In today’s episode we’re sharing our discussion with resource investor Jeff Phillips. Jeff has near on 30 years’ experience speculating in the natural resource business, and along the way he’s crafted a simple and effective approach. It all comes down to people and share structure. In our conversation we explore why backing the right people, who often have a track record of success, and are aligned with you, as well as ensuring the company structure is right, is his method of unlocking value.

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TIMESTAMPS  

(00:00) – Opening Take: Jeff’s most controversial view — why stocks should have a one-year hold period.

(03:50) – Australia vs. North America: How quickly insiders can sell and what it means for market discipline.

(04:30) – Jeff’s Investing Framework: Patience, conviction, and holding positions for 2–3 years at a time.

(10:10) – Alignment & Incentives: How Jeff analyzes options, performance rights, and insider ownership.

(13:20) – The People Factor: Why management quality drives bull markets — and how euphoria fades fast.

(16:50) – Position Building: How Jeff spreads bets across his 12 core names in different commodities.

(21:20) – Corporate Outcomes: Selling vs. growing — how Jeff thinks about exits and company maturity.

(27:40) – The Playbook: Jeff’s investing model from the 1990s bull run through to today’s cycle.

(29:00) – The Oil & Gas Story: How one major energy play shaped his investing philosophy.

(32:20) – Final Thoughts: Lessons on discipline, psychology, and long-term conviction.

(33:10) – Outro & Sponsors: Partner shout-outs and disclaimers.

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DISCLAIMER

All information in this podcast is for education and entertainment purposes only and is of general nature only. Please ensure you read our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠full disclaimer⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.