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

You're listening to TIP. On today's episode, I'm joined by Andrew Brinton to discuss his biggest investing lessons from beating the market over the past 25 years. Andrew's the CEO and co-founder of Turtle Creek Asset Management. Since its inception in nineteen ninety eight, Turtle Creek has achieved an average annual return of 20.3% versus just 8.3% for the SP 500.

$10,000 invested into their fund at Inception would have grown to over$1.2 million as of September 30th, 2024. and have that money been invested in the S P 500. it would have been worth around$75,000. During this conversation, we'll cover the fundamental drawbacks of a buy and hold investment strategy. Why the stock market in the US is becoming less efficient over time?

How Andrew thinks about allocating to AI and software businesses in his portfolio? How Turtle Creek manages risk investing in the stock market and why they added Kinzel Capital to their portfolio this year. And what keeps Andrew going after 30 years in the investment industry? Andrew's one of the more impressive investors I've had the pleasure of bringing onto the show, so I really hope you enjoy our conversation.

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