In this week’s episode we discuss systematic simplicity, and how more moving parts can mean that there are more things to go wrong. Here’s what we cover and discuss: • Why discounted cashflow calculations are difficult • What’s the best way to value a company? • How the great investors can end up with simple systems and variables • Do computers add any value for investors? • Why simple doesn’t mean thoughtless • Some simple models for investing • Calm and circumspect: how systems can reduce emotional reactions • Repeating behavioural investing • Good decades and not-so-good decades • Why are investors drawn to complexity? • Our 8 timeless principles for investing Books referred to: Ben Graham - Security Analysis Ben Carlson – A Wealth of Common Sense Ben Graham – The Intelligent Investor James Montier – Value Investing Thanks for listening! Download a free chapter from our book ’Low Rates, High Returns’ www.lowrateshighreturns.com/book Pete Wargent: www.petewargent.com/ www.linkedin.com/in/pete-wargent-37228322/ Stephen Moriarty: twitter.com/SGM63