Chris Judd's Talk Ya Book Podcast · Chris Judd's Talk Ya Book

Andrew Brown

August 20, 2024·19 min·2 clips

Universal Music Group, a key Bolloré holding, owns the master recordings of The Beatles, The Rolling Stones, and 'just about anybody you've ever heard of.'

Portfolio manager Andrew Brown from East72 explains his fund's focus on family-controlled public companies, arguing they outperform due to long-term capital discipline. He presents a detailed case study on the French conglomerate Bolloré, tracing its 202-year history, its complex web of holdings (including Universal Music Group and Vivendi), and the investment opportunity created by its impending corporate simplifications.

As heard by us

Control-driven investing and a sharp read on music rights and market power.

Andrew Brown uses this Talk Your Book stop to make a plain case for companies where control stays concentrated and capital discipline stays tight.

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Why you'd press play

You want a tight thesis on controlling shareholders, music rights, and market reaction.

Read the full recommendation in PlayNext →

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