David Rosenthal: recommendation

Transcript context

…So with that, this show is non-investment advice. David and I may have investments in the companies we discuss, and this show is for informational and entertainment purposes only. David Rosenthal, where do we dive in? Well, first off, we owe a huge thank you to Joshua Robinson and Jonathan Clegg, who are the sports editors over at The Wall Street Journal, and just recently published, I think the best business history book of Formula 1 called The Formula. It was one of the main sources for this episode, and they both actually helped us in the research, so thank you guys. So Ben, Formula 1, as we know it, really started after World War II in 1950, but unlike a traditional company or even many of the sports leagues that we've studied over the years, it doesn't have an exact sort of founding moment. Its origins are really part and parcel with the beginning of motor racing itself. It didn't take long after the invention of the modern automobile, which is generally agreed upon to be by Carl Benz in Germany in the late 1800s, that people had the idea to start racing things. I mean, after all, people raced horses. Why wouldn't they race cars, too? Throughout the first few decades of the 1900s, various automobile clubs popped up across Europe, and they would host these races. They'd sell tickets and advertising to fund prize purses, and drivers and manufacturers would travel from all over the world to compete in these races. 1906, the Automobile Club of France, which was the largest in Europe at the time, hosts an inaugural race just to the southwest of Paris called Le Mans, L-E-M-A-N-S. And this group of organizers, they decided to call this Le Mans race by a very literal name in order to attract spectators and participants. They call it the Grand Prix de Le Mans, literally translated as the big prize. It's great. It carries all the way forward to this day.…

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