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 816: Contrarian Investing & Sir John Templeton w/ Scott Phillips
On today’s episode, Clay is joined by Scott Phillips to discuss how to invest during times of max pessimism. Scott is married to and manages money with Lauren Templeton, who is Sir John Templeton’s great-niece. Sir John was one of the greatest international investors of the 20th century and the master of finding pockets of the market that were most distressed and offered the highest level of asymmetric returns.
Scott Phillips is a Principal and Chief Investment Officer at Templeton and Phillips Capital Management, LLC. Mr. Phillips also serves as a Managing Member to the Templeton and Phillips Partners Fund, LLC.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro.
03:02 - What helped Sir John Templeton think independently and have the courage to stray from the crowd.
10:01 - Sir John’s lessons living through the Great Depression.
15:24 - How Scott works to teach his children the values around money that Templeton embodied.
22:20 - The investment lessons that Scott learned from studying the career of Templeton.
35:09 - The three ways to generate excess returns in the markets.
43:48 - How Scott’s fund capitalized on the market panic in March 2020.
49:25 - Areas of the market Scott deems to be significantly undervalued.
56:30 - Why US investors should consider diversifying away from the dollar.
56:48 - Scott’s current thoughts on investing in China.
01:10:27 - How Scott thinks about shorting the occasional bubble in the market.
01:18:21 - Scott’s thoughts on continuing to be optimistic about the future.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Check out Templeton & Phillips Capital Management.
- Scott’s books: Investing the Templeton Way, The Templeton Touch, & Buying at the Point of Maximum Pessimism.
- Sir John Templeton’s book: The Templeton Plan.
- Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
- Related Episode:TIP585: Concentrated Value Investing w/ Shree Viswanathan or watch the video.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
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