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TIP522: Unconventional Wisdom From The Greatest Minds In Investing w/ Joseph Shaposhnik

Feb 10, 2023

Joseph Shaposhnik, Portfolio Manager at TCW and former Fidelity analyst, shares unconventional investment strategies shaped by legendary mentors. He discusses outperforming benchmarks and the significance of predictability in investments. Insights on top holdings like Constellation Software and FactSet reveal the importance of cash flow and insider ownership. Shaposhnik also challenges traditional wisdom, advocating for a focus on quality businesses and adaptability in the ever-changing market landscape. Intriguing anecdotes, including a conversation with Bill Gates, add depth to his investment philosophy.

56:33

Episode guests

Joseph Shaposhnik

Highlights

AI Chapters

Episode notes

The Unconventional Lesson of Compounding Machines

01:31

Where Did Buffett Go Wrong With Precision Cast Parts?

02:27

Intro

2min

Lessons from a Legendary Investor

18min

Challenging Conventional Investment Wisdom

4min

Investing in Predictability

15min

Market Resilience: Analyzing Stock Performance Post-Pandemic

5min

Valuation in Mature Tech and Investment Strategies

15min

Investing Insights and Podcast Engagement

2min

Trey chats with Joseph Shaposhnik. Joseph is the Portfolio Manager of TCW’s New America Premier Equities Fund. Joseph also serves as a Senior Equity Analyst in the equity research group with coverage responsibility for the industrials and basic materials sectors. Before joining TCW in 2011, he was an Equity Research Associate at Fidelity, focusing on the semiconductor and entertainment software sectors.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:52 - Unconventional wisdom and strategies that Joseph has learned from working under Joel Tillinghast, Will Danoff and under mentorship from Brian Jellison.

28:40 - How he has shaped his strategy for his fund that has outperformed it’s benchmark by 3.5% since inception.

37:16 - An overview of some of the funds top holdings, including Constellation Software, Factset and Broadcom.

50:17 - Insights from Buffett’s investment in TSM and Precision Castparts.

And a lot 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, and the other community members.
TCW New America Premier Equities Fund.
Joseph Shaposhnik Linkedin.
Trey Lockerbie Twitter.
Related Episode: Listen to Fidelity Legend Joel Tillinghast - RWH017 or watch the video.

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