Brian Feroldi (@brianferoldi on Twitter) joined The Business Brew to discuss his investment philosophy. Brian is doing some very cool things to spread the message of personal finance and intelligent investing. Matt Cochrane (@matt_cochrane on Twitter) and Austin Lieberman (@libermanaustin on Twitter) vouch for him as a person. That means something to Bill.
As for the discussion, Bill enjoyed speaking to Brian very much. Brian is process driven, open minded, and implements a different style from Bill's. Thus, he's exactly the type of guest Bill looks to speak to.
Bill's takeaways from this conversation are as follows:
Brian is smart, writes everything down, has an intelligent mental model of how the world works, is trying his best to do something positive for the finance industry, and has a passion for learning. He looks for businesses with huge potential and market caps that are capable of growing for a long time. He articulates some of the concepts behind David Gardner's "Rule Breaker" philosophy very well in this episode.
Studying the philosophy that underlies Brian's strategy has been a great experience for Bill. The strategy is very different from Warren Buffett's, but it has created impressive outcomes for those that follow it. While Buffett takes large swings, Brian's strategy involves owning many companies and allowing the stocks to grow into concentrated bets. As he says, "make your biggest holdings earn their spot."
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