We Study Billionaires - The Investor’s Podcast Network TIP592: Outperforming the Market since 1998 w/ Andrew Brenton
56 snips
Dec 8, 2023 
In a discussion with Andrew Brenton, CEO and co-founder of Turtle Creek Asset Management, listeners learn about the firm's impressive 20% annual return since 1998. Andrew explains how his background in private markets shaped his public investing strategy. He shares insights into Turtle Creek’s focus on mid-cap companies, the risks of overpaying, and their unique approach to value investing. Case studies, such as Automation Tooling Systems, highlight their disciplined portfolio management and commitment to continuous improvement.
AI Snips
Chapters
Transcript
Episode notes
Unique Approach to Value Investing
- Brenton developed his value investing approach through direct experience, not by studying others.
- He emphasizes a fundamental approach based on the present value of cash flows.
Finding the Right Company
- Find unique, one-of-a-kind companies.
- These are more likely to be mispriced, offering greater investment opportunities.
Mid-Cap Focus
- Turtle Creek focuses on mid-cap companies ($2B-$25B).
- This allows access to management and reveals attractive valuations.