TIP532: Insights From A Reclusive Investment Firm w/ Graeme Forster

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 10 March 2023

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Trey chats with Dr. Graeme Forster. Together they discuss the success of legendary investors such as Jim Simons & Orbis' founder Allan Gray, Graeme's shift from mathematics to value investing, and much more! Graeme is the Director and Portfolio Manager of Orbis, which currently manages around $30B. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:30 - Graeme’s journey from mathematics to value investing, & exploring legendary investors like Jim Simons. 26:14 - How Orbis’ founder and billionaire Allan Gray’s investing flexibility led to his success. 36:35 - How Graeme balances the macro with a bottoms up approach. 52:11 - A thesis which Graeme calls the Great Misallocation. 58:40 - How good & cheap companies outperform especially during bear markets. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. The Theory of Poker by David Sklansky. Fooled by Randomness by Nassim Nicholas Taleb. The Price of Time by Edward Chancellor. The Psychology of Money by Morgan Housel. Trey Lockerbie's Twitter. Check out: Orbis. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Fundrise AT&T The Bitcoin Way USPS American Express Onramp SimpleMining Public Vacasa Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TI-P.
0:03.3	We have a very special guest today and that is Dr. Graham Forster.
0:07.4	Graham is the managing director of Orbus, which currently manages around $30 billion.
0:12.8	Graham attained a master's in mathematics from Oxford and a PhD in mathematical epidemiology
0:17.9	and economics from Cambridge.
0:19.9	In this episode you will learn, Graham's journey from mathematics to value investing, exploring
0:24.3	legendary quant investors like Jim Simons along the way, how Orbus' founder billionaire
0:28.9	Alan Gray's investing flexibility led to his success, how Graham balances the macro
0:33.6	with a bottoms-up approach, a thesis which Graham calls with the great misallocation, how
0:38.5	good and cheap companies can outperform especially during bear markets and a whole lot more.
0:43.0	Orbus is a global investment management firm but they're not big self-promotors, so
0:47.0	you won't find many interviews with someone like Graham.
0:49.6	We're lucky to have him and it was a delightful discussion, so without further delay, here's
0:53.6	my conversation with Dr. Graham Forster.
1:00.4	You are listening to the Investors Podcast, where we study the financial markets and read
1:05.4	the books that influence self-made billionaires the most.
1:08.6	We keep you informed and prepared for the unexpected.
1:20.5	Welcome to the Investors Podcast, I'm your host, Trey Lockerby, and like I said at the
1:23.8	top, I am here with Graham Forster from Orbus Graham.
1:27.1	As far as I can tell, you don't do many of these, so I am very excited to have you and
1:30.8	getting the word out about you and Orbus and what you guys are doing because it's really
1:34.3	interesting.
	...

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