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We Study Billionaires - The Investor’s Podcast Network

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

Sep 1, 2024
02:15:30
Snipd AI
William Green interviews Harold J. (‘Jay’) Bowen III, the seasoned President & CIO of Bowen, Hanes & Company, renowned for achieving remarkable investment returns over five decades. Jay shares how he transformed the Tampa Firefighters’ & Police Officers’ Pension Fund into a financial powerhouse with a staggering 81,000% cumulative return. He discusses the importance of low fees, the power of extraordinary CEOs, and why long-term investors should avoid bonds. Plus, learn how endurance sports have shaped his resilient investing approach.
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Podcast summary created with Snipd AI

Quick takeaways

  • Jay Bowen emphasizes the importance of a long-term investment horizon, focusing on patience and compounding to achieve extraordinary returns.
  • The success of the Tampa Pension Fund is attributed to the strong, trust-based relationships built with fund trustees over decades.

Deep dives

Legacy of Long-Term Success

The podcast highlights the extraordinary legacy of Harold J. Bowen III and his father in growing a pension fund from $12 million in 1974 to $3.1 billion today, illustrating the power of long-term investing. This phenomenal growth, including $1.8 billion in payouts, underscores their exceptional annualized return of approximately 11.7% over five decades. The stock portfolio, which achieved an annualized growth rate of 14.4%, represents an incredible cumulative return of over 81,000%, emphasizing the importance of patience and compounding in wealth accumulation. The father-son team’s success story serves as an inspiring example for both amateur and professional investors alike.

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