Investment Insights and Simplicity

This chapter features an engaging conversation with the chief investment officer of Findlay Park, who shares insights from 25 years of consistently outperforming investment strategies, particularly through the Findlay Park American Fund. The discussion covers pivotal moments like the 1987 stock market crash that shaped the guest's approach to managing risk and emphasizes the importance of mentorship and simplicity in investment philosophy. By advocating for a single fee structure, the chapter illustrates how clarity and focus contribute to delivering strong performance and transparency for clients.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

In this episode, William Green chats with Anthony Kingsley, who oversees more than $10 billion at an investment firm named Findlay Park. Anthony is the portfolio manager of the Findlay Park American Fund, which has crushed its benchmark index by 1,200 percentage points over 25 years. Here, he discusses his firm’s surprisingly simple path to exceptional returns.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:09 - What Anthony Kingsley learned from his great mentor, James Findlay.

07:22 - Why their firm, Findlay Park, lives by the mantra “Keep it simple.”

10:38 - How the firm structures its fees to be simple & fair.

19:02 - Why the key to long-term success is avoiding disaster.

18:06 - How Anthony harnesses diversification to reduce stress.

24:19 - How to incentivize a team of equity analysts.

27:40 - How he avoids repeating common investment mistakes.

39:53 - How he developed his 28-point investing checklist.

41:07 - Why he focuses intensely on analyzing corporate culture.

45:46 - Why it’s perilous to dismiss or ignore ESG.

53:54 - Why he never invests in biotech or pharma.

54:53 - Why he’s more excited about mid-caps than mega-caps.

1:01:10 - What makes the US a wonderful market for investors.

1:10:08 - Why he’s optimistic about the UK’s economic future.

1:14:51 - How he balances work, family, & play.

1:42:08 - What role luck has played in his success.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Anthony Kingsley’s investment firm, Findlay Park.
Atul Gawande’s book The Checklist Manifesto.
Matthew Walker’s book Why We Sleep.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
Follow William Green on X (AKA Twitter).
Check out the books mentioned in the podcast here.

NEW TO THE SHOW?

Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

River
Toyota
Range Rover
Fundrise
AT&T
The Bitcoin Way
USPS
American Express
Onramp
SimpleMining
Public
Vacasa
Shopify

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app

Home Top podcasts Popular guests