We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market. We Study Billionaires is the largest stock investing podcast show in the world with 150,000,000+ downloads and is hosted by Stig Brodersen, Preston Pysh, William Green, Clay Finck, and Kyle Grieve. This podcast also includes the Richer Wiser Happier series hosted by best-selling author William Green. William regularly interviews legendary investors such as Mohnish Pabrai and Guy Spier, exploring what they can teach us about how to succeed in markets and life. And finally, our Bitcoin Fundamentals series is hosted by Preston Pysh, where he interviews prominent figures in the Bitcoin and macroeconomic space. To learn more about TIP, you can visit theinvestorspodcast.com or subscribe to our free daily newsletter here. Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
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episode 803: RWH036: The Power Of Simplicity w/ Anthony Kingsley
In this episode, William Green chats with Anthony Kingsley, who oversees more than $10 billion at an investment firm named Findlay Park. Anthony is the portfolio manager of the Findlay Park American Fund, which has crushed its benchmark index by 1,200 percentage points over 25 years. Here, he discusses his firm’s surprisingly simple path to exceptional returns.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
03:09 - What Anthony Kingsley learned from his great mentor, James Findlay.
07:22 - Why their firm, Findlay Park, lives by the mantra “Keep it simple.”
10:38 - How the firm structures its fees to be simple & fair.
19:02 - Why the key to long-term success is avoiding disaster.
18:06 - How Anthony harnesses diversification to reduce stress.
24:19 - How to incentivize a team of equity analysts.
27:40 - How he avoids repeating common investment mistakes.
39:53 - How he developed his 28-point investing checklist.
41:07 - Why he focuses intensely on analyzing corporate culture.
45:46 - Why it’s perilous to dismiss or ignore ESG.
53:54 - Why he never invests in biotech or pharma.
54:53 - Why he’s more excited about mid-caps than mega-caps.
1:01:10 - What makes the US a wonderful market for investors.
1:10:08 - Why he’s optimistic about the UK’s economic future.
1:14:51 - How he balances work, family, & play.
1:42:08 - What role luck has played in his success.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Anthony Kingsley’s investment firm, Findlay Park.
- Atul Gawande’s book The Checklist Manifesto.
- Matthew Walker’s book Why We Sleep.
- William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
- Follow William Green on X (AKA Twitter).
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