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

We Study Billionaires - The Investor’s Podcast Network

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.
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