TIP674: Outperforming the Market, Managing Risk, & Market Inefficiencies w/ Andrew Brenton

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 8 November 2024

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s episode, Clay is joined by Andrew Brenton to discuss his biggest investment lessons from beating the market over the past 25 years. Andrew Brenton 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 as of September 30th, 2024, and had that money been invested in the market, it would have been worth around $75,000. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:39 - The fundamental drawbacks of a buy-and-hold investment strategy. 10:58 - Why the stock market in the US is becoming less efficient over time. 28:48 - How Andrew thinks about allocating to AI and software businesses in his portfolio. 38:51 - How Turtle Creek manages risk investing in stocks. 52:55 - Why Turtle Creek added Kinsale Capital to their portfolio this year. 01:00:02 - What keeps Andrew going after 30 years in the industry. And so much more! 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, Kyle, and the other community members. Check out Turtle Creek Asset Management. Related Episode: Listen to TIP592: Outperforming the Market Since 1998 w/ Andrew Brenton, or watch the video. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 7-Eleven Toyota Connect Invest Miro TastyTrade Daloopa The Bitcoin Way Facet Public Fidelity Fundrise Onramp SimpleMining Bluehost ReMarkable Vanta Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! 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 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TIP.
0:02.9	On today's episode, I'm joined by Andrew Britton to discuss his biggest investing lessons from beating the market over the past 25 years.
0:10.8	Andrew's the CEO and co-founder of Turtle Creek Asset Management.
0:15.0	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.
0:24.6	$10,000 invested into their fund at Inception would have grown to over $1.2 million as of September 30th,
0:32.6	2024. And have that money been invested in the S&P 500, it would have been worth around $75,000.
0:40.8	During this conversation, we'll cover the fundamental drawbacks of a buy-and-hold investment
0:44.6	strategy, why the stock market in the U.S. is becoming less efficient over time, how Andrew
0:50.3	thinks about allocating to AI and software businesses in its portfolio, how Turtle
0:55.1	Creek manages risk investing in the stock market, and why they added Kinsale Capital to
1:00.0	their portfolio this year, and what keeps Andrew going after 30 years in the investment industry?
1:06.3	Andrew is one of the more impressive investors I've had the pleasure of bringing on to the show,
1:09.9	so I really hope you enjoy our conversation.
1:15.5	Celebrating 10 years and more than 150 million downloads.
1:19.7	You are listening to the Investors Podcast Network.
1:22.5	Since 2014, we studied the financial markets and read the books that influence self-made billionaires the most.
1:29.2	We keep you informed and prepared for the unexpected.
1:32.5	Now, for your host, Clay Fink.
1:39.0	Welcome to the Investors Podcast. I'm your host, Clay Fink, and today we welcome back, Andrew
1:48.5	Brenton from Turtle Creek Asset Management. Andrew, it's great to see you again.
1:52.9	It's great to be here, Clay.
1:54.7	So it's been about a year since we last spoke, and since then, you've crossed the 25-year mark
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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