Episode 23: Keep it simple, stupid!

In this week’s episode we discuss systematic simplicity, and how more moving parts can mean that there are more things to go wrong. Here’s what we cover and discuss: • Why discounted cashflow calculations are difficult • What’s the best way to value a company? • How the great investors can end up with simple systems and variables • Do computers add any value for investors? • Why simple doesn’t mean thoughtless • Some simple models for investing • Calm and circumspect: how systems can reduce emotional reactions • Repeating behavioural investing • Good decades and not-so-good decades • Why are investors drawn to complexity? • Our 8 timeless principles for investing Books referred to: Ben Graham - Security Analysis Ben Carlson – A Wealth of Common Sense Ben Graham – The Intelligent Investor James Montier – Value Investing Thanks for listening! Download a free chapter from our book ’Low Rates, High Returns’ www.lowrateshighreturns.com/book Pete Wargent: www.petewargent.com/ www.linkedin.com/in/pete-wargent-37228322/ Stephen Moriarty: twitter.com/SGM63