QAV S01E01 — Get Rich Slowly

Welcome to our new value investing podcast.

My mate Tony is a very suc­cess­ful pri­vate investor. For the last 25 years, his share port­fo­lio has, on aver­age, dou­bled the per­for­mance of the stock mar­ket, every year. On this first episode, Tony tells me his sto­ry — how he went from grow­ing up poor in Bris­bane, to start­ing his invest­ment port­fo­lio, los­ing half of it in the first year, work­ing out the kinks, to becom­ing very, very good at it and get­ting rich — slow­ly.

In future episodes, he’s going to teach me his check­list-based sys­tem for val­ue invest­ing. If you’re not famil­iar with that con­cept, it’s how guys like War­ren Buf­fett invest. Val­ue invest­ing is basi­cal­ly the idea of find­ing high qual­i­ty com­pa­nies with a strong track record of gen­er­at­ing lots of cash, but whose share price is for some rea­son cur­rent­ly under­val­ued. You buy those stocks and wait for the mar­ket to catch up.