Oddbjørn Dybvad is the co-founder of REQ Capital and a seasoned investor in global compounders. The focus of this episode is Oddbjørn's book “Investing in Value Creators" and our conversation covers management/investor mistakes, capital allocation, hyperbolic discounting, serial acquirers, and much more.

The episode was recorded on March 3, 2022. For more info about the podcast, go to the episode page.

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Episode Chapters

(00:00) Intro to Oddbjørn, REQ Capital, and the book

(06:56) The investment philosophy of REQ Capital

(16:09) Corporate culture as a moat

(17:40) Management mistakes and confident humility

(22:59) Quantitative metrics to determine value creation

(25:13) Hyperbolic discounting of cash flows

(30:47) Dealing with volatility

(33:12) Investor mistakes

(36:49) Information treatment

(38:53) Investing in Serial Acquirers

(44:42) Geographic split, reasons for selling & portfolio sizing

(49:36) Investing: Art vs. Science

(51:17) Book recommendations

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Books Mentioned

Investing in Value Creators - Oddbjørn Dybvad
The Outsiders - William Thorndike
Think Again - Adam Grant
100-Baggers - Chris Mayer
How to Win Friends and Influence People - Dale Carnegie

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More on Oddbjørn Dybvad

LinkedIn: https://www.linkedin.com/in/oddbj%C3%B8rn-dybvad-01575883/

Twitter: https://twitter.com/oddbjorndybvad

Website: https://reqcapital.com/

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Redeye's Serial Acquirers Event - May 18, 2022

https://www.redeye.se/events/832215/redeye-theme-serial-acquirers

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About the podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

Twitter: https://twitter.com/IB_Redeye

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What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

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What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

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Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se

#19 Oddbjørn Dybvad: Investing in Value Creators

Investing by the Books

#19 Oddbjørn Dybvad: Investing in Value Creators