Moats, Monopolies, and Meaning: Tom Perfrement on Building Resilient Investment Portfolios (MDE637)

In this episode, I sit down with Tom Perfrement, investor, tennis enthusiast, and co-founder of 5AM Capital. The conversation dives into Tom’s personal journey—growing up in Canberra, his passion for tennis, and his deep commitment to long-term investing. Together, they explore the contrasting worlds of short-term and long-term strategies in finance, highlighting the philosophical differences and pressures that shape decisions in investment banking and asset management.

Tom shares insights into 5AM Capital’s unique philosophy, inspired by early-morning discipline and the company’s roots in Bondi, Sydney. They reflect on recent events impacting the Bondi community, the importance of purpose in business, and the values behind building a boutique investment firm. Throughout the episode, Tom draws parallels between tennis and investing, explaining how having diverse skills and sticking to a personal style can lead to success both on the court and in the market.

Listeners will gain thought-provoking perspectives on risk, the power of monopolies and moats in business, and the psychological challenges of navigating volatile markets. Whether you’re an investor, entrepreneur, or business leader, this episode offers actionable insights on building enduring value, staying purposeful, and playing the long game.

N.B. The information provided in this podcast is for general information and entertainment purposes only, and is not intended to be financial advice.