TIP755: My Process for Finding Great Investments w/ Kyle Grieve
We Study Billionaires - The Investor’s Podcast Network
Concentration, Circle of Competence, Geography, Metrics
Kyle explains his concentrated 8–13 holding approach, Monish Pabrai’s 10-by-10 inspiration, building and expanding a circle of competence, home-country bias, and measuring success via owner's earnings.
On today’s episode, Kyle Grieve discusses the lessons that shaped his investing philosophy, from painful early mistakes in crypto to building a disciplined framework focused on quality businesses and high-potential, undervalued microcaps. He shares how goals, temperament, and a business-owner mindset guide his decisions, and why compounding, capital efficiency, and management integrity are the cornerstones of his strategy.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro 02:16 - Lessons learned from the early days as a pure speculator. 08:40 - Kyle’s simple investing goal and the pros and cons of pursuing it. 09:16 - Why benchmarks are irrelevant to his approach. 14:00 - How adopting a business-owner mindset helps compound capital. 17:29 - The two categories of investments that form the foundation of his investing strategy. 18:21 - Why quality lies on a spectrum and why the highest quality business isn’t always the best investment choice. 19:33 - The importance of skilled and aligned management. 32:21 - The three main reasons Kyle sells a stock. 36:10 - How to combat confirmation bias and the sunk cost fallacy. 38:24 - Why averaging up has been more effective than averaging down.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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