Kelly Partners Group Stock Explained w/ Brett Kelly

Clay sits down with Brett Kelly to discuss the importance of identifying one's skillset, the influence of figures like Bernard Arnault, the inner workings of Kelly Partners Group (KPG), and strategies for expansion, including in the US market, and insights into the organization's performance & compensation structures.
Brett Kelly is the Founder and CEO of Kelly+Partners (ASX:KPG), a professional speaker, and a best-selling author.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:24 - Brett’s early days
00:17:01 - Identifying your skillset
00:19:14 - Bernard Arnault
00:28:49 - The Dot Connector
00:32:35 - Kelly Partners Group
00:40:54 - The Partnership Model
00:49:53 - The Ideal KPG Partner
00:54:02 - Focusing on the US
01:06:28 - Compensation
01:15:02 - 2023 Results
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📖 BOOKS MENTIONED:
- How to Win Friends and Influence People by Dale Carnegie: amzn.to/3UlazQF
- Think and Grow Rich by Napoleon Hill: amzn.to/4b31S33
- Creating Shareholder Value by Alfred Rappaport: amzn.to/3JkklMG
- The Warren Buffett Way by Robert G. Hagstrom: amzn.to/3JmGIkn
- The Founder’s Mentality by Chris Zook & James Allen: amzn.to/3xDYAVs
📚 BRETT KELLY’S BOOKS:
- Collective Wisdom: amzn.to/3W7xlg7
- Universal Wisdom: amzn.to/3W2Rcgk
- Investment Wisdom: amzn.to/3W2wkWy
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[@77magicbus]

Great interview. He did most of the talking, and spoke eloquently and at length. A great interviewer is one who knows enough to let the guest explain himself. Which you did.

[@CP-wo4ou]

Well done Clay and thanks Brett for sharing your thoughts.

[@TheInvestorsPodcastNetwork]

Glad you enjoyed it!🙌

[@vulpine81]

This is the first time I've been able to put a face to the name. Very impressed with how he articulated his philosophy. Hope he doesn't go private. Could be a great wealth builder for many everyday people. I wonder if his philosophy could be applied to other businesses as well...

[@georgestreng]

Excellent interview questions from Clay. Mr. Kelly was articulate and informative but also defensive, prickly, and long winded. The more he spoke the more I began to have doubts about his judgment. His story was certainly interesting though.

[@faronskelton4085]

I really like the way Brett thinks.

[@Ro22666]

Why is the stock so expensive? Looks like investors are valuing this using total earnings across partnerships but the NPAT attributable to the holdco owners is less than half of it.

[@george6278]

Could you please explain your comment more deeply? Is it bad or good that market is valuing KPG using total earnings? KPG reports “earnings to KPG shareholders” so those number are cleaned from any one-time events and partner related earnings. :) Thanks.

[@sharedknowledge162]

Thank you for this content

[@Dividendflywheel]

Kelly CEO call 📞 Omaha (Warren Buffett) or mail him annual returns. Alternatively there are many family offices that would be eager to buy majority stake in the company. Did this company have a recent IPO? Is KPGHF the correct ticker? I don’t see chart going back to 2007

[@davorsostaric]

after rewatching this 3 times (and reading ALL the materials on their investor relation page and watching all of Bretts videos I am concerned about: Brett mentioned going private. When the CEO says he is considering a take private he is essentially saying screw you to shareholders. In some of his videos he mentions a few times that "the share price is not reflecting the intrinsic value" .(Ok, fair point, maybe it is maybe it isnt). BUT If share price is significantly lower that intrinsic value, shouldn't he be happy and buyback as much shares as possible? I don't like this short term obsession of "obtaining share price nearer to the 'intrinsic value' from a CEO of a company. the only reason why he would the share price to be higher in the short term is so he can sell his shares for more money. (I get it that we all want to do that at some point but considering us "qualitiy shareholders and long term view" wouldnt it make more sense to accumulate/buyback more shares now when the price is so much lower that intrinsic value?

[@Ro22666]

Yea plus I don’t know why he thinks the share price doesn’t reflect intrinsic value. See my other comment - shouldn’t this be valued using the 51% of free cash flow attributed to the holdco? Maybe I’m reading the financials wrong but it’s a hefty multiple to pay for a business that primarily relies on inorganic growth. I agree with you the best use of capital would be to buy back your company at a high FCF yield. This feels like one of those businesses where the ceo is being called the next Buffett/Leonard and everyone’s buying shares because they just read the outsiders 😂

[@davorsostaric]

@@Ro22666 dont get me wrong, I am a shareholder and I love the guy’s story. From the early writing to this multinationaly company ceo. But that doesnt mean that I thake everything for granted and that I am not gonna be critical if I hear something that doesnt resonate well with me. If I can accept the good I want also to see the “bad” side of every coin. Brett is a very very competent person and I loved his earlier videos and his mindset (and book recomedations) but on this one he comes a little to much like a level 4 leader (to much “I” and to much ego speaking. This tone of his just didnt sit well with me). His results speak for themselves, +30% CAGAR for so many years is above excellent result. he comes off as he is trying to promote the stock in this one. I admire Brett but I need to call a spade a spade when I see one (Sorry for my bad english)

[@brettkellypartners]

@davorsostaric this interview was based on answering a set list of questions provided by the TIP community hence its tone is somewhat different to a normal interview discussion of KPG in terms of emphasis.

[@davorsostaric]

@@brettkellypartners you are right Brett. My comment comes off a little to agresive and hostile. That was not my intention. I just couldnt believe what I was hearing here and the vibe I got, becouse in every other video you where great. I admire you as a business person and love what you are doing with the company and thats why I was “afraid” you gonna take it private. Everybody who did the work and has read all your materials and reporsts can see that this is grest business with great trajectory. We all want to accumulate as many shares as possible :) Please continue with the great work and with this fantastic results and please for the love of god dont take it private

[@brettkellypartners]

@@davorsostaric our Board has to consider impartially the best way forward for the company on all matters so cannot exclude a take private form considerations, basically the ultimate buy back. As I have said many times it isn't our preferred course of action and we just want to be transparent. The list of questions where pre-set and I have tried my best to answer them.

[@TheQuixoteuno]

What a CEO. Another happy shareholder...

[@seanmcdonald3286]

Too much rambling Brett sorry.

[@brettkellypartners]

Thanks Sean, did my best on the day. Will keep it shorter and sharper in the future. Appreciate the feedback.