John Spears

John Spears, managing director at Tweedy Brown, shares his passion for value investing, sparked at just 12 years old. He recounts the humbling lessons from an early investment disaster and the importance of tracking insider buying. The conversation reveals Spears' admiration for Warren Buffett and his preference for high-quality, albeit 'dull', stocks like Nestle. He emphasizes achieving satisfactory returns over chasing unrealistic profits while advocating for a debt-free lifestyle and global diversification in investments, all influenced by his Quaker values.

John Spears, Managing Director at Tweedy, Browne, shares insights into their new ETF focused on undervalued companies linked to insider buying. He explains how insider purchases serve as indicators of future excess returns, supported by empirical research. The discussion includes the ETF’s practical implementation, highlighting a unique scoring approach and investment strategies. Spears also addresses the current market landscape, suggesting that investors consider international opportunities for better value, following Benjamin Graham’s timeless wisdom.