๐ฃ๏ธ Investor Talk #28: Leandro Gonzรกlez-Sicilia
Analyst & Main Contributor - Best Anchor Stocks
Welcome to Investor Talk โ where we interview successful investors to uncover their journeys, strategies, and the lessons they've learned. Get inspired by real stories and gain valuable insights to sharpen your own investment approach.
Every interview follows the same set of sharp, insightful questions โ such as โWhat is your investment strategy?โ, โWhat are your highest conviction stocks?โ, and โWhatโs the biggest investment mistake youโve made?โ
In this edition, we have the pleasure of interviewing:
Name: Leandro Gonzรกlez-Sicilia
Age: 28
Residence/Country: Spain
Invests since: 2014
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Unfortunately in Spain the investment culture is very poor, probably due to the fact that many people had money in stocks during the Global Financial Crisis and the index was heavily skewed to construction/banking. Stocks in Spain are somewhat seen as a taboo, especially if they don't pay dividends because non-dividend payers tend to be seen as very speculative. Even in an Economics degree in University it's tough to learn about the stock market, but I fortunately had the chance to take a course on Financial Markets which got me interested. From that moment on I began reading about the usual suspects: Warren Buffett, Peter Lynch, and Phil Fisher. At first, though, I was so inexperienced that I started investing in index funds until I finally got comfortable with individual stocks.
That's how I got interested in investing. As for work, when I graduated I went into consulting. The investment management industry is not enormous in Spain and it's tough to get in, especially because it's not viewed as a normal career path. At university job fairs you'll see all the auditors, all the consultants, but you'll rarely see investment management as an industry to be honest. You do get investment banking but I mean we all know that it's not investing. When I graduated I honestly didn't know what I wanted to do professionally, which is why I ended up in business consulting. I worked there for 5 years until I got an opportunity to make a living from investing, which I obviously chose to pursue because it's what I love! Now I run Best Anchor Stocks, an investment research service focused on high-quality durable businesses. The goal is to achieve market outperformance with a portfolio that's not tough to hold.
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I focus on high-quality durable companies, obviously not at any price. I believe these have several advantages.