TIP652: BEST QUALITY IDEA Q3 2024

W/ CLAY FINCK & KYLE GRIEVE

15 August 2024

On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q3 2024. This quarter, they discuss Old Dominion Freight Line.

Over the past 20 years, Old Dominion has been one of the best performing stocks in the market. This seemingly boring best-in-class trucking company outperformed well-known companies like Amazon, Costco, and Microsoft. Tune into today’s episode to hear Clay and Kyle’s thoughts on Old Dominion’s business and what the prospective returns might look like going forward.

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IN THIS EPISODE, YOU’LL LEARN:

  • What is important to know about Old Dominion’s history going back to the Great Depression?
  • An overview of Old Dominion’s business model and competitive advantages.
  • The development of the LTL trucking industry over the past 20 years.
  • Why Old Dominion Freight Line has similar competitive advantages to Copart.
  • And so much more!

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:00] Clay Finck: On today’s episode, Kyle, and I will be covering our best quality stock idea for Q3, 2024. This is the quarterly series where we share a quality stock that we find to be interesting and worth considering for our own portfolios. Even if you aren’t interested in individual stocks or necessarily interested in the company we’re covering today, you may find value in hearing our own thought process for how we think about analyzing a business.

[00:00:23] Clay Finck: This quarter, we’re going to be covering Old Dominion Freight Line. Over the past 20 years, Old Dominion has been one of the best performing stocks in the market as their shares have compounded at 23 percent, while the S&P 500 compounded at just 10 percent with dividends reinvested. This seemingly boring, best in class trucking company outperformed well known companies like Amazon, Costco, and Microsoft.

[00:00:46] Clay Finck: During this episode, Kyle and I are going to share what we learned from studying this business and its history and why we believe it will be a strong performer going forward. We also share the insights we learned from other investors we chatted with who own this company such as Chris Mayer and Sri Viswanathan, both of which are previous guests on the podcast.

[00:01:04] Clay Finck: If you missed our previous three episodes of our best quality idea series, I’ve linked them in the show notes in case you’re interested in checking those out as well. And at the end of this episode, Kyle and I also discussed the live events we have coming up with our TIB mastermind community. With that, I hope you enjoyed today’s episode on Old Dominion Freight Line.

[00:01:26] Intro: Celebrating 10 years and more than 150 million downloads. You are listening to The Investor’s Podcast Network. Since 2014, we studied the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected. Now for your host, Clay Finck and Kyle Grieve.

[00:01:58] Clay Finck: Welcome to The Investor’s Podcast. I’m your host, Clay Fink. And today I’m joined by my cohost, Kyle Grieve for our Q3 2024 best quality idea series. Kyle, how are you doing today? I’m doing excellent. I’m looking forward to this episode.

[00:02:13] Kyle Grieve: I am as well.

[00:02:14] Clay Finck: So Kyle and I, we oftentimes consider ourselves to be what we can call quality investors.

[00:02:19] Clay Finck: And we found that many in the audience have resonated with that investment approach as well. And although there are many ways to win the game of investing, many of the best investors, Kyle and I have interviewed on the show and just studied through various books and such have adopted this approach of more generally just buying high quality businesses at fair prices.

[00:02:39] Clay Finck: So this is what this series is really all about. For those not familiar, the best quality idea series is where my cohost Kyle Grieve and I, we do a deep dive on a quality stock that we believe is worth taking a closer look at. So this is the fourth episode we’ve done in this series. And I’ll be sure to get the others linked in the show notes for those that are interested, because it’s been quite well received by the audience.

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