We Study Billionaires - The Investor’s Podcast Network

RWH049: Crushing The Market Over 50 Years w/ Jay Bowen

112 snips
Sep 1, 2024
Guest
Jay Bowen
Jay Bowen, President & CIO of Bowen, Hanes & Company, shares his extraordinary investment journey over five decades, transforming a pension fund into a financial powerhouse. He reveals the secrets of his top-down thematic investment approach and the importance of betting on outstanding CEOs. Jay's insights on avoiding bond investments for true long-term growth and his strategies for thriving during market turbulence are particularly enlightening. Plus, he draws parallels between endurance sports and resilient investing.
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ANECDOTE

Pension Fund Origins

  • In 1974, Jay Bowen's father took over a tiny pension fund for Tampa's firefighters and police officers.
  • It had only $12 million in assets and was potentially headed towards bankruptcy.
INSIGHT

Exceptional Stock Portfolio Performance

  • The fund achieved impressive returns with a mix of stocks and bonds.
  • However, their stock portfolio alone achieved a staggering 81,000% cumulative return over 50 years.
ADVICE

Long-Term Investing and Low Fees

  • Invest patiently with a long time horizon.
  • Keep fees exceptionally low to maximize returns.
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