Ep. 150: Richard Oldfield on Value Investing, Warren Buffet and Elon Musk

Richard founded Oldfield Partners in 2004. The firm is a value-style asset management firm with over $4bn in assets under management. Richard was Chairman of the Oxford University Investment Committee and of Oxford University Endowment from the latter’s inception in 2007 until 2014. He holds a BA Hons in History from Oxford University. His book about investing, ‘Simple But Not Easy’, was published in 2007 and new edition was published in 2022. 

In the podcast, we talk about: 

• Why smaller teams make better investment decisions 

• Why equities is the best asset class to invest in 

• Misplaced focus on volatility 

• Why pick value over growth 

• Why active rather passive 

• Best approach for value investing 

• Picking managers based on performance 

• Why meeting management is bad 

• Thoughts on Elon Musk 

• Why has value performed poorly over past decade 

• Investing 100% in equities or not 

• The trouble with private equity and hedge funds 

• Is Warren Buffet a value investor? 

• Outlook for value investing 

• Books mentioned: There’s Always Something to Do (Risso-Gill), The Most Important Thing (Marks), Intelligent Investor (Graham) 

You can contact Richard here

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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)