In today's episode, Kyle Grieve chats with Jason Donville and Jesse Gamble about their investing philosophy, their emphasis on focusing on growth and value, their evolution from using ROE-focused metrics to the rule of 40 to identify great investing opportunities, how to use the rule of 40 to add high performing businesses to a watchlist, how the market reacts to interest rates, AI impact on the business landscape, and much more!

Jason Donville is an award-winning analyst with a distinguished career in Asia and Canada. He previously served as Head of Equity Research at Credit Lyonnais Securities Asia and Research Director at Credit Suisse First Boston, working in Singapore and Jakarta before joining Sprott Securities in Toronto. His research has traditionally focused on identifying high-ROE companies. Jason holds a BA from the Royal Military College of Canada and an MBA from Ivey Business School.

Jesse Gamble has worked closely with Jason to manage the DKAM Capital Ideas Fund since 2011. Jesse received an MBA from the Ivey Business School at Western University and a B.Sc. degree from the Dyson School of Economics at Cornell University.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:42 - The hidden formula for finding cheap stocks.

07:53 - The secret to spotting a deteriorating moat.

10:45 - How elite investors stay focused in a bear market.

13:37 - The evolution of a winning investment strategy.

27:41 - The untapped goldmine in small-cap stocks.

31:39 - Why the market consistently misprices quality growth.

31:39 - The Rule of 40: your cheat code for finding long-term winners.

36:11 - A playbook for finding 10-bagger stocks.

56:47 - The AI revolution: where the real business impact is happening.

56:47 - Why there’s more cash on the sidelines than ever.

And so much more!

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

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
• Read DKAM’s Investor Letters here.
• Listen to my first interview with Jason and Jesse here.
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