The Rules of Investing: Is Value Dead?

Today's guest is Kurt Winrich, Co-CEO and Portfolio Manager at WCM Investment Management, and he’s got a very different take on what a great long-term investment looks like. When Warren Buffett first started buying businesses with ‘moats’ in the 80s, such as Coca Cola, his disciples thought he was crazy. More than 30 years later, buying businesses with a moat is accepted wisdom. Morningstar even offers a 'moat rating' on thousands of stocks from around the world. WCM is a staff-owned firm in Laguna Beach in California that manages over AU$36B for clients globally. They act as the investment advisor for Contango's Global Growth LIC, and will shortly be launching an Exchange Traded Managed Fund on the ASX. In today’s podcast, we discuss the importance of culture, why the size of your moat doesn’t matter, and where the world’s biggest opportunities will come from in the coming years.

Om Podcasten

The Rules of Investing is one of Australia’s longest-running business podcasts, providing investors with unparalleled access to the ideas and insights of Australia’s leading fund managers, economists and industry experts. Learn how the industry’s best invest, with the help of Livewire’s Ally Selby, James Marlay and Chris Conway. Whether you’re new to investing or a seasoned professional, this podcast is for you. New episodes are released every second Friday, available on Livewire Markets, Spotify, Apple Podcasts, and YouTube.