Many equity investors tend to be optimists, counting on their portfolio’s winners to offset losers. Prospector founder John Gillespie has a different philosophy. Mr. Gillespie and his team spend just as much time considering what could go wrong with a stock as they do determining what could go right. Striving to avoid large losses is part of the Prospector DNA, as the team knows it is a critical component to compounding money.
In the second podcast in this series, Mr. Gillespie is joined by Havener Capital Partners founder Stacy Havener to tell us more about the Prospector investment philosophy and approach.
This includes details on:
• The firm’s Private Market Value and Free Cash Flow investment approaches
• How the firm constructed their well-tenured investment team
• Reflections on the Global Financial Crisis
• Characteristics of the different funds
Click on button below to access the interview. (Previously Recorded in January 2020)