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 striving to learn and improve as investors, and why Gabrielle and George work so well together as a team.
Show notes:
[01:26] Why the market persistently underestimates the compounding power of rare and exceptional businesses
[02:41] Companies don’t compound in a linear way
[05:09] Having the right environment to sustain success
[08:55] How Gabrielle and George complement each other
[10:35] The importance of having an inner critic
[12:45] Continuous improvement
[14:24] Combining resilience with reinvestment potential
[16:10] Characteristics of special businesses
[18:35] Sell discipline
[20:41] Minimising biases and ensuring accountability
[24:39] Balancing strong operational performance with fair valuations
[27:32] A concentrated portfolio with broadly diversified businesses
[29:17] Troy’s broader team
[30:57] Cognitive diversity with shared values
[33:04] Confidence in the future
[34:29] Back your conviction
