Anthony Deden, chairman of Edelweiss Holdings talks with Grant Williams of Real Vision. Anthony’s focus on scarcity and endurance in his investment portfolio and the stewardship of what he thinks of as irreplaceable capital has led him to reinvent the discipline of value investing. Tony’s thoughtful, patient approach to the allocation of his investors’ capital has yielded exceptional returns – and his disciplined investment philosophy offers an eye-opening insight into many of the problems inherent in the modern-day asset management business.
Here are some of the key characteristics Tony looks for in assets when he is investing his capital for the long term.
Scarcity : Most important law in economics, no one can have all they want, it is a natural, there is scarcity in material, money, skill sets, character in men that we like. It is an important ingredient in any action that deploys capital.
Endurance or Permanence : Look for kind of policies, design and purposeful behavior that is designed to endure rather than just grow, you can grow and become fragile and die and thats not good.
Independence : Much of our world is inter-dependent ( e.g energy, supplies ) , on credit creation create Ann environment of competition that is not natural , on key customers, on government - dependences makes one fragile and more independent a business it has better chance of endurance.