The One Percent Show with Vishal Khandelwal Ep. 33: Kenneth Andrade on Spotting Great Businesses, Market Cycles, and Playing the Long Game of Investing
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Jul 21, 2024 Kenneth Andrade, Founder of Old Bridge Capital Management, discusses spotting great businesses, navigating market cycles, and playing the long game of investing. He shares insights on enduring business models, the corporate cycle, Indian market potential, and coping with the demands of money management.
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Formative Years
- Kenneth Andrade's formative investment years were 1985-1991, the pre-liberalization era in India.
- He learned valuable lessons during this period of market volatility.
Capital Efficiency
- Kenneth Andrade's investment philosophy centers on capital efficiency.
- He learned from the dot-com bubble and 2008 crisis to avoid indiscriminate stock prices.
Investment Parameters
- Look for companies gaining market share without increasing capital employed.
- Prioritize businesses with low leverage and reasonable valuations during down cycles.