We Study Billionaires - The Investor’s Podcast Network

TIP532: Insights From A Reclusive Investment Firm w/ Graeme Forster

Mar 10, 2023

Dr. Graeme Forster, Director and Portfolio Manager at Orbis, shares his fascinating journey from mathematics to value investing. He discusses legendary investors like Jim Simons and the success of Orbis' founder, Allan Gray, emphasizing the importance of flexibility in investment strategies. Graeme introduces the concept of the 'Great Misallocation' and illustrates how good, cheap companies excel in bear markets. His unique blend of macro and micro perspectives offers valuable insights for investors navigating today's complex landscape.

01:00:38

Episode guests

Graeme Forster

Highlights

AI Chapters

Episode notes

The disconnect between consumers and CPI

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The Role of Bond Yields in Determining Asset Prices

01:22

How Should You Account for Your Marketing?

01:28

Intro

2min

Navigating Uncertainty: Lessons from Academia to Investment

14min

Investment Strategies During a Pandemic

7min

Market Dislocation and Investment Philosophy

20min

Shifts in Capital Allocation and Economic Dynamics

2min

Navigating College Costs and Financial Resources

3min

Navigating Economic Disparities and Investment Strategies

12min

Peaceful Living vs. Urban Chaos

4min

Trey chats with Dr. Graeme Forster. Together they discuss the success of legendary investors such as Jim Simons & Orbis' founder Allan Gray, Graeme's shift from mathematics to value investing, and much more!

Graeme is the Director and Portfolio Manager of Orbis, which currently manages around $30B.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:30 - Graeme’s journey from mathematics to value investing, & exploring legendary investors like Jim Simons.

26:14 - How Orbis’ founder and billionaire Allan Gray’s investing flexibility led to his success.

36:35 - How Graeme balances the macro with a bottoms up approach.

52:11 - A thesis which Graeme calls the Great Misallocation.

58:40 - How good & cheap companies outperform especially during bear markets.

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.
The Theory of Poker by David Sklansky.
Fooled by Randomness by Nassim Nicholas Taleb.
The Price of Time by Edward Chancellor.
The Psychology of Money by Morgan Housel.
Trey Lockerbie's Twitter.
Check out: Orbis.

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