Capital Ideas Podcast Fundamentals of investing: Embracing simplicity
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May 8, 2025 Andrew Suzman, an equity portfolio manager with over 30 years of experience, shares his investment wisdom with Mike Gitlin. They discuss the importance of getting back to basics in a world flooded with information. Suzman reveals how the country of domicile can obscure great companies and emphasizes the dangers of ignoring valuation. He humorously notes the rarity of using a calculator in meetings and highlights the lasting value of combining management analysis with financial metrics for successful investing.
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Mother's Investing Influence
- Andrew Suzman's mother was advised to invest in growth and income American funds, which proved successful for their family's savings.
- This personal experience highlighted the importance of a good financial advisor in long-term investing.
Real Estate Beginnings
- Early in his career, Andrew worked in commercial real estate selling office buildings yielding 10%.
- He realized investing in real estate was more interesting than just selling properties.
Information Overload Challenge
- The major change in investing is the sheer volume and speed of information available today.
- Despite this, the fundamentals of investing and dealing with people remain unchanged.