MiB: Heather Brilliant, Diamond Hill

This week, we speak to Heather Brilliant, chief executive of publicly traded Diamond Hill Investment Group (DHIL). Before joining the company in 2019, he worked for First State Investments. She also worked for Morningstar Inc., where she served as Global Head of Equity and Credit Research before becoming CEO of Morningstar Australasia. She served on the CFA Institute board of directors from 2013 to 2020 and served as board chair in 2018-19.

She discusses how she became interested in high quality, deep value investing through her work at Morningstar. The firm’s preferences are for companies with a competitive moat that have a good track record, but someone has fallen out of favor temporarily.

Talk about eating your own cooking: Brilliant explains why every Diamond Hill fund manager is a substantial investor in their own fund; DHIL annually publishes each manager’s individual holdings in equity in dollar amounts.

A list of her favorite books is here; A transcript of our conversation is available here from Tuesday.

You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube and Bloomberg. All of our past podcasts about your favorite hosts can be found here.

Be sure to check out our Masters in Business next week with David M. Rubenstein is co-founder and co-chairman of the Carlyle Group, managing over $430 billion. his new book”The Highest Calling: Conversations About the American Presidency” comes out next week

Heather Brilliant’s book

Favorite books