Interview. Bill Nygren on 25 Years of Beating the Market

About this episode

Drew Cohen interviews legendary investor Bill Nygren about his investment strategies and insights gained over 25 years of beating the market.

In this incredible interview I spoke with legendary investor Bill Nygren, who has beaten the market over a 25 year period by around 200bps. This is an extremely hard and rare feat. In our wide-spanning conversation Bill tells us about everything from his investment process and valuation framework to how to value a cyclical business, the importance of management, investing lessons from Netflix & Meta, as well as what a lot of value investors get wrong. We even had time to talk about his Salesforce and Airbnb postions a bit. We hope you enjoy! You can find a video version of this podcast on YouTube here *~*~*~*~* Get access to all of Speedwell Research's in-depth Research Reports here. If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to info@speedwellresearch.com -*-*-*-*-*-*-*-*-*-*- Show Notes (0:51) — Bill Nygren's Investment Philosophy (4:15) — Valuation Timeframe (9:22) — Is There a Thing as Fair Value? (12:19) — Investing in Banks (17:30) — Why Haven't We Had a Normal Recession? (18:43) — How to Value a Cyclical Business? (23:24) — How Confident Can You Be on Your Downside? (24:36) — Does the Quality of…

People in this episode

Host: Drew Cohen

Guest: Bill Nygren

Topics covered

• investment process
• valuation framework
• cyclical business valuation
• management importance
• investing lessons
• market performance

Keywords

• investment
• valuation
• cyclical business
• management
• investing lessons
• market performance
• Bill Nygren

Mentioned in this episode

Organizations: Speedwell Research, Netflix, Meta, Salesforce, Airbnb

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