Sebastian Lyon is a conservative investor who manages two highly successful multi asset funds. His motto is simple over complex and he is intent on protecting the downside. In this interview, we discuss his views on markets; how he built a significant asset management business from scratch; and how he has managed his fund to deliver only 3 down years in 20.
Bill Smead has been in the investing business for over 40 years and has seen multiple cycles. He has an idiosyncratic investing philosophy which seeks to buy high quality stocks when they are out of favour. He has a concentrated portfolio of 26 stocks with 45-50% in the top 10 positions. Yet his holding period averages over 6 years.
Alec Cutler manages a highly successful global low risk fund and has forthright views on stocks and markets. In this interview, we discuss inflation and markets and what this means for stock selection. Alec also explains his views on what makes for a successful investment team.
Guy Spier is a value investor best known for paying $250k to have lunch with Warren Buffett. That was clearly a brilliant investment as he explains in our discussion. And he talks about how Buffett helped him to grow as a person in ways he didn’t even want to grow.
Beth Lilly is a value investor with a specialism in small caps. She is highly successful, manages money for a billionaire family yet she drives a 12 year old car. She explains why.
William Green is the author of Richer Wiser Happier, an outlier in investing books as a best-seller. He is a craftsman and a perfectionist and having interviewed 40 of the world’s top investors for the book, has some fascinating perspectives on investing and on life.
Mario Gabelli is the founder of GAMCO, a billionaire, and still working in his 80s. His workload would be punishing for someone 30 years younger, but he is committed to an in-depth research process and likes to lead from the front.
Gavyn Davies is an economist, co-founder of 4 multi-billion asset managers, a former Government adviser to both Labour and Tory administrations and a former Chairman of the BBC.
Tian Yang is an economist and Chief Executive of boutique macro research firm Variant Perception.
Chris Bloomstran is a value investor, best known for his incredibly detailed analysis of the valuation of Berkshire Hathaway.