Björn Fahlén is the refounder, principal shareholder, Chief Investment Officer, and CEO of Redeye. Our conversation focuses on his book "Quality First Investing: A checklist approach to finding and sitting tight in multibaggers". We talk about his investor journey, company quality, portfolio management, behavior, and much more.
The episode was recorded on Thursday, February 3, 2022. For more info about the podcast, go to the episode page.
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Episode Chapters
(00:00) Intro to Björn Fahlén
(09:11) Intro to Quality First Investing
(12:22) Thematic/Top-Down vs Bottom-Up Investing
(15:36) Quality in People, Business, and Financials
(27:13) Applying the checklist
(31:26) Risk vs Uncertainty
(34:07) Why quality companies often are underpriced
(36:39) Rating questions that management often fails
(39:19) Redeye’s fund and Top Picks portfolio
(44:04) Special situations
(48:21) Overpaying and Margin of Safety
(49:43) Dealing with overconfidence
(53:31) The ugly side of compounding
(54:43) Most influential books
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Books Mentioned
- Quality First Investing - Björn Fahlén
- 100 to 1 in the Stock Market - Thomas Phelps
- 100-Baggers - Chris Mayer
- How to Profit from Special Situations in the Stock Market - Maurece Schiller
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More on Björn Fahlén
LinkedIn: https://se.linkedin.com/in/bj%C3%B6rn-fahl%C3%A9n-4a631265
Email: bjorn@redeye.se
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About the podcast
Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books
Twitter: https://twitter.com/IB_Redeye
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What is Investing by the Books?
Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.
Visit the website: http://www.investingbythebooks.com/
Follow on Twitter: https://twitter.com/Investbythebook
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What is Redeye?
Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.
Visit the website: https://www.redeye.se/
Follow on Twitter: https://twitter.com/Redeye_
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Disclaimer
Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se
