Kyle Grieve spoke with Larry Connor about the importance of being different for success, thoroughly exploring opportunities, investing counter-cyclically, and staying true to core values. Larry Connor founded The Connor Group in 1992 with $400,000 and one investor. Today, the business has over 1,300 investors and $5 billion in assets, operating in 18 markets across the United States. Larry also founded The Connor Group Kids & Community Partners, a non-profit organization supporting underprivileged children in communities where The Connor Group operates. IN THIS EPISODE YOU’LL LEARN: 00:00:00 - Intro 00:02:17 - Why process is so essential in the refining process for filtering ideas 00:06:19 - The power of thinking of assets as operating businesses 00:09:13 - Why Larry looks to purchase train wreck operations, he can optimize at the highest possible rates 00:15:02 - How utilizing counter-cyclicality is vital to outperformance 00:18:51 - Why you should position your business to grow during economic turmoil 00:28:54 - Why think of failure as a learning experience, and why failing is necessary to have exceptional returns 00:33:36 - The importance of people, plan, process, and perseverance in the success equation 00:34:10 - The importance of treating employees as owners and how Larry successfully aligned incentives 00:38:10 - Why being unconstrained from conventional thinking is so important 00:43:25 - Why long-term thinking has been so powerful for building conviction during economic downturns and how that long-term thinking has been vital to success 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 📊 Add the Fundrise Flagship Fund to your portfolio in just minutes and with as little as $10. https://fundrise.com/wsb 📚 Start accelerating your learning journey today. Sign up and listen to Richer, Wiser, Happier for free at https://theinvestorspodcast.com/audible 💰 Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ ▶️ RELATED EPISODES: - Winning the Long Game: Global & Contrarian Value Investing w/ Soo Chuen Tan: https://youtu.be/k_w7zvU9mAg - Contrarian Investing & Sir John Templeton w/ Scott Phillips: https://youtu.be/S8OXA2XIrNY - The BIGGEST Real Estate Owner In America: Investing Masterclass w/ Sam Zell: https://youtu.be/hmYjBWkjW9A - The Most Important Thing by Howard Marks w/ Clay Finck & Kyle Grieve: https://youtu.be/z9pya7x9KCE - What I’ve Learned From Warren Buffett & Charlie Munger w/ Chris Davis: https://youtu.be/Oeo66H4lM-g 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/unconventional-value-contrarian-thinking-and-outperformance-w-larry-connor/ 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/  📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.