Grandma's Investing Wisdom and What to Own After the Fed's "Nixon" Moment with Alec Cutler

Alec Cutler runs one of the best-performing low-risk global funds and has a pragmatic investing approach. In this interview, we discuss inflation and markets and what this means for stock selection. Alec explains his views on what makes for a successful investment team. He also explains the principles of investing he learned as a child from his grandmother, which still guides his investing framework today.


00:00 Introduction
03:08 Getting into investing
07:30 How Alec joined Brandywine after the Navy, working with Tony Hitschler
10:20 About Jeremy Spiegel
11:36 How Alec’s experience in the Navy helped him in investing
12:40 Experience with Warren Buffet
15:37 Starting at Orbis in Bermuda- advantages and disadvantages of being away from the noise
18:45 The advantages of in-person meetings, especially visiting the company HQ
21:00 Why should you look back 100 years to predict the next 10
27:00 The role of a Currency Team
30:00 Portfolio
32:00 Inflation outlook
38:00 ESG, Greenflation
47:30 Why being early is just as bad as being late +why catalysts are important
49:45 The Cash Bubble and problems ahead
58:45 Dividents as part of Alec’s investing philosophy
1:04:23 Being a woman in investing
1:08:00 Building a diverse team

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