Hearts & Minds Podcast Nick Griffin on how he finds global winners | Munro Partners
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Oct 16, 2023 Nick Griffin, the founding partner and CIO of Munro Partners, shares his journey in stock picking and long-term investment strategies. He discusses the game-changing potential of AI, focusing on NVIDIA’s leading role in the semiconductor market. Griffin also reflects on Amazon's challenges post-pandemic and its path to recovery amid leadership changes. Their conversation delves into navigating structural growth opportunities and the significance of understanding company fundamentals in today's dynamic market.
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Munro Partners Name Origin
- Nick Griffin named his firm Munro Partners as a tribute to Edinburgh's fund managers.
- He lived and worked in Edinburgh for ten years and admired their long-term investment approach.
Finding Winners
- Success in funds management comes from identifying the few winners, not from sector or country allocation.
- Focus on company culture, relationships, and management teams, as these factors drive long-term success.
Managing Mistakes
- Accept that few stocks win, and use a stop-loss rule like reviewing stocks down 20% from peak.
- Regularly review underperforming stocks to avoid emotional attachment and recognize mistakes early.