabric-of-success.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.