Show Notes
In the inaugural episode of Far From The Finishing Post we speak to Sebastian Lyon, founder and chief investment officer of Troy Asset Management. In our conversation, we discuss the formative experiences Sebastian had when he first joined the industry, the founding of Troy Asset Management and how his investment philosophy and approach has evolved over the arc of his career. Show notes: [1:01] - Sebastian discusses the formative experiences early in his career [4:52] - Meeting L...
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Django Davidson is a fund manager at Hosking Partners. We discuss the nuances of capital cycle investing, the role of human behaviour in amplifying cycles, and Django’s thoughts on the unprecedented capital cycle we are currently living through. Show notes: [01:03] Django discusses his early career [03:32] Formative lessons from the GFC [05:20] The importance of independent thought [07:44] The capital cycle framework [09:23] How valuations and profits impact human agents [12:38] T...
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Sebastian Lyon and Charlotte Yonge co-manage Personal Assets Trust and Troy’s Multi-Asset strategy. We discuss the strategy’s evolution over the last 25 years, Troy’s equity-centric approach to multi-asset investing, and why creating a resilient portfolio is as relevant as ever in today’s world. Show notes: [01:34] Founding philosophy [04:21] Avoiding complexity [07:25] Reasons for not owning derivatives [08:45] Charlotte’s career [10:41] Becoming co-manager [12:35] How Sebastian ...
Seth Brennan is co-founder of Lincoln Peak Capital, which owns minority stakes in several asset management companies, including Troy. We discuss Lincoln Peak's long-term partnership model and the importance of autonomy and a strong alignment of interests as foundations for success. Show notes: [01:15] Seth discusses how he got into the industry [02:49] Joining Affiliated Managers Group [03:43] Lessons from AMG [06:37] Setting up Lincoln Peak [07:51] Starting a business in 2008 [10:01] The imp...