We Study Billionaires - The Investor’s Podcast Network TIP522: Unconventional Wisdom From The Greatest Minds In Investing w/ Joseph Shaposhnik
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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.
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Danoff's Dedication
- Will Danoff displayed his dedication by posting a letter from an investor on his wall.
- The letter detailed how the investor was saving for their newborn's college fund, highlighting the impact of Danoff's work.
Investing with the Best
- Focus on businesses that are improving, and spend time understanding their operations.
- Invest with successful people, a strategy sometimes called "betting with billionaires."
The Burrito Question
- During a Chipotle IPO roadshow, Will Danoff asked management if they made burritos.
- This demonstrates Danoff's focus on ensuring management truly understood their business.