RWH036: The Power Of Simplicity w/ Anthony Kingsley
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 12 November 2023
⏱️ 106 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.0 | Hi there, I'm thrilled to introduce today's guest Anthony Kingsley. |
| 0:07.0 | He's the chief investment officer at an English firm called Findley Park, |
| 0:11.0 | which focuses exclusively on investing in U.S. stocks. |
| 0:14.6 | Anthony oversees more than $10 billion in assets as the portfolio manager of the |
| 0:19.6 | Findley Park American Fund. |
| 0:21.8 | Over the last 25 years, the Fund has crushed its benchmark index, the Russell 1000, by a total of |
| 0:28.2 | more than 1,200 percentage points. |
| 0:31.0 | It's a remarkable feat of outperformance and so my goal in this episode of the |
| 0:35.8 | podcast is to explore in depth how the firm has generated these stellar returns. |
| 0:41.1 | What fascinates me is that Anthony, |
| 0:44.6 | and a brilliant predecessor of his name James Findley, |
| 0:48.0 | have achieved this success in a surprisingly simple way. |
| 0:52.0 | As you'll hear, Finley Park has one fun, one strategy and one team based in one place. |
| 0:59.4 | They vest in one country and one asset class and they charge just one fee which is non-negotiable. |
| 1:06.0 | You pay the same fee whether you're a big client or a small client and in fact Anthony pays |
| 1:10.6 | the same fee too which is both simple and fair. |
| 1:14.5 | This very consistent emphasis on keeping things simple is a beautiful example of a theme I wrote |
| 1:20.7 | about at some length in my book, Richard, Why's a Happier, in a chapter titled, |
| 1:25.5 | Simplicity is the ultimate sophistication. |
| 1:29.0 | What I came to realize from my interviews with investing giants like Joe Greenblatt, Will Danoff, Jack Bogle, and |
| 1:36.1 | Bill Miller, is that it's a tremendous advantage to have a few simple, robust guiding principles that you can stick with through thick and thin, |
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