저자: 미상 · 한국인
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영국 출신 Michael Lindsell의 학력(옥스퍼드 정치학·경제학)과 금융 경력(Rothschild 계열 Rott Fleming, Barclays Global Investors, 일본 Micott Asset Management CIO 등)을 소개. 1998년 Nick Train과 Lindsell Train 설립, 20년 이상 연평균 10% 이상 수익 주장. 장기보유·품질 중시·낮은 회전율이 핵심 철학. 닌텐도·디아지오·하이네켄 등 브랜드 기업 투자 성공 사례와 교육 등 실패 사례를 언급. 대상 자산에 대한 가격 방향 예측 발언은 없음.
다듬은 글
Michael Lindsell's Life and Philosophy Early Michael Lindsell's Life and Philosophy Early Michael Lindsell's Life and Philosophy Early Life and School Days Michael Lindsell was Life and School Days Michael Lindsell was Life and School Days Michael Lindsell was born and raised in England. Growing up in an academically stimulating environment, he showed a strong interest in history, philosophy, and numerical analysis from a young age.
His school days were deeply influenced by his 19 years of education in the UK, and he majored in political science and economics at Oxford University. He was fascinated by the works of Adam Smith, June St. Mill, and Benjamin Graham, and constantly contemplated the rationality and irrationality of thought.
His Tuda philosophy originated from a combination of a geocentric perspective and long-termism, as formed during this period . Michael Lindsell's Career Michael Lindsell has been active in the financial industry for over 30 years. He initially began his career at Rott Fleming as an international equity investor and later moved to Barclays Global Invests to oversee global asset management strategies.
In 1994, he served as the Chief Investment Officer at Micott Asset Management in Japan and gained insights into the Asian market . Et did. In 1998, he publicly slit the investment management firm Lindsell Train with Nick Train . This firm became famous for its strategy of discovering rare companies and holding them for the long term.
Lindsell Train is currently considered one of the UK's leading long-term value swimmers. Michael Indsell's investment philosophy. Michael Landsl's investment philosophy is summarized by three keywords: long-term holding, seesaw, and quality focus . He says that we want to become a long-term partner of a great company .
The core principles are as follows . We prefer companies that possess brands, intellectual property, assets, and a loyal customer base . Maintain a low-turnover portfolio and focus on long-term corporate value rather than short-term market trends . It places importance on management's ability to allocate capital and also views insider ownership as a factor.
He also displayed the characteristics of a contrarian investor who turns excessive market reactions or fear into opportunities . Based on the belief that the essence of investment is consistency rather than change, he focuses on the essence rather than trends or fads. Michael Lindsey's motto is that we protect good companies for as long as possible after finding them.
The greatest investors do not move often . Stock prices are emotions, but companies are reality. Do not try to predict short-term performance; instead, understand the company's problems. Rest is an asset. Good companies make time a friend, while bad companies make time an enemy. The market may be a homecoming, but companies are living on numbers .
Investing is not a race, but a marathon. Our goal is to be a corporate partner, not a trader. The unchanging Shinnium is the best shield. Michael Lindsell's Major Achievements and Lessons Since its founding, Lindsell Train has grown into a world-class value house with an average annual return of over 10% for more than 20 years .
Strengthening investment in Japanese companies; achieving high returns through concentrated investment in Japanese consumer goods and miracle asset firms; expanding long-term holding strategies; spreading the wisdom of long-term holding to UK and Japanese investors while aiming for a 0% turnover; sharing this philosophy with general investors through investor education and the Windsell Train Investment Letter; providing insights into global brands; and popularizing brand value- driven investing in companies such as Heineken, Nintendo, and Diageo.
These are Michael Lindsell's signature strengths. Furthermore, Lindsell asks, "Isn't your investment strategy too passive?" asked. In response, he simply asked, "Do you think a wine collector who knows value buys and sells wine every day?" This remark clearly illustrates his philosophy: that true value comes directly and is internalized .
Michael Lynn & Newse's Success Stories Nintendo Investment: Reaped significant profits by concentrating purchases on auto-increasing Nintendo when market interest was low ( Universal long-term holding). Investing in companies that consistently possess brand value even amidst volatility. Giagio Investment: Early identification of the intellectual property value of consumer goods companies.
London Stark Exchange Investment: Verified the sustained profitability of financial infrastructure companies (Inner view). Successfully evaluated brand loyalty and premium strategies within Japan (Michael Lynn & Newse). Michael Lynn & Newse's Failure Stories Kier Stock: Successfully evaluated brand loyalty and premium strategies within Japan (Michael Lynn & Newse).
Michael Lynn & Newse's Failure Stories Kier Stock: Long-term losses due to failure to respond sensitively to changes in the education industry. Hugo Buss Long-term losses due to failure to respond sensitively to changes in the education industry. Hugo Buss Long-term losses due to failure to respond sensitively to changes in the education industry.
Hugo Buss Investment: Proposed recovery after damage to brand value. Tasker Gashin: Substitute for structural changes in retail. Kuda Past Substitute for structural changes in retail. Kuda Past Substitute for structural changes in retail. Kuda Past Investment: Judgment on companies that failed in digital integration.
Some Japanese Western Stocks: Below-expected performance due to insufficient liquidity. Relationships with Key Figures Nick Train: Longtime partner and Relationships with Key Figures Nick Train: Longtime partner and Relationships with Key Figures Nick Train: Longtime partner and co-founder of LindySell Train.
Walder: A figure strongly influenced by his philosophy, although there is no direct relationship. Benjamin figure strongly influenced by his philosophy, although there is no direct relationship. Benjamin figure strongly influenced by his philosophy, although there is no direct relationship. Benjamin Graham: The impact of Indsell's value investing and crack formation.
Peter Lynn: A figure influenced by consumer goods brand- formation. Peter Lynn: A figure influenced by consumer goods brand- formation. Peter Lynn: A figure influenced by consumer goods brand- centric investment ideas. Charlie Mungery: Deep respect for his thinking and philosophy of introspection. Michael Deep respect for his thinking and philosophy of introspection.
Michael Deep respect for his thinking and philosophy of introspection. Michael Indsell's Charity Activities: Michael Indsell has been donating a portion of his proceeds to memorial institutions for the wounds of the community and culture. In particular, youth have a strong interest in financial education and classical philosophy, and are sponsoring educational programs that contribute to improving investors' thinking and judgment skills.
Windsell, who dreams of the future, says he hopes the virtues of long-term capital do not disappear. He wants to continue maintaining Windcell Train as a symbol of capital with a philosophy rather than short-term profits, and wants to convey a message to young investors to prioritize direction over speed.
In conclusion, Michael Landisel is a philosophical long-term investor in the investment world. He has built a successful track record through unwavering consistency and conviction, even in a rapidly changing market . His life can be described as the epitome of an investor who pursues depth over speed and meaning over efficiency .
The greatest similarity he left behind is not the rate of return, but a deep reflection on how to think and act toward the latter.
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