AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Gary Channon (Phoenix Asset Management) - Experiments In Value Investing
Far From The Finishing Post
The Importance of Management
We look for businesses that can make at least 15% on their real capital. It's not enough to say it's in the accounts en. Why was it? Why won't it end next year? And then for phoenix, as an extra thing, because we test it, it's got to be observable in the d we need to see it in action. But most of those long term returns, if you' going to hold it for a long peri of time, will come from retain capital. So it really matters who's running it. I suppose my view about the importance of management has gone up and up for 23 years. They've got a good machine, do they
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode