In this episode of Castlebay Conversations, host George Ladds sits down with Ben Peters, Co-Founder and Portfolio Manager at Evenlode Investment, for a thoughtful discussion on long-term investing in a world dominated by short-term noise.

Ben shares his unconventional journey into investment management, from physicist and science teacher to fund manager, and explains how this background shapes Evenlode’s calm, disciplined philosophy. The conversation explores the thinking behind the Evenlode Global Income Fund—a strategy built around owning high-quality, cash-generative businesses with resilient returns on capital and management teams focused on the long term.

Together, George and Ben delve into what “quality” really means, why patience is so hard to practise (yet so powerful), and how valuation discipline, behavioural awareness, and stewardship help investors stay grounded through periods of market excitement and relative underperformance. Ben also reflects on income investing, balancing current yield with sustainable dividend growth, and why today’s market environment may present an unusually compelling opportunity for long-term investors willing to think differently.

A wide-ranging and reflective conversation on investing with conviction, clarity, and perspective—well beyond the next quarter.