Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by Excess Returns. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Excess Returns or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Finding Great GARP Stocks with David Giroux

1:01:01
 
Share
 

Manage episode 487752312 series 2581243
Content provided by Excess Returns. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Excess Returns or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

David Giroux, CIO and Head of Investment Strategy at T. Rowe Price Investment Management, has achieved something rare in investing—beating his Morningstar peer group for 17 consecutive years. In this conversation, Giroux shares his investment philosophy, including how he identifies GARP (growth at a reasonable price) opportunities, adapts to market inefficiencies, and constructs a resilient portfolio. He also discusses his outlook on AI, interest rates, market cycles, and why long-term thinking remains a powerful edge in today's short-term-obsessed market.

We cover:

Why most investors overlook high-quality GARP stocks—and how Giroux takes advantage

How he navigates market cycles with 5-year IRR forecasts

Why long-term thinking gives him a contrarian advantage

The impact of AI on productivity, employment, and portfolio margins

His quantitative and qualitative approach to evaluating companies

What investors get wrong about financials, utilities, and passive investing

The CEOs he admires most—and what makes them exceptional

Why he thinks macro forecasts (including Fed-watching) offer little value

  continue reading

345 episodes

Artwork
iconShare
 
Manage episode 487752312 series 2581243
Content provided by Excess Returns. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Excess Returns or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

David Giroux, CIO and Head of Investment Strategy at T. Rowe Price Investment Management, has achieved something rare in investing—beating his Morningstar peer group for 17 consecutive years. In this conversation, Giroux shares his investment philosophy, including how he identifies GARP (growth at a reasonable price) opportunities, adapts to market inefficiencies, and constructs a resilient portfolio. He also discusses his outlook on AI, interest rates, market cycles, and why long-term thinking remains a powerful edge in today's short-term-obsessed market.

We cover:

Why most investors overlook high-quality GARP stocks—and how Giroux takes advantage

How he navigates market cycles with 5-year IRR forecasts

Why long-term thinking gives him a contrarian advantage

The impact of AI on productivity, employment, and portfolio margins

His quantitative and qualitative approach to evaluating companies

What investors get wrong about financials, utilities, and passive investing

The CEOs he admires most—and what makes them exceptional

Why he thinks macro forecasts (including Fed-watching) offer little value

  continue reading

345 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Copyright 2025 | Privacy Policy | Terms of Service | | Copyright
Listen to this show while you explore
Play