2024-11-08
1 小时 11 分钟You're listening to tip.
On today's episode, I'm joined by Andrew Brinton to discuss his biggest investing lessons from beating the market over the past 25 years.
Andrew is the CEO and co founder of Turtle Creek Asset Management.
Since its inception in 1998, Turtle Creek has achieved an average annual return of 20.3% versus just 8.3% for the S&P 500.
$10,000 invested into their fund at inception would have grown to over 1.2 million doll of September 30, 2024 and had that money been invested in the S&P 500, it would have been worth around $75,000.
During this conversation we'll cover the fundamental drawbacks of a buy and hold investment strategy, why the stock market in the US is becoming less efficient over time, how Andrew thinks about allocating to AI and software businesses in his portfolio, how Turtle Creek manages risk investing in the stock market and why they added Kinsale Capital to their portfolio this year, and what keeps Andrew going after 30 years in the investment industry.
Andrew's one of the more impressive investors I've had the pleasure of bringing onto the show.
So I really hope you enjoy our.
Conversation.
Celebrating 10 years and more than 150 million downloads.
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Since 2014 we studied the financial markets and read the books that influenced self made billionaires the most.
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Now for your host Clay Fink.
Welcome to the Investors Podcast.
I'm your host Clay Fink and today we welcome back Andrew Brenton from Turtle Creek Asset Management.
Andrew, it's great to see you again.
It's great to be here Clay.
It's been about a year since we last spoke and since then you've crossed the 25 year mark with your fund and you've put up return of 20% per annum while the S&P 500 has had a total return of around 8%.
And I'm not sure what the statistics are on how many Investment firms last 25 years, but my guess is the number is quite low.