Jonathan Nurick joins the show to discuss a long-term investing strategy centered on the boring stocks. He talks dividend growth, free cash flow, and the importance of staying invested through market volatility. We explore investor psychology and the challenge of ignoring exciting trends like AI and speculative IPOs in favor of boring but resilient businesses such as Cintas and Home Depot. Jonathan also explains why his strategy favors established mid- to large-cap companies, particularly U.S. market leaders, and he emphasizes that successful investing requires not only choosing the right investments but also having the discipline and framework to hold them long enough for compounding to work. Today we discuss... 

• Why dividend growth can be a powerful long-term investing strategy.
• Growing dividends can provide investors with a fundamental signal that helps them stay invested through market volatility.
• How free cash flow can be used for dividends, buybacks, debt repayment, and reinvestment.
• Buybacks can be highly effective when companies repurchase shares at attractive valuations.
• Strong management teams and disciplined capital allocation are critical to the success of dividend-growth companies.
• Investor psychology makes it difficult to ignore exciting trends like AI, semiconductors, and IPOs when they are outperforming.
• The investment process emphasizes competitive advantages, low leverage, high returns on capital, and predictable growth.
• Why investing in established market leaders can provide greater resilience than chasing newer, highly competitive industries.
• Choosing what to own is only half of successful investing, with knowing how to hold it being equally important.
• Investors can improve their discipline by focusing on fundamental progress and dividend growth instead of constantly watching share prices.
• Find the beauty in boring businesses and let long-term compounding do the work.