Learning from Markets in Chaos
Interview with Brendan Hughes, Author and Investment Advisor at Lafayette Investments
Our guest on the show this week was author and investor, Brendan Hughes, CFA. Brendan wrote a very interesting book entitled Markets in Chaos where he analyzed various boom-and-bust cycles that have happened over history. Brendan is also on the investment team at Lafayette Investments, a Maryland-based RIA. In this wide-ranging discussion, we covered:
· The major lessons he learned from writing Markets in Chaos
· Lafayette’s approach to security selection;
· How he and his firm define a quality company;
· Similarities and differences between today and the 1970s US energy crisis; and
· Why he has a strong distaste for the value and growth labels that get placed on investment strategies.
Please enjoy the episode here:
When you host a podcast called Compounders, you inevitably talk a lot about "quality" companies. But every investor has a different definition of quality. When I asked Brendan about the type of companies his firm gravitates toward, he highlighted a number of different elements of quality.
We have a strong backlog of interviews that will continue to be released throughout the summer. We hope you enjoy the mix of investors and CEOs.
Sincerely,
Ben Claremon