The discussion centers on the investment philosophy and strategy employed in running the Funds with Equity Fund. It emphasizes the power of compound interest, achievable primarily through equities, where reinvested profits drive long-term value. The strategy involves investing in approximately 20 established companies with high returns on capital, typically within the consumer, healthcare, and technology sectors, with a significant portion being US-listed. A key metric is free cash flow yield relative to government bond yields, combined with estimated growth rates, to project returns. The approach favors companies with intangible assets, like strong brands, and stresses the importance of patience and in-depth analysis of company accounts, particularly scrutinizing adjustments to reported numbers.
Sign in to continue reading, translating and more.
Continue