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Far From The Finishing Post
Far From The Finishing Post explores the ideas and practices of leading investors in an effort to continuously grow our collective knowledge. This podcast is intended for UK listeners only. The views and information contained within this podcast do not constitute investment advice and should not be used as the basis for investment decisions. Any reference to securities should not be construed as a recommendation to buy or sell these securities. Any opinions expressed are those of the relevant individuals and do not necessarily reflect the views of Troy Asset Management and may be subject to change without notice. Past performance is not a guide to future performance and the value of an investment may fall as well as rise.
Episodes
31 episodes
Seth Brennan (Lincoln Peak Capital) - Partnership, Autonomy, Alignment
Seth Brennan is co-founder of Lincoln Peak Capital, which owns minority stakes in several asset management companies, including Troy. We discuss Lincoln Peak's long-term partnership model and the importance of autonomy and a strong alignment of...
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Episode 31
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40:12
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Matthew McLennan (First Eagle) - Investing for Resilience
Matthew McLennan is co-head of First Eagle’s Global Value team and one of the portfolio managers of Global Value, a strategy that has delivered strong long-term compound returns. We discuss the importance of humility and patience, why res...
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Episode 30
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46:20
Gabrielle Boyle & George Viney (Troy) - Patient Improvement
Gabrielle Boyle and George Viney co-manage Troy’s Global Equity strategy. We discuss why the market persistently underestimates the compounding power of rare and exceptional companies, the importance of recognising one’s biases and strivi...
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Episode 29
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36:14
Dan Davidowitz (Polen Capital) - Compounding Made Simple
Dan Davidowitz is lead portfolio manager of Polen Capital’s Focus Growth strategy. We discuss Dan’s evolution as an investor, Polen’s investment guardrails, and other factors that have helped the strategy deliver exceptional returns over ...
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Episode 28
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47:12
Robbie Robertson (Personal Assets Trust) - Trust Matters
In this episode we speak to Robbie Robertson. Robbie is on the Board of Personal Assets Trust and spent a nearly 40-year career in the investment trust industry. We discuss the evolution of the investment trust industry, the advanta...
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Episode 27
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41:46
Jim Strang (HgCapital Trust) - Building an Experience Curve in Business Software
In this episode we speak to Jim Strang, Chairman of HGCapital Trust. The Trust has an outstanding track record investing in business-to-business software companies. We discuss the evolution in private markets over Jim’s career, the ...
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Episode 26
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41:39
Stuart Widdowson (Odyssean Capital) - Concentrating on UK Smaller Companies
Stuart Widdowson founded Odyssean Capital, is co-manager of the Odyssean Investment Trust, and has a wealth of experience investing in UK-listed smaller companies. We discuss the lessons Stuart has applied to public equity investing from ...
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Episode 25
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47:53
Oddbjørn Dybvad (REQ Capital) - Acquisition-driven Compounders
In this episode we speak to Oddbjørn Dybvad, co-founder of REQ Capital, an Oslo-based investment firm. Oddbjørn manages REQ’s Global Compounders and Nordic Compounders funds, which focus on acquisition-driven businesses. We discuss ...
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Episode 24
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40:48
Kiril Sokoloff (13D Research) - An Insidious Environment
Kiril Sokoloff founded 13D Research in 1983 and is a leading global investment strategist who has presciently called a number of major paradigm shifts over the last 40 years. We discuss Kiril’s career, why the current investment backdrop ...
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Episode 23
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43:44
Prashant Khemka (White Oak) - A High-Performance Culture in Indian Equities
Prashant Khemka has a strong track record managing capital in India and global emerging markets. He established Goldman Sachs Asset Management’s India franchise in 2006, was lead portfolio manager of Goldman’s India Equity and Global Emerging M...
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Episode 22
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39:24
Paul Major (Bellevue) - Innovations To Fix a Broken System
Paul Major co-manages the Bellevue Healthcare Trust and has a wealth of experience of the healthcare industry. We discuss how healthcare has evolved, why existing healthcare systems are fundamentally challenged, and the approach Paul take...
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Episode 21
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46:45
Blake Hutchins (Troy) - The Sweet Spot for UK Equity Income
Blake Hutchins manages the Trojan Income Fund and is co-manager of the Troy Income & Growth Trust. We discuss the changing investment environment, why it could be good for high-quality, dividend-paying companies, and where Blake is fi...
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Episode 20
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31:31
Swetha Ramachandran (GAM) - Luxury's Broadening Appeal
Swetha Ramachandran manages GAM's luxury brand strategy and knows the luxury industry inside out. We discuss Swetha's definition of luxury, the pre-eminence of European brands, the rise of China and how the industry is evolving. &n...
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Episode 19
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44:51
Ben Rogoff (Polar Capital) - The Importance Of Not Missing Out
Ben Rogoff is co-head of Polar Capital's Global Technology team. Having joined the industry just before the technology bubble of the late 1990's and early 2000's, Ben has a wealth of experience navigating different market cycles. We...
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Episode 18
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45:31
Gerard Minack (Minack Advisors) - The End of Secular Stagnation
Gerard Minack has a wealth of experience as a macro strategist and founded Minack Advisors in 2013. Gerard has been particularly prescient over the last 18 months, highlighting the probability of rising inflation and higher interest rates...
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Episode 17
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41:32
Andrew Brenton (Turtle Creek) - A Different Kind Of Value Investing
Andrew Brenton co-founded Turtle Creek, a Toronto-based asset manager, in the late 1990s. Since its inception, Turtle Creek has delivered outstanding returns by investing in mid-sized companies in the US and Canada. We discuss Andre...
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Episode 16
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40:23
Richard de Lisle (De Lisle Partners) - The Greatest Game
Richard de Lisle, founder of De Lisle Partners, has significantly outperformed US equity markets over the last 27 years by investing in US small-cap value stocks. We discuss what value investing means to Richard, his focus on themes and t...
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Episode 15
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34:37
Katie Potts (Herald Investment Management) - An Evangelist For Smaller Companies
Katie Potts founded Herald Investment Management and has managed the Herald Investment Trust since 1994, generating strong returns by investing in smaller companies across the telecom, multimedia and technology sectors. We discuss Katie's...
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Episode 14
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34:45
Charlotte Yonge (Troy) - Keeping It Real
Charlotte Yonge manages the Trojan Ethical Fund and is assistant fund manager of the Trojan Fund and Personal Assets Trust. We discuss the risks of higher inflation and ways to preserve and grow the real value of investors' capital. ...
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Episode 13
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45:48
Nick Train (Lindsell Train) - The Patient Optimist
Nick Train founded Lindsell Train, alongside Michael Lindsell, in 2000 and has generated outstanding returns by investing in a concentrated portfolio of exceptional companies. In a rich and varied discussion, Nick talks about the power of...
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Episode 12
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44:01
Ashish Swarup (Aikya) - Soul In The Game
Ashish Swarup is an experienced emerging market investor and the founder of Aikya, a boutique focused on high-quality and durable companies managed by competent and trustworthy people. Ashish discusses some of the pitfalls of investing in...
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Episode 11
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44:04
James Harries (Troy) - Exercising Discipline For Global Dividend Growth
James Harries has a wealth of experience as a global income investor and manages the Trojan Global Income Fund and Securities Trust of Scotland. James talks about his journey from Royal Military Academy Sandhurst to a career in investing,...
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Episode 10
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44:04
Sanjay Ayer (WCM) - Think Different, Get Better
Sanjay Ayer is a portfolio manager at WCM Investment Management, a California-based asset manager investing in good quality companies with strong cultures and improving competitive moats. Sanjay talks about his evolution as an investor, h...
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Episode 9
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47:06
Brinton Johns (NZS Capital) - Adapting To A Complex World
Brinton Johns is a co-founder of NZS Capital, a US-based investment boutique applying lessons from nature to invest in companies with the capacity to thrive in a complex adaptive world. As the future is inherently unpredictable, Brinton a...
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Episode 8
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46:03
Gabrielle Boyle (Troy) - An Outsider's Advantage
In this episode of Far From The Finishing Post we speak to Gabrielle Boyle. Gabrielle heads up Troy's investment research and manages the Trojan Global Equity Fund and Electric & General Investment Fund. Gabrielle discusses her ...
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Episode 7
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37:15