Buying a KFC chain for less than it’s worth, the importance of history and working with Scott Pape, with author Mike Kemp [EXTENDED VERSION]

Mike Kemp is a multiple-time author, a super-successful private investor, student of history a former dentist and analyst at Barefoot Investor. 

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I — Owen Rask — was blown away when I had the chance to Michael “Mike” Kemp. And I wasn’t disappointed.

Mike is a multiple-time author, a super-successful private investor, a former dentist, a student of history and a former analyst at Barefoot Investor.

This podcast is the extended version of what’s already appeared on The Australian Finance Podcast. It was also firmed, so I highly encourage you to sit down, perhaps with a coffee, pen and piece of paper, to absorb some of Mike’s wisdom.

Fun fact: Mike is the only guest of The Australian Investors Podcast that we have immediately invited to lunch with us (thankfully, he accepted) because we wanted to learn more.

In this special episode, Mike Kemp joins me and my Kate Campbell on The Australian Finance Podcast for a discussion about history, the future, human nature, his investment process, economics and living a life of purpose.

We cover a wide range of topics with Mike, including:

  • Mike Kemp’s origin story with money
  • What drew him to investing in shares over other asset classes like property or bonds
  • Why he titled his new book around the concept of “The Ulysses Contract”?
  • Some of those sirens that lead investors off course
  • Disciplines we can study to improve our skills and focus as an investor
  • How to gain an edge as investors. What does this look like to Mike, and is it possible to find an edge these days with AI?
  • What will it take for computers to become the greatest investors?
  • What does financial independence look like to Mike now, and how has it changed his life
  • The idea of having enough to do anything but not enough to do nothing
  • Working with Scott Pape and playing a big role in educating tens of thousands of Australians about investing
  • Some of Mike’s favourite investing books — he’s got ~700 on his bookshelf!
  • Mike Kemp’s #1 lesson on investing and life

I reckon we’ve recorded around 800 – 1,000 podcasts now.

This is one of my top 10 of all time.

If you agree, you’ll LOVE Mike’s new book. You can order a couple of copies by clicking here

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