We Study Billionaires - The Investor’s Podcast Network
Business:Investing
TIP529: Joel Tillinghast & Uncovering the Art of Outperformance
On today’s episode, Clay Finck reviews Joel Tillinghast’s book, Big Money Thinks Small, and does analysis on two companies built around acquisitions - Brown and Brown Insurance and Constellation Software.
Joel is an incredible long-term investor as he has consistently outperformed the market and currently manages around $70 billion at Fidelity. Peter Lynch, who hired Joel at Fidelity, has described Joel as “one of the greatest, most successful stock pickers of all time.”
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
06:04 - Why some level of speculation is required in every investment.
08:07 - What speculations are acceptable in Joel Tillinghast’s conservative investment approach.
10:34 - What you need to understand about a company prior to investing.
13:02 - Why Tillinghast avoids investing in gold.
20:20 - Why investing in countries with the fastest GDP growth rate isn’t a wise investment strategy.
29:52 - Clay’s insights into two acquisition-focused companies - Brown and Brown Insurance and Constellation Software.
37:27 - Why Constellation Software may be worth further investigation for stock pickers interested in high quality businesses.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
SPONSORS
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!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Create your
podcast in
minutes
It is Free