Kenneth Andrade on Spotting Great Businesses, Market Cycles, and Playing the Long Game of Investing

I talk to Kenneth Andrade, Founder and CIO of Old Bridge Capital Management and Old Bridge Asset Management. Kenneth has over 32 years of work experience in equity research and funds management, which includes a formidable track record managing some of India's most successful equity funds. Join me as I delve into Kenneth's mind, exploring his remarkable journey as a money manager, his philosophy on investing and life, and the wonderful lessons he has learned along the way on spotting great businesses, understanding market cycles, and playing the long game of investing. #kennethandrade #vishalkhandelwal #safalniveshak #stockmarket #stockmarketinvesting #valueinvesting #indianmarket #theonepercentshow #stocks * * Subscribe to The One Percent Show on - Spotify - https://open.spotify.com/show/1iLAoxJ... Apple Podcasts - https://podcasts.apple.com/us/podcast... Amazon Music - https://music.amazon.com/podcasts/d09... 👉Subscribe to my newsletter 📃: https://www.safalniveshak.com/newsletter 📩 👉Join my investing courses 🔖: https://www.safalniveshak.com/courses 👉Buy my book: 📖 https://book.safalniveshak.com/ 👉Subscribe to my YouTube channel: ‪@khandelwal.vishal‬ 🔔 I also publish my work on: Website: https://www.safalniveshak.com/ Twitter: https://x.com/safalniveshak * * Chapters: 01:00 Introduction 03:06 Kenneth's early years and life lessons 05:32 What does Kenneth do, and why 07:33 Evolution as an investor and money manager 12:19 Four parameters of finding great investments 16:12 How business and market cycles work vs how investors behave 19:34 Investing is about NOT making big mistakes 21:24 Behaviors to avoid to avoid catastrophe along the compounding journey 25:41 Teaching the idea of long-term thinking 28:57 Assessing management quality and valuations 31:19 How much time to give to the investment thesis to play out 34:17 How to build the ability to change your mind when facts change 38:46 Dealing with the dilemma between confidence vs overconfidence 43:13 Bullish on economy, bearish on valuations 48:21 Kenneth's support system to deal with stresses of his work 51:46 How to deal with information noise while learning to make independent decisions 56:00 Advice to new investors 58:00 Advice to Kenneth's younger self 59:05 Single best piece of advice ever got 1:01:43 Book recommendations 1:05:47 What makes for a life well lived