Ep. 29 - Anglo Dutch Value Investing with Keith Smith

Keith Smith is the Founder and Portfolio Manager at Bonhoeffer Capital Management. Bonhoeffer is a value-oriented investment partnership that seeks to grow capital at a faster rate than market indices over full market cycles and provide minimal exposure to permanent loss. Richard talks to Keith about his electrical engineering background and his transition from a Business Valuation Expert to an Investment Fund Manager. *Value versus Growth Business Valuation. Identifying great investment opportunities. Anglo Dutch Public Companies and so much more. To learn more about Keith please visit . To learn more about Richard or to request a transcript of the podcast please visit . Show Notes: (1:08) Keith's Background (02:35) From Electrical Engineering to Business Valuation (04:47) Value versus Growth Investing; Operational Leverage (08:47) Current Stock Market Valuations; Ben Graham, China and QE (14:40) Starting an Investment Partnership; Investment Mistakes (19:11) Keith's circle of competence and investing in companies with high Free Cash Flow; Telecom and Media (24:03) Shareholder governance and how large institutions can do better (27:54) Management alignment of interest and the Dutch East India Company (29:18) Anglo Dutch Roots and Keith's explanation of why some countries deserve higher multiples; Netherlands Cost of Capital Advantage; Emerging Markets (34:43) Investing in Europe, Taxes, China, Disruption, UK (39:09) Some investment ideas and themes including Asbury Automotive (AGB), Consolidated Communications (CNSL), Builders FirstSource (BLDR) (48:12) When Keith exits an investment / sell criteria (55:28) Keith's thought on inflation

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Ep. 29 - Anglo Dutch Value Investing with Keith Smith is an episode from Riches in the Niches Investor Podcast by Richard Sosa.

This episode is 58:38 long.

This episode was published on Sep 21, 2021.

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