20% returns annually over 21 years: What is Turtle Creek's secret sauce? Andrew Brenton explains it

In this presentation, Value Investor Andrew Brenton (Turtle Creek) is talking about the companies' investing approach and gives examples.
Here is a transcript of this talk: www.good-investing.net/2022/0...
Andrew addressed the following topics:
00:00 Introduction
00:07 About Turtle Creek Asset Management
03:24 Founding partners of Turtle Creek Asset Management
05:18 A different kind of Value Investing
13:14 Investment process examples
19:15 Lower risk can lead to higher returns
20:43 Investor communications @ Turtle Creek Asset Management
24:43 Questions
This presentation was recorded at 06. November 2019 during the International Value Investing Conference.
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#valueinvesting #compounding #highreturn
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[@GoodInvestingTalks]

Here is a transcript of this talk: www.good-investing.net/2022/05/24/andrew-brenton-turtle-creek-asset-management/

[@buffetariano6199]

this guy is completely underrated

[@TheWeastBeast]

might be the best relatively public investment firm around right now

[@alexisgc19]

Fantastic!! thanks for this excellent content

[@sernilbt486]

amazing content!

[@ghalibkhan80]

very interesting concept of buy and trim overtime vs. the traditional buy and hold...

[@pokerrich9]

Only works if you buy better

[@jacobdavidgolden862]

@@pokerrich9he addressed that in the video and that isn’t true. If what you sold for had a better return then that is how it works.

[@ManuMB_]

Just amazing

[@blek99]

Hi, could you tell us where (what event) this session was recorded? Great talk btw.

[@GoodInvestingTalks]

In Luxemburg in 2019.

[@hosseinkhodaparast2923]

Just a question: What percent of their portfolio is cash?

[@GoodInvestingTalks]

Hard to answer. But I would say it depends on the market valuations 😅.

[@stevenbond4637]

looking at other of their interviews, their cash seems to be something like 5% ish. If the market is cheap it could be 0% cash, around 2000 before they crash stuff was too dear for them so they had about 30% cash, but typically they seem to keep about 5% cash, even less. They are usually selling something going up to buy something else going down. When everything drops 10% they don't do much cause they don't have too much cash about, the aim is zero cash, but they can't do it unless they think they are getting a 15% return of so on something

[@soycristinavaldivieso]

como se puede invertir en ese fondo_¿?

[@GoodInvestingTalks]

You should message them: www.turtlecreek.ca/

[@neckbone6976]

Utter waste of 30mins.

[@GoodInvestingTalks]

Why?

[@neckbone6976]

@@GoodInvestingTalks like watching a politician say nothing

[@stevenbond4637]

@@neckbone6976 this lad is getting 20% returns for a decades with low risk, he's one of the best investors in the world, the strategy is really brilliant, I think, but each to their own