Andrew Brenton

In this engaging discussion, Andrew Brenton, CEO of Turtle Creek Asset Management, shares insights from his impressive investment journey, boasting an average annual return of 18.8%. He delves into market efficiency, claiming it's currently decreasing due to structural shifts. Andrew highlights his investment theses on Floor & Decor, praising its model and competitive advantage, and Kinsale Capital, noting its unique underwriting and disciplined growth strategy. He emphasizes the importance of patience and analysis in weathering market fluctuations.

In a discussion with Andrew Brenton, CEO and co-founder of Turtle Creek Asset Management, listeners learn about the firm's impressive 20% annual return since 1998. Andrew explains how his background in private markets shaped his public investing strategy. He shares insights into Turtle Creek’s focus on mid-cap companies, the risks of overpaying, and their unique approach to value investing. Case studies, such as Automation Tooling Systems, highlight their disciplined portfolio management and commitment to continuous improvement.

In this conversation, Andrew Brenton, CEO of Turtle Creek Asset Management, shares wisdom from his 25 years of beating the market. He emphasizes the drawbacks of a buy-and-hold strategy and discusses how US markets are becoming less efficient. Andrew gives insights into allocating investments in AI and software, and reveals Turtle Creek's approach to risk management. He also highlights their recent addition of Kinsale Capital to the portfolio, showcasing how exceptional management plays a pivotal role in navigating market dynamics.