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

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Podcast by The Investor’s Podcast Network
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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.

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