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Highly concentrated portfolios and value investing with contrarian Kris Kelley, Legacy Ridge Capital

Highly concentrated portfolios and value investing with contrarian Kris Kelley, Legacy Ridge Capital Kris Kelley is the founder and managing partner of Legacy Ridge Capital Management, a private investment firm that Kris started in 2018, shortly after he left Janus Henderson Investors. Kris has some strong views when it comes to the money management industry, views I personally agree with and ones I think every investor should hear. Kris is a value-focused, contrarian investor who believes the best way for active managers to serve their investors is through highly concentrated portfolios. Listen to Kris talk about his investment philosophy, investing in MLPs and airlines, and the investing insight he's gained from being a small business owner.

Now, if you were to ask a hundred value investors who had the greatest impact on their investment philosophy and principles, I’m sure you’d hear a lot of the same names – Warren Buffett, Charlie Munger, Ben Graham, Seth Klarman, and Stanley Druckenmiller. These investors have most certainly had an impact on me, but Kris has hands-down had the greatest impact on my investing philosophy….and that’s because Kris was my mentor during my six years at Janus. He’s one of, if not the greatest investors I know personally, he lives and breaths value-investing, and the perspectives he shares in this interview should open everyone’s eyes to a flawed industry.

Learn more about Legacy Ridge Capital by visiting or reach out to Kris via email at: kristopher.kelley@legacyridgecapital.com

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