A Simple Path to Superb Returns w/ Anthony Kingsley (RWH036)

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:
- What Anthony Kingsley learned from his great mentor, James Findlay.
- Why their firm, Findlay Park, lives by the mantra “Keep it simple.”
- How the firm structures its fees to be simple & fair.
- Why the key to long-term success is avoiding disaster.
- How Anthony harnesses diversification to reduce stress.
- How to incentivize a team of equity analysts.
- How he avoids repeating common investment mistakes.
- How he developed his 28-point investing checklist.
- Why he focuses intensely on analyzing corporate culture.
- Why it’s perilous to dismiss or ignore ESG.
- Why he’s more excited about mid-caps than mega-caps.
- Why he never invests in biotech or pharma.
- What makes the US a wonderful market for investors.
- Why he’s optimistic about the UK’s economic future.
- How he balances work, family, & play.
- What role luck has played in his success.
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On Richer, Wiser, Happier, William Green interviews high-profile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life.
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[@WeStudyBillionaires]

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[@dcsayre1]

31 minutes is a gold mine of information of what to look for and avoid. Many of those metrics are difficult to quantify.

[@sheduprapsel9954]

Teach us how to read balance sheet in detail and exact calculations of ROIC .. thanks 🙏

[@alverzenongkhlaw5688]

Study quarterly return,year on year return, net profit,eps and that will give some idea..Check shareholders, promoters

[@Dividendflywheel]

Buy an index fund and you will BEAT 92% of professional money managers (who have multiple college degrees and an army of stock analysts). Read the SPIVA Report to verify my claim. Best wishes

[@pkozanov]

Thank you, William! Your interviews are always very informative and enjoyable at the same time! I look forward to your next interview with Laura Geritz!

[@WeStudyBillionaires]

Glad you like them! Thank you for watching🙏

[@RicherWiserHappier]

Many thanks, @pkkozanov! Much appreciated. Warm wishes, William

[@michaelfriend3990]

Super interview!

[@WeStudyBillionaires]

Thanks so much for tuning in!

[@johnweber5799]

Great company but it doesn’t seem available in the United States. Are there other companies which follow similar patterns of business?

[@arangotan]

Excellent interview and investing mindset

[@WeStudyBillionaires]

Glad you enjoyed it! 🎉

[@jonnagap87]

This is a top class interview! This is exactly what individual investors should aim for. If you want excitement and quick wins, go to a casino!

[@WeStudyBillionaires]

Much appreciated! 🙌

[@xiaodongtian8241]

Nice

[@WeStudyBillionaires]

Thanks for watching!

[@Klorel123]

this was surprisingly good, thanks a lot. too bad you can't reproduce that just by hearing the interview. most of it is too vague. analyse several stocks with him as a video stream. taht would be great. case studies might help, i guess.

[@george6977]

👍

[@goatshit23]

saying that nvidia didn't exist 25 years ago kind of is a yellow flag to everything else - I've made statements very similar to that where I had no clue if it was true or not

[@RicherWiserHappier]

Thanks for your message. It went public in 1999, so 25 years isn't that far off! Warm wishes, William

[@RolfStumpfRailMedia]

​@@RicherWiserHappierSame year the GeForce series was launched.

[@romanhryniszak1887]

Lost me at esg

[@clubuldeinvestitii]

These are getting repetitive - same lessons over and over. Nothing new or unique shines through so I find myself listening to RWH episodes less and less

[@highestranked]

Personally, I don’t mind being reminded of these concepts

[@michaelfriend3990]

I think this kinda the point

[@tennis434]

Agreed - I care about stock reviews and finding quality companies to invest in. If that isn’t the direction this channel is going in, I won’t continue watching

[@bobbysahye]

Amazing podcadt.The 90"s was a year of misery hardship and problems .Being a medical student in my early 20's ,I remember it very clearly.

[@Dividendflywheel]

@@highestrankedAgreed reinforcing the boring, tried, true and profitable principle. Serve as a guard rail from drifting away from what works