Richard Oldfield - Simple But Not Easy

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.2 • 1.1K Ratings

🗓️ 5 December 2022

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“The commitment and the patience that you need are two of the real attributes of proper investment.”

In this episode, author and value investor Richard Oldfield joins Cole to discuss his book, Simple But Not Easy: A Practitioner's Guide to the Art of Investing. Richard’s book provides investors a commonsense approach to investing and provides stock pickers, of all experience levels, with ways to model their decisions. The conversation covers stocks vs. bonds, hedge funds, market conditions, the art of value investing and more.

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to A Book with Legs, a podcast presented by Smead Capital Management.
0:08.0	At Smead Capital Management, we advise investors who fear stock market failure.
0:12.9	You can learn more at Smeadcap.com or by calling your financial advisor.
0:18.2	Welcome to a book with legs podcast. I'm Cole Smead. I'm the president and a portfolio
0:22.9	manager here at Smead Capital Management. At our firm, we are readers and book junkies. It can be
0:28.2	said that leaders are readers and we believe books provide us a great source of information
0:32.4	for filtering what is and isn't important for us as investors. Investing is the last great liberal art and the best way to spend a lifetime of learning.
0:40.9	This podcast is for readers, thinkers, business-minded people and investors who want to grow their
0:46.2	knowledge from great authors and their writing.
0:48.6	Charlie Munger often talks about using multiple mental models and analysis.
0:52.8	Our aim for this podcast is to help listeners,
0:55.0	test mongers theory in business, markets, and people. Thank you for joining us for this episode.
1:01.0	We are going to discuss the investment writing from the mid-2000s and look back to what is
1:06.3	timeless in investing. Joining me today is Richard Oldfield to discuss the second edition of his book,
1:12.4	Simple but Not Easy. To give all of our listeners a little background on Richard, he is the founder,
1:18.4	a partner, and a non-executive director of Oldfield Partners, where he was CEO until 13 and chairman
1:23.4	until 2022. Prior to that, he was the CEO of Alta Advisors. He joined that firm in 96 through 05.
1:30.9	He started his career at S.G. Warburg, eventually becoming part of Mercury asset management,
1:36.7	not far before it was purchased by Merrill Lynch. So Richard, it's great to visit with you today. Can I, do you mind if I tell you
1:46.5	how I came across your writing? No, do, cool. Very good to be with you. Do tell. We had just brought
1:53.1	a new colleague on in London. His name actually happens to be Richard as well. And he mentioned your
1:58.2	name and your book. And to be downright honest, and I feel bad even saying
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Smead Capital Management, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Smead Capital Management and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.