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TIP770: Mastering the Markets w/ Andrew Brenton
On today’s episode, Clay Finck is joined by Andrew Brenton to discuss the inefficiencies in the stock market as well as his investment thesis on Floor & Decor and Kinsale Capital.
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 18.8% versus just 8.7% for the S&P 500. $10,000 invested in their fund at inception would have grown to over $1 million, and had that money been invested in the market, it would have been worth around $95,000.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:28 - Andrew’s thoughts on whether today’s markets are becoming more or less efficient
00:13:08 - How today’s market reminds him of the 1999 tech business
00:16:17 - His investment thesis and intrinsic value estimate of Floor & Decor
00:41:26 - Why Andrew is long Kinsale Capital in the fund
00:57:05 - Andrew’s thoughts on weathering periods of underperformance relative to the broader market
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
SPONSORS
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Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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By The Investor's Podcast Network
4.6
32383,238 ratings
On today’s episode, Clay Finck is joined by Andrew Brenton to discuss the inefficiencies in the stock market as well as his investment thesis on Floor & Decor and Kinsale Capital.
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 18.8% versus just 8.7% for the S&P 500. $10,000 invested in their fund at inception would have grown to over $1 million, and had that money been invested in the market, it would have been worth around $95,000.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:28 - Andrew’s thoughts on whether today’s markets are becoming more or less efficient
00:13:08 - How today’s market reminds him of the 1999 tech business
00:16:17 - His investment thesis and intrinsic value estimate of Floor & Decor
00:41:26 - Why Andrew is long Kinsale Capital in the fund
00:57:05 - Andrew’s thoughts on weathering periods of underperformance relative to the broader market
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
SPONSORS
Support our free podcast by supporting our sponsors:
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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