The Strategy That Beat the S&P 500 for Decades

In this episode of Capital & Power, we sit down with Seth Cogswell, Managing Partner of Running Oak Capital, to break down the Efficient Growth Strategy — a four-decade playbook that quietly crushed the S&P 500 while taking on half the risk.

👉 In This Episode:

• How to weaponize earnings growth for exponential compounding
• Why mid-cap stocks may be today’s most dangerous opportunity
• The Fed, recessions, and why avoiding pain may be America’s biggest mistake
• What’s next for Running Oak: ETFs, global expansion, and an exchange fund for the overexposed

Cogswell isn’t another Wall Street talking head. He’s the steward of an investing playbook built by his father in the 1970s, tested through booms, busts, bubbles, and bailouts. The “efficient growth” strategy has one aim: compound wealth faster while keeping investors out of the kind of drawdowns that ruin portfolios—and sleep. “Nothing drives performance like earnings growth,” he says, and he’s got four decades of evidence to back it up.