Recorded on August 25 2026 at NRS Studios
Inside Ownership 100 ETF
Ticker OWN
Exchange Cboe BZX
Andy Millette sits down with Haren Bhakta, Founder & CEO of Inside Ownership Index, to examine why executive ownership may be one of the strongest signals investors overlook. Haren explains the Inside Ownership 100 ETF OWN, which uses the S&P 500 as its eligible universe and selects and weights 100 companies using inside ownership value rather than traditional market capitalization. He traces the investment idea to Warren Buffett and Berkshire Hathaway and questions why a free-float-adjusted index can behave differently as an iconic owner leaves a company. The conversation moves through General Motors, IBM, GE, Apple, Amazon, Tesla and NVIDIA to explore how founder-led and owner-operator leadership can influence innovation, capital allocation and corporate culture. Haren also discusses Jeff Bezos and Amazon decision-making, Warren Buffett as a capital allocator, CEO compensation, customer obsession and the importance of focus. The interview closes with Haren's power-law thesis, his review of 100-bagger stocks and his warning that ownership is a major green flag but not a complete investment answer. #Millettian
Key Topics
Inside Ownership 100 ETF and ticker OWN
Inside ownership versus market-cap weighting
Warren Buffett and Berkshire Hathaway
Founder-led and owner-operator leadership
General Motors, IBM, GE and Apple leadership transitions
Elon Musk, Jeff Bezos and innovation
CEO compensation and shareholder alignment
Amazon culture and customer obsession
Power-law investing and 100-bagger stocks
Why ownership alone is not a panacea
Haren Bhakta and Inside Ownership
Website https://insideownership.com/
Inside Ownership 100 ETF https://insideownership100.com/
LinkedIn https://www.linkedin.com/in/harenbhakta/
Instagram https://www.instagram.com/haren.bhakta/
Facebook https://www.facebook.com/profile.php?id=61576309743707
Host Andy Millette Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube World https://www.youtube.com/@NaturalResoureStocksWorld
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/theandymillette
LinkedIn https://www.linkedin.com/in/andymillette/
NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
NRS TikTok https://www.tiktok.com/@natural.resource.stocks
NRS Instagram https://www.instagram.com/naturalresourcestocks/
Chapters
00:00 Warren Buffett and the ownership problem 01:04 Andy welcomes Haren Bhakta 01:13 Inside Ownership 100 ETF OWN 02:27 How Warren Buffett inspired the idea 04:13 What happens when great leaders leave 05:36 IBM and leadership dominance 06:57 GE, Apple and succession 08:47 Founder leaders versus hired CEOs 09:30 Why innovation fails by committee 10:34 Elon Musk and first-principles innovation 11:14 Zoo lions versus wild lions 12:40 What makes a great CEO 14:50 Steve Jobs and Jeff Bezos examples 16:29 Amazon's two-pizza and no-PowerPoint meetings 18:32 Confrontation, debate and truth 19:56 CEO compensation and alignment 21:06 Obsession, motivation and leadership 23:42 Culture and customer obsession 25:21 Power law, leadership and focus 27:14 Inside Ownership 100 ETF recap 27:58 Why a small minority of stocks drive wealth 29:21 What Haren found in 100-bagger stocks 31:18 Why ownership is not a panacea 32:06 Closing thoughts
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