How Turtle Creek Beat the Market Since 1998 | Value Investing Masterclass w/ Andrew Brenton (TIP592)

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  • Опубліковано 27 лис 2024

КОМЕНТАРІ • 27

  • @WeStudyBillionaires
    @WeStudyBillionaires  11 місяців тому

    📌 Check out this video next: ua-cam.com/video/OXYwcYNkdnM/v-deo.html
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  • @exxonnoble
    @exxonnoble 18 днів тому

    Second time listening, felt like an absolute masterclass but as if we were still only scratching the surface. What a great speaker and great questions!

  • @stephenframpton4616
    @stephenframpton4616 11 місяців тому +4

    Amazing interview, wow this guy. He's the next level value investor. Ben Graham --> Munger/Buffett --> Turtle Creek. Like Munger/Buffett took Graham's teachings to the next level, this guy is taking Buffett to the next level.

    • @WeStudyBillionaires
      @WeStudyBillionaires  11 місяців тому

      Glad you enjoyed the interview! 🙌

    • @stevenbond4637
      @stevenbond4637 6 місяців тому

      I make little 1% positions of his stocks as he buys them, or the ones that trade low, currently that means I'm holding a little bit of Open Text, ATS and Manga International. Open Text seems especially cheap at the minute. I haven't made big positions of his portfolio yet but trust the lad enough to just nibble away at the stocks he's been buying every quarter, so far they've all had a little 5-10% and I sell them on and buy the next one. Whenever I start to worry about due dilligence I just watch this interview again, then go back to cloning the lad :) Actually his 13F filing deadline is today and I can't find it yet, should get a peek in the next few hours at what he's been buying since Christmas.

  • @RolfStumpfRailMedia
    @RolfStumpfRailMedia 10 місяців тому +1

    I've listened to it the second time now. Some great lessons in this episode, thank you Clay for bringing Andrew Benton on. Really inspiring and I'll return to no. 592 for sure.

    • @WeStudyBillionaires
      @WeStudyBillionaires  10 місяців тому

      Appreciate the support! 🙏

    • @clayfinck431
      @clayfinck431 10 місяців тому +1

      Thanks so much! I appreciate you being a very loyal listener of the show 🙏🏻

  • @alverzenongkhlaw5688
    @alverzenongkhlaw5688 11 місяців тому +4

    Just bumped into the interview and i must say it was such a wonderful learning experience..I'm going to watch it over and over again..Here hoping to someday make it too.❤india

  • @twac750
    @twac750 8 місяців тому

    Interesting rebalancing strategy. It does involve making at least 2 correct decisions (when to sell a position and then when to repurchase) and paying taxes in between. But obviously they’ve figured out a way to manage that. Thanks for the content.

  • @samcurtis8807
    @samcurtis8807 4 місяці тому

    Love this interview!

  • @chewie1355
    @chewie1355 6 місяців тому

    Thanks

  • @KamilMauel
    @KamilMauel 11 місяців тому +1

    The Fund has incredible performance at the very beginning. 1998 Oct - 2001 May almost uninterrupted growth and +500% while +25% for SPY or +30% Nasdaq100/QQQ.
    HOW DID THEY DO THAT?
    Hard to find a single stock with such a result back then. The only non-seasonal stock that comes to mind is NVIDIA yet it IPO-ed in 1999 Jan.
    An outperformance continued since the pre GFC peak. +~1800% vs +60% both for SPY and QQQ who is the winner thenceforth. The broad market was beaten up to mid 2015 and they have been going pretty much hand in hand afterwards.
    PS. Nothing comes close to APPLE. Yet barely nothing since the mentioned 2001 May but over +600x afterwards vs 14x for the Turtle. However today's benchmark was far away from being considered as such with its 6 bln market cap.

  • @2000mrman
    @2000mrman 8 місяців тому +1

    Wow.

    • @WeStudyBillionaires
      @WeStudyBillionaires  8 місяців тому

      Thank you for tuning in! 💯

    • @2000mrman
      @2000mrman 8 місяців тому

      @@WeStudyBillionaires Im now a big fan of Andrew. Thanks for the video! Keep the value investors coming!

  • @gmsthisvilekingdom3390
    @gmsthisvilekingdom3390 11 місяців тому +1

    20% CAGR for 25 years..100 bagger

  • @JWSpaceX
    @JWSpaceX 11 місяців тому +4

    Are you sure they got 20% annually since 1998? where is the data coming from?

    • @meathead919
      @meathead919 11 місяців тому +3

      It's a Toronto mutual fund. The return numbers are public. They are audited.

    • @JWSpaceX
      @JWSpaceX 11 місяців тому +3

      I took a look into their 3.5B portfolio, and the picks' performances were not even close to any compounders in Wallstreet. In fact, the top 10 picks only generated 4% cagr return in the last 5 years. Kindly explain their strategy instead of stating the number.

    • @meathead919
      @meathead919 11 місяців тому +16

      @@JWSpaceX Listen to the podcast, he explains it. If only you weren't so lazy!

    • @jameshtrz
      @jameshtrz 10 місяців тому

      @@JWSpaceX It's just the fact that the fund performed poorly vs. sp500 over the last 10 years

    • @RafitoMembroza
      @RafitoMembroza 10 місяців тому

      @@JWSpaceX 47:05 he explains how they generated extra % of profit by buying and selling the same stock