We Study Billionaires - The Investor’s Podcast Network TIP440: Beating the S&P500 since 2004 w/ Bryan Lawrence
19 snips
Apr 17, 2022 
In this engaging conversation, Bryan Lawrence, founder of Oakcliff Capital, shares insights on his firm's impressive performance since 2004, outpacing the S&P 500. He explains his concentrated value investing strategy and how he evaluates potential investments, like Charter Communications. Bryan discusses the importance of cash reserves and navigating market volatility while revealing how outperformance sometimes requires short-term setbacks. His unique insights on aligning interests between managers and clients provide a fresh perspective for any investor.
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Oakcliff Capital's Investment Strategy
- Invest in great businesses at attractive valuations.
- Ask five questions: Do you understand the business, is it great, is management aligned, is it cheap, and is there a temporary misconception?
Charter Communications Case Study
- Charter Communications illustrates Oakcliff's investment process.
- The misconception around 5G's ability to replace cable internet created an attractive entry point.
Current Misconception on Charter
- A new misconception about increased fiber competition is creating another buying opportunity for Charter.
- The fiber companies' high infrastructure costs may allow Charter to increase prices.
