Hunting for Super Stocks w/ Peter Keefe (RWH034)

William Green chats with Peter Keefe, an outstanding investor who’s trounced the market over three decades. Here, Peter discusses his timeless investing principles, what he looks for in a great business, how he evaluates the quality of management, why he loves Microsoft & Markel, why managing money is a high calling, & what investors can learn from apex predators.
IN THIS EPISODE, YOU’LL LEARN:
- How Peter Keefe taught himself to invest intelligently.
- Why he loathed selling stocks as a broker on commission.
- Why a money manager’s principal motivation should be to serve others.
- How Peter built a dazzling record based on timeless principles.
- Why he views selling great businesses too early as his costliest mistake.
- Why he ignores economic predictions.
- Why he owns a concentrated portfolio of 10-12 stocks.
- How Microsoft & Markel embody what he looks for in a business.
- How he made hundreds of times his money on American Tower.
- How he evaluates the quality of management.
- What investors should learn from apex predators.
- Why humility is an indispensable virtue for investors.
- How Peter measures a successful life.
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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]

📌 Check out this video next: kzbin.info/www/bejne/oX6bi2qZjNl-jJY ⚠ IMPORTANT: Please beware of cyber scams and phishing attacks. We will never ask for your contact info in the comments section. Kindly report suspicious accounts you see below. Thank you!

[@bradleyhope3652]

Peter’s investment style is close to my own, thanks for finding guys like Peter!

[@WeStudyBillionaires]

That's amazing! Glad you enjoyed the interview. 🙏

[@pareshpatel2642]

William , I learn something new and valuable from each and every guest you bring on to your show. Thank you

[@WeStudyBillionaires]

Glad to hear it!

[@WilliamGreenRicherWiserHappier]

Thanks a lot, @pareshpatel2642. Warm wishes, William

[@Money__Matters007]

William Green always brings the best . I had a suggestion William Green should start a series in which he discusses the top 10 lessons from different investing legends he has interacted with I really like the style with which William Green presents things Hoping to hear from you soon Regards

[@RicherWiserHappier]

Many thanks, @lucky7843. That's a good suggestion. Warm wishes, William

[@wisemanlionsproductions4653]

An absolutely great show.Overflowing nuggets of wisdom.

[@WeStudyBillionaires]

Glad you found it valuable! 🙏

[@WilliamGreenRicherWiserHappier]

Many thanks. So glad you found it helpful. Warm wishes, William

[@alverzenongkhlaw5688]

Mr William is an excellent interviewer and a legend..❤ to Mr Willam from India and a tribesman.

[@RicherWiserHappier]

Thanks a lot, @alverzenongkhlaw5688! That's very kind of you to say. Greetings from New York!

[@kevinboutsen]

Watched the first 5 minutes and just wanted to pause to say thank you for this amazing content. Such tremendous insights into so many subjects in addition to investing.

[@alverzenongkhlaw5688]

Me too

[@RicherWiserHappier]

Thanks so much, @kevinboutsen. Much appreciated. Warm wishes, William

[@aniyannair4525]

Thanks William and thanks Peter, for this enlightening conversation.

[@WeStudyBillionaires]

Thank you so much for watching!

[@WilliamGreenRicherWiserHappier]

Many thanks, @aniyannair4525. Warm wishes, William

[@brianbirnbaum9760]

Great interview. Really respect this guy. He sees the arc of one’s lifespan and what drives you forward.

[@WilliamGreenRicherWiserHappier]

Thanks so much, Brian. Warm wishes, William

[@rowanwood5397]

Peter Keefe works for Avenir Corp. The 13fs are interesting.

[@a1osborne]

I admire Peter Keefe tremendously. He is wise.

[@WeStudyBillionaires]

Glad you enjoyed the interview! 🙌

[@bahuchha574]

Another gem of a podcast William. You always out do yourself. such a knowledge of wealth. Thanks you and Peter

[@WeStudyBillionaires]

Glad you enjoyed it!

[@WilliamGreenRicherWiserHappier]

Thanks so much, @bahuchha574. I really appreciate it. Warm wishes, William

[@1973superdad]

Thank you for this, you always do so good with your interviews, the dialog is really entertaining to listen to. Listening to the greats is so inspiring. The world pushes FOMO but the theme with all these great investors is calming, be extremely patient, just find a few great companies and hold for life. I realize its hard to find them but when you only need a small amount, it feels so much more attainable.

[@WeStudyBillionaires]

Grateful for your support!🙏

[@stockscompound]

Amazing interview

[@WilliamGreenRicherWiserHappier]

Many thanks! Warm wishes, William

[@markodin2009]

Excellent interview. Honest, deep, insightful. Thank you!

[@WeStudyBillionaires]

Thanks so much! 🎉

[@motivational7531]

How can we check Peter Keefe portfolio and current holdings?

[@WilliamGreenRicherWiserHappier]

Look up Avenir Corp. You should be able to find their filings. Good luck!

[@jaanliitmae6599]

Another really insughtful interview, thank you very musc!

[@WeStudyBillionaires]

Our pleasure! 😀

[@brianbirnbaum9760]

Listening for a second time. Priceless interview. I personally find religion to be beyond my ability to believe. I need scientific evidence. But I don’t care about people get to their moral foundation. A good Christian beats an amoral atheist any day of the week.

[@davidbrunsdon3245]

Excellent interview. However, Bessembinder's paper does not provide good insights into how to invest. His papers' approach is that you invest in all stocks throughout their total lifespan, the growth, the maturity, and the inevitable decline. Not surprisingly Treasuries win on that comparison. No investor invests on that basis - it's a false comparison. I'm really surprised how widely this misleading paper is referenced.

[@blaquiere141]

MSFT is only beating the market because of PE multiple expansion... It has a 11 years FCF CAGR of 6.65% (very low)... Not convinced about this video...

[@rokyericksonroks]

Sounds like most “growth” stocks now says.

[@brianbirnbaum9760]

I just bought $POOL!

[@jimjackson4256]

13fs are robbery.These guys are thinking all day for and about investments because that is their job and then the govt takes it after 30 days.Imagine if you had a song or an invention that you worked hard on then the govt makes it public domain! I think that is a crime.

[@Murciful]

45 days not 30 days

[@jimjackson4256]

@@Murciful I stand corrected on the minutiae but the principle still holds.