Inside the Rope with David Clark
Ep 25: John Hempton - Hunting Fraud
Oct 31, 2018
John Hempton, founder and chief investment officer of Bronte Capital, dives deep into the art of spotting great long-term investments and uncovering fraud. He shares his journey from tax policy to forensic accounting, showcasing a unique blend of expertise. The conversation unveils strategies for strategic ownership in giants like Costco and Amazon, along with insights into identifying enduringly profitable companies. Hempton also discusses the vital role of activist investors in exposing corporate misconduct, emphasizing the balance between passion and success in finance.
34:08
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- John Hempton emphasizes the importance of forensics and business understanding to identify long-term investment opportunities and fraudulent schemes.
- He outlines how activist short-sellers play a crucial role in exposing corporate fraud, ensuring accountability in the investment landscape.
Deep dives
John Hempton's Unique Background
John Hempton's professional journey is marked by significant experiences that shaped his investment philosophy. His work in tax policy at the Australian Treasury honed his forensic accounting skills, allowing him to navigate complex avoidance schemes and uncover accounting frauds. This expertise, combined with insights gained during his time at Platinum Asset Management, laid the groundwork for his investment approach at Bronte Capital. Hempton emphasizes the importance of merging strong accounting acumen with a deep understanding of business operations to identify both opportunities for long-term investments and profitable short-selling strategies.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
