Invest Like the Best with Patrick O'Shaughnessy

Anne-Marie Peterson - The Capital System - [Invest Like the Best, EP.364]

176 snips

Mar 12, 2024

Anne-Marie Peterson, an equity portfolio manager at Capital Group with nearly three decades of experience, shares her insights on retail and restaurant investments. She emphasizes a people-first approach and the power of simplicity in investment strategies. Anne-Marie discusses how the best retailers often cultivate a cult-like following and explores the importance of teamwork and trust within investment teams. The conversation also touches on navigating challenges in restaurant scalability and the significant role of mentorship in shaping successful careers in finance.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

Retreat Rituals

Capital Group employees retreat often, sometimes with work-heavy agendas and others focused on fun.
These retreats build trust, which is crucial for challenging conversations and admitting investment mistakes.

ADVICE

Effective Management Meetings

Identify two or three key takeaways you want from every meeting before it starts.
Translate meeting insights into potential stock performance over the next three to five years.

INSIGHT

AI and Incumbents

The dominance of a few tech companies in AI seems like sustaining, not disruptive, innovation.
Focus on simple, understandable investment theses, even with complex technologies like AI.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

My guest today is Anne-Marie Peterson. Anne-Marie is an equity portfolio manager at Capital Group, a storied investment firm managing 2.5 trillion dollars and getting ready to celebrate its centennial anniversary. Anne-Marie is a seasoned investor, approaching three decades in the industry, with nearly 20 of those years being with Capital. She has become an expert in retail and restaurants and shares her proven strategies in those sectors over her career. We discuss her people-first approach, simplicity as criteria for investment, and the idea that the best retailers are cults. Please enjoy this great discussion with Anne-Marie Peterson.

Listen to Founders Podcast

For the full show notes, transcript, and links to mentioned content, check out the episode page here.

-----

This episode is brought to you by Tegus, the go-to destination for bold investing. The investment research platform trusted by 95% of the top 20 global private equity firms just got even better. Building on their solid reputation for expert insights, Tegus has expanded to become the first true all-in-one research platform. The new Tegus makes diligence faster, easier, and more convenient than ever before. Your Tegus license gives you access to over 70,000 expert transcripts, more than 4,000 fully drivable financial models, and exclusive datasets like company management checks, industry KPIs, hard-to-find non-GAAP data, and more. Tegus is the fastest way to learn about a public or private company and the most cost-effective way to conduct investment research — now all under one roof. Learn more and get your free trial at tegus.com/patrick.

-----

Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.

Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.

Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.

Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes:

(00:00:00) Welcome to Invest Like the Best

(00:04:06) First Question - Understanding Capital Group's Investment Approach

(00:05:43) The Importance of Teamwork and Culture in Investment Firms

(00:07:38) The Role of Analysts in Investment Decisions

(00:12:24) The Art of Running Effective Meetings with Company Management

(00:18:12) Exploring the Dominance of Big Tech Companies

(00:19:13) The Common Thread Amongst Great Retailing Companies

(00:30:49) Comparing The Growth in The Tech Market to That of Healthcare

(00:34:14) The Rise of Pharma and its Potential Opportunities

(00:36:56) Power Dynamics in the Tech Industry

(00:38:11) The Idea of Power in Investing

(00:46:21) Unique Challenges and Opportunities in the Restaurant Industry

(00:48:35) The Positive Signal of Enduring Companies

(00:54:54) The Importance of Gratitude and Kindness in Professional Growth

(00:58:40) The Kindest Thing Anyone Has Ever Done for Anne-Marie