Richard Cook - Traversing For Value

Richard Cook, Co-Founder of Cook and Bynum, stops by The Business Brew to discuss his approach to global investing. Richard discusses his concentrated investment strategies, focusing on emerging markets, government dynamics, consumer behavior, and intrinsic value. Highlighting key investments in markets like Mexico, Turkey, Pakistan, and Bangladesh, Richard discusses operational execution, investor relations, and long-term strategic planning. The episode also covers strategic investments during the Greek financial crisis, the role of conservative management, and the importance of understanding market dynamics. With reflections on experiences in South Africa, Costa Rica, and Turkey, this conversation offers invaluable insights into global investment strategies and the essential qualities of successful business leaders. Tune in to gain expert knowledge on navigating global investments and building a successful investment firm.    00:00 Welcome to The Business Brew  00:07 Introducing Richard Cook  00:45 Investment Philosophy and Strategy  01:09 Shoutout to the Editing Team  02:30 Starting the Interview with Richard Cook  03:02 Emerging Markets and Government Influence  04:15 Investment Holdings and Long-Term Strategy  07:47 The Power of Buybacks and Controlling Shareholders  14:44 Avoiding Bias in Investment Decisions  19:08 Lessons from Past Investments  24:54 Navigating Market Cycles  34:18 Insights on Bottling Businesses  46:58 Premiumization in the Beverage Industry  48:15 Global Consumption Patterns  49:53 Investment Strategies and Intrinsic Value  51:29 Challenges in Forecasting Business Durability  53:32 Insights on Company Valuation  55:15 Case Study: Kraft and Mondelez  59:01 AB InBev and Craft Beer Market  01:09:59 Investment in Jumbo During Greek Crisis  01:20:39 Evaluating Emerging Markets  01:25:55 Building an Investment Firm  01:28:34 Conclusion and Final Thoughts 

Om Podcasten

Welcome to The Business Brew This podcast’s mission is to dig deep into the thought patterns and analysis of investors and business people. The podcast stemmed from Bill Brewster consistently feeling like he was listening to prepackaged material while listening to podcasts. Instead, he wanted long form, in depth, discussions about finance, capital allocation, and the psychology of investing/business. Bill is a private investor. He cohosts the podcast Value: After Hours with Tobias Carlisle and Jake Taylor. Tobias, Jake and Bill met at a Berkshire Hathaway meeting and formed a lasting friendship. And, as it turns out, people really like the podcast. While Bill tries to replicate Warren Buffett and Charlie Munger’s thought processes, he is heavily influenced by Bill Miller III, Stan Druckenmiller, and others. This podcast is his attempt to dig deeper into other investing/business philosophies and share the knowledge with the world. We are interested in interviewing portfolio managers, Wall Street sell side analysts, buy side analysts, private investors, owner operators, and anyone that is willing to go in depth about running a company/division. So, if you are interested in participating please email us with the subject “Guest Appearance.” Disclaimer: Bill manages a portfolio under the name of Sullimar Capital Group. This podcast is for informational and educational purposes only. Nothing in this podcast or on SullimarCapital.Group is investment advice. All information in this is opinion based, potentially biased, and requires verification. Bill and his guests make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in these podcasts. Any assumptions, opinions and estimates expressed constitute the participant’s judgment as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions as to market conditions and there can be no guarantee that any projected outcomes will be achieved. This podcast does not accept any liability for any direct, consequential or other loss arising from reliance on the contents of this presentation. This podcast series DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICIATION OF AN OFFER TO BUY ANY SECURITIES MENTIONED OR DISCUSSED. Seek the your financial, tax, legal, accounting, or other advisor’s advice before making any investment decisions. We are not your fiduciary or advisor.