On today’s episode, Clay is joined by Andrew Brenton to discuss his biggest investment lessons from beating the market over the past 25 years.
Andrew Brenton is the CEO and co-founder of Turtle Creek Asset Management. Since its inception in 1998, Turtle Creek has achieved an average annual return of 20.3% versus just 8.3% for the S&P 500. $10,000 invested into their fund at inception would have grown to over $1.2 million as of September 30th, 2024, and had that money been invested in the market, it would have been worth around $75,000.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:39 - The fundamental drawbacks of a buy-and-hold investment strategy.
10:58 - Why the stock market in the US is becoming less efficient over time.
28:48 - How Andrew thinks about allocating to AI and software businesses in his portfolio.
38:51 - How Turtle Creek manages risk investing in stocks.
52:55 - Why Turtle Creek added Kinsale Capital to their portfolio this year.
01:00:02 - What keeps Andrew going after 30 years in the industry.
And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES
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<li>Check out <a href="https://www.turtlecreek.ca/">Turtle Creek Asset Management</a>.</li>
<li>Related Episode: Listen to <a href="https://link.chtbl.com/WSB592">TIP592: Outperforming the Market Since 1998 w/ Andrew Brenton</a>, or watch the <a href="https://www.theinvestorspodcast.com/episodes/outperforming-the-market-since-1998-w-andrew-brenton/">video</a>.</li>
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Stig T. Brodersen

Preston Pysh

William Green

Clay Finck

TIP674: Outperforming the Market, Managing Risk, & Market Inefficiencies w/ Andrew Brenton

On today’s episode, Clay is joined by Andrew Brenton to discuss his biggest investment lessons from beating the market over the past 25 years. Andrew Brenton is the CEO and co-founder of Turtle Creek Asset Management. Since its inception in 1998, Turtle Creek has achieved an average annual return of 20.3% versus just 8.3% for [&hellip;]

We Study Billionaires Episode #954

TIP674: Outperforming the Market, Managing Risk, & Market Inefficiencies w/ Andrew Brenton