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Drew and Meb navigate behavioral biases, consider opportunities in European vs US stocks, and of course discuss Tesla.
Today’s guest is Drew Dickson, founder of Albert Bridge Capital and CIO of Alpha Europe funds. We talk a lot about global investing on this show and wanted to talk about that with Drew given his focus on European markets.
Between the end of 1979 and the end of 2009, both the U.S. and Europe were 26 baggers and roughly had the same returns. Since then? The U.S. has returned 15% per year while Europe has returned just 8% per year. We spend a lot of time on whether this will continue.
We also talk about the impact former guest and Nobel Laureate Richard Thaler had on his investment philosophy, the importance of shedding our biases to generate alpha, his valuation of Tesla, and much more.To see links or read the transcript of the episode, visit us here
(0:52) - Welcome Drew the show
(1:37) - Drew’s time learning from Richard Thaler
(8:10) - Handling behavioral biases
(10:59) - Experiencing the tech bubble in Europe
(15:06) - Drew’s focus on investing in European firms
(28:03) - Where Drew sees opportunity today
(39:48) - Tesla
(53:42) - Drew’s most memorable investment
FOOTNOTES
DISCLAIMER
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Here We Go
I will try as always to be objective here, but maybe some bias will be revealed in the process. I hope not, and I am sure you will let me know if I do. Given how politically charged things can be these days, I am bound to upset someone. That is not my intention. Not one bit. I am trying to help. I’m trying to help our investors. I’m trying to help my friends. I’m trying to help myself.
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