Kyler Hasson: Buying Quality Compounders At A Fair Price

<p>This week I chat with Kyler Hasson, investment manager and founder of <a href="https://concentratedcompounding.com/privacy-policy/">ConcentratedCapital.com</a>. Kyler loves buying great businesses that can compound invested capital over long periods of time. In other words, he's a Compounder Bro. Kyler didn't follow the "normal" investor path, if there is one.&nbsp;</p> <p>He started dabbling in investing at age 18 and was immediately hooked on quality investing. Hasson skipped much of the cigar-butt stage and instead spent his time learning about the best businesses possible, and trying to hold them for long periods of time.&nbsp;</p> <p>Our conversation covered a wide breadth of topics, including:&nbsp;</p> <ul> <li>Competitive advantages and churn rates in banking</li> <li>Quality and Valuation&nbsp;</li> <li>Portfolio Allocation</li> <li>Psychology of managing other people's money&nbsp;</li> </ul> <p>And more!</p> <p>Here is the show time-stamp:&nbsp;</p> <ul> <li>1:00 - Intro</li> <li>9:11 - TransDigm $TDG</li> <li>20:44 - Portfolio Construction&nbsp;</li> <li>28:05 - Underwriting Returns</li> <li>36:59 - Banking and Competitive Advantages</li> <li>43:04 - Holding Only The Best Ideas</li> <li>49:58 - Managing Other People's Money&nbsp;</li> <li>58:24 - When To Give People Their Money Back</li> <li>65:51 - Where Kyler's Finding Ideas&nbsp;</li> <li>75:06 - Closing Questions</li> </ul> <p>If you want to learn more about Kyler, check out these resources:&nbsp;</p> <ul> <li><a href="https://concentratedcompounding.com/">Concentrated Compounding Website</a></li> <li><a href="https://twitter.com/willis_cap">Twitter</a></li> </ul>