We Study Billionaires - The Investor’s Podcast Network

TIP720: Investing Against The Tide

122 snips
May 9, 2025
Discover the contrarian investing approach of Anthony Bolton, who stresses the power of sentiment analysis and robust research. The discussion highlights key traits of successful fund managers and the strength found in incomplete knowledge. Learn simple methods for evaluating portfolio conviction and what to do when investments falter. The importance of assessing business risk through bond prices and the value of managerial insights are also explored. Plus, Bolton shares three major mistakes and the lessons they imparted on his investing journey.
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INSIGHT

Traits of Top Fund Managers

  • Key traits of top fund managers include vision, temperament, and organization.
  • Being content with incomplete knowledge is crucial for managing diverse investments effectively.
ADVICE

Manage Conviction and Portfolio Rigor

  • Don't lose conviction when stock prices drop; verify if the market view is true or false.
  • Regularly rank your portfolio to allocate capital effectively and avoid watering your weeds.
INSIGHT

Popularity Indicates Risk, Unpopularity Opportunity

  • Popular stocks pose risk while unpopular ones offer opportunity.
  • Quality businesses may remain undervalued despite growing popularity, offering long-term rewards.
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