Podcast Episode Details
Back to Podcast Episodes
TIP669: Quietly Compounding at 20%+ Per Year w/ Derek Pilecki
Episode 945
On today’s episode, Clay is joined by Derek Pilecki.
Derek is a managing member and portfolio manager at Gator Capital Management, which manages Financials sector long/short portfolios for private partnerships and mutual funds. Since its inception in July 2008, Gator Capital has compounded capital at 21.0% per annum versus 11.8% for the S&P 500 over the same time period.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:48 - Derek’s experience of launching a financials-focused fund 10 weeks before the collapse of Lehman Brothers.
12:13 - Derek’s advice to aspiring hedge fund managers.
14:30 - How Derek achieved a return of 186% in 2009.
14:30 - What led Derek to purchase General Growth Properties, whose stock increased by 20x in less than one year.
23:25 - Why Warren Buffett likes financial companies, especially the big banks.
27:38 - Why Derek puts his focus on financial companies.
33:36 - How banks can create a sustainable competitive advantage in their market.
36:08 - Why First Citizens Bancshares is Derek’s top position in his fund.
46:44 - An update on the current market conditions for banks.
50:21 - How a high inflation environment would impact banks.
52:53 - Why Derek is long Robinhood.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Derek’s fund: Gator Capital.
- Derek’s letters.
- Related Episode: Listen to TIP634: Value Investing Fundametals w/ John Huber, or watch the video.
- Follow Derek on Twitter.
- Follow Clay on Twitter.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps
Published on 1 year, 2 months ago