In this episode of the podcast, Eddy Elfenbein shares his buy list for 2025, a strategy he's been refining since 2006 that has consistently outperformed the S&P 500. He explains his stock selection approach, focusing on high-quality, undervalued companies that he typically holds for about five years. Eddy also highlights the standout performers from 2024, including FICO, Miller Industries, and Pfizer. He discusses his reasoning behind adding and removing stocks, like bringing Adobe into his portfolio because of its solid market position and recent stock price dip. The host also mentions his recent investment in Lumine Group (LMN), a spinoff from Constellation Software that targets media and communications software companies, noting its impressive return on invested capital and strong growth prospects. This conversation offers valuable insights into a disciplined, long-term investment strategy, complete with examples of both successful and less successful stock picks.
