Nov 24, 2021
The one and only David Gardner stops by The Business Brew for an interview Bill has been looking forward to for over a year. David is a Co-Founder of The Motley Fool. He is best known for his Rule Breaker investing strategy but Bill knows him as a person that forced Bill to contemplate how he looks at investing.
You can find David’s Rule Breaker podcast at https://www.fool.com/podcasts/rule-breaker-investing/,
follow him on Twitter at @DavidGFool, and sign up for The Motley
Fool at https://www.fool.com/. See
also his podcasts with Invest Like The Best
https://podcasts.apple.com/dk/podcast/david-gardner-finding-companies-that-break-the-rules/id1154105909?i=1000392148108
or
https://open.spotify.com/episode/4bwyONARX4WeVcsPYosiuR?si=H8lR4qlwTgS92N5u6IQ2mA
and Wealth Track
https://wealthtrack.com/category/guests/david-gardner/
We hope you enjoy the discussion. Detailed show notes
below the Stream by Mosiac sponsor copy and thank
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Album art photo taken by Mike Ando. Please see https://www.mikeando.com/
Thank you to @mathewpassy (on Twitter) for
the show production.
Audio/YouTube
5:24 – David’s minimum investment time horizon
8:30 - What running a business did for David’s investments
14:30 - Rule Breaking for the long term
19:30 – David’s thoughts on investing vs. trading
27:40 - Interest rates and how they impacted Rule Breaker returns
33:56 - Remarkable CEOs that can scale public companies
40:40 - The importance of teams in investments
42:50 - The Snap Test
48:50 – How Paul Gardner helped the Motley Fool get started
53:00 – David points out that he picks a lot of losing stocks too!
55:00 – The importance of the willingness to hold
62:50 – Spiffy pops
66:45 – What is an New and Important Industry?
71:21 – Adding to winners
77:44 – Being comfortable with concentration
83:00 – Chasin’ Teenies (this is a stock term)
86:45 – Winner math
91:17 – Live backwards and pick stocks today
94:34 – The risk that private equity and venture capital capture returns that used to be available to public market investors.
96:30 – What is next for David Gardner?
105:00 – The difficulty of internet advertising