The Education of a Value Investor Building a Robust Investment Strategy: Insights from Tobias Carlisle
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Sep 18, 2024 
Tobias Carlisle, an Australian investor and the founder of Acquirers Funds, shares his compelling journey from corporate law to value investing, inspired by Warren Buffett. He discusses the importance of risk management and contrasts exchange-traded funds with mutual funds. Carlisle delves into his investment philosophy, emphasizing disciplined portfolio management and the struggles of behavioral biases. He also reflects on the challenges of writing and publishing, and shares insights into his literary inspirations, linking historical fiction to contemporary issues.
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From Australia to the US
- Tobias Carlisle moved from Australia to the US.
- His career began in law in Australia, then transitioned to investing, influenced by Warren Buffett.
Transition to Investing
- Tobias Carlisle transitioned from law to investing after realizing the demanding hours weren't conducive to family life.
- He was inspired by an activist investor who pointed out absurdities in a company's financial structure.
Focus on Risk of Ruin
- Focus on risk management and avoiding ruin in investing.
- Prioritize survival over maximizing returns.