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12 results for “growth investing”
Concept8 mentions across episodes
growth
Topic8 mentions across episodes
Growth investing
...between the growth and intrinsic value of the companies. Again, in aggregate for the twenty, twenty five major on and the performance, the portfolio itself. So but it takes more than a few months. We're talking years. There's a correlation over many
20:19 / 21:21
from transcript20:19 – 21:21
That doesn't usually bode well for the long term cultural success of the firm. So to us, the distinguishing characteristic in any investment has got to be determining what those core values are, what that what animates that culture, and and making su
13:31 / 14:39
from transcript13:31 – 14:39
...growth investors. We run 33 stock portfolio. First thing everyone's thinking is volatility. Right? Wow. You guys must you probably capture a 140% of the market when it's going up and but you get a 110 when it's going down. And interestingly, that's n
45:01 / 46:09
from transcript45:01 – 46:09
But from '96 to, 2024, the companies that we've owned grew earnings per share on average in aggregate at about 12% a year. They've given, let's say, a 1% dividend on average. So the intrinsic value of the companies we've owned over the years have gro
19:28 / 20:39
from transcript19:28 – 20:39
Again, our job is to think prospectively. So what's happened in the last ten, twelve years, you've had a lot more money flow into passive investments versus active investments, and you've had a lot of money flow into the platforms, which not to paint
46:23 / 47:35
from transcript46:23 – 47:35
The MAG seven is a phenomenon the way the Nifty fifty was a phenomenon. GMO, Jeremy Grantham likes to talk about mean reversion, but he's like, but I don't know how far away from the mean and I don't know when it's going to revert. That's one that I'
51:44 / 52:52
from transcript51:44 – 52:52
fully liquid benchmark that produces strong returns over time, there's not a lot of tolerance for being behind it. In many cases, there are, I don't know, a couple thousand stocks within ACWI, maybe more. And most of the long only managers that we in
51:54 / 53:34
from transcript51:54 – 53:34
who don't manage a lot of money. And so you look at areas like biotech and all the advances there on the long side and then on the short side, all sorts of companies that came into existence over the last few years of easy money that probably never s
47:03 / 48:23
from transcript47:03 – 48:23
And so can we invest in businesses at still higher than I'd probably prefer ten years ago multiples, but that are smaller businesses that managers can really add value. They can add acquisitions. They can grow the businesses. So then all of a sudden,
50:54 / 52:08
from transcript50:54 – 52:08
...growth. And I think the the way you framed it, Ben, that, you know, if a company does have employees that aren't driving the, I guess, level of growth that, you know, you'd be seeing in a hypergrowth firm, that's okay as long as it's hyper durable. A
11:53 / 13:14
from transcript11:53 – 13:14
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