William Green chats with Harold J. (“Jay”) Bowen III, President & CIO of Bowen, Hanes & Company. Jay & his late father generated dazzling returns for their biggest client, the Tampa Firefighters’ & Police Officers’ Pension Fund. The fund’s stock portfolio has achieved an annualized return of 14.4% over 50 years & a cumulative return of more than 81,000%. Here, Jay explains how they pulled this off, sharing one of the great untold stories of the investment world.  IN THIS EPISODE, YOU’LL LEARN 00:00:00 - Intro 00:01:18 - How Jay Bowen’s father came to run the fund half a century ago. 00:05:44 - What makes the Tampa Firefighters’ & Police Officers’ Pension Fund special. 00:23:37 - How to thrive by slashing fees, shunning consultants, & thinking long term. 00:38:20 - Why Jay takes a top-down thematic investment approach. 00:42:37 - How the fund made a fortune buying Coca-Cola before Buffett. 00:50:02 - Why it pays to bet on extraordinary CEOs. 00:52:35 - Why truly long-term investors shouldn’t bother with bonds. 01:08:12 - How Jay is positioned to profit from the Fourth Industrial Revolution. 01:13:39 - How he thinks about pricey stocks like Nvidia & Costco. 01:19:18 - How he invests in smaller companies he sees as future blue chips. 01:21:52 - Why he’s obsessed with the Federal Reserve. 01:30:18 - How to invest successfully in times of market mayhem. 01:43:30 - How being an endurance athlete has helped Jay as an investor. 02:01:16 - How he structures his days to optimize performance. 💰 Build a life that’s truly Richer, Wiser, and Happier by joining William Green’s RWH Masterclass! Email kyle@theinvestorspodcast.com to join the waitlist. 🤝 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig and the other community members: https://theinvestorspodcast.com/mastermind 📚 Start accelerating your learning journey today. Sign up and listen to Richer, Wiser, Happier for free at https://theinvestorspodcast.com/audible ▶️ RELATED EPISODES: - A Margin Of Safety In Stocks & Life w/ Fred Martin: https://youtu.be/FoajhMa4DuM - A New Golden Age for Savvy Stockpickers w/ Bob Robotti: https://youtu.be/LPJTOBZw74E - Crushing The Market Over Four Decades w/ Thomas Russo: https://youtu.be/oqpeuaPyFMI - How to BEAT the Market | Joel Tillinghast & Uncovering the Art of Outperformance: https://youtu.be/GCwcqO9u_08 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/richer-wiser-happier/crushing-the-market-over-50-years-w-jay-bowen/ 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On Richer, Wiser, Happier, William Green interviews high-profile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life. 🌍 Website: https://www.theinvestorspodcast.com/richer-wiser-happier/  📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.