During their recent episode, Taylor, Carlisle, and Ian Cassel discussed Investing Lessons from Mole Rats: Resilience, Adaptability, and Survival. Here’s an excerpt from the episode: Jake: -I wanted to stick with something animal themed for this week with Ian coming on. I actually received inspiration for this segment on a … Read More
Prem Watsa: The Perils of Unchecked Optimism in Investing
In his 2015 Shareholder Letter, Prem Watsa, the renowned investor and chairman of Fairfax Financial Holdings, delivered a sobering critique of the prevailing belief that common shares are inherently great long-term investments, regardless of their price. He warned, “This is a great example of long-term investing gone astray.” His words … Read More
Howard Marks on Smart vs. Lucky: Lessons for Investors
In this Insight Conversation with Annie Duke, Howard Marks reflects on a key lesson he learned from his early studies in investment: the quality of a decision cannot be judged by its outcome. Success can result from poor decisions, and many investors are often “right for the wrong reasons.” He … Read More
Why Investing Success Demands Embracing Paradox
During their recent episode, Taylor, Carlisle, and Jim O’Shaughnessy discussed Why Investing Success Demands Embracing Paradox. Here’s an excerpt from the episode: Tobias: JT, top of the hour. Do you want to do your veggies? Jake: Yeah. And couldn’t be a better transition, to be honest, as you might find … Read More
Lessons from Warren Buffett: Missing Amazon and Microsoft
In this interview with Andy Serwer, Warren Buffett reflects on his admiration for Jeff Bezos and his remarkable execution of Amazon’s vision, acknowledging that he didn’t foresee its success. He admits to missing investment opportunities like Microsoft but doesn’t regret them as they were outside his circle of competence. Instead, … Read More
Howard Marks: In Investing It’s Really Easy To Be ‘Average’
In this fireside chat with the HKUST Business School, Howard Marks discussed the cyclical nature of markets, emphasizing that cycles are driven by excesses in psychology and behavior. He explained that an excess of positive psychology leads to unsustainable behavior above the trend line, which eventually corrects back, often overshooting … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (12/27/2024)
This week’s best investing news: The Future of the Free World with Jamie Dimon (Economic Club NY) An Interview w/ Ariel Investments Founder John Rogers (Odd Lots) Steve Cohen on How to Build Your Investing Career: Part Two (Point72) A Conversation with Francois Rochon (Capital Compounders) GMO Quarterly Letter | … Read More
Why REITs Can’t Compound Like Berkshire
During their recent episode, Taylor, Carlisle, and Bill Lenehan discussed Why REITs Can’t Compound Like Berkshire. Here’s an excerpt from the episode: Jake: Yeah. Do you have any– Is there any reticence or– I don’t want to say regret, that’s not the right word. But the fact that the REIT … Read More
Why Simplicity in REITs Wins
During their recent episode, Taylor, Carlisle, and Bill Lenehan discussed Why Simplicity in REITs Wins. Here’s an excerpt from the episode: Bill: I had been thinking about this idea for a decade when you used that example. And I have to admit, I had to look up what it was, … Read More
VALUE: After Hours (S06 E46): Activism, REITs, Capital Allocation and Four Corners Property Trust with Bill Lenehan
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Bill Lenehan discuss: Why Simplicity in REITs Wins Capital Allocation Strategies for REIT Success Applying Raymond Loewy’s MAYA Principle to Modern Markets Why REITs Can’t Compound Like Berkshire Why Doing the Work and Thinking Independently … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (12/13/2024)
This week’s best investing news: Ray Dalio’s Guide to All-Weather Investing in Uncertain Times (Investopedia) Bill Ackman: Stepping into the most pro-growth, pro-business administration in my adult lifetime (CNBC) The Humble Investor (Verdad) Mohnish Pabrai’s Presentation and Q&A at Boston College and Harvard Business School (MP) Large Cap or Value? … Read More
VALUE: After Hours (S06 E45): Luxury Fashion, Conference Swag and Supermarket Land Value with Gwen Hofmeyr, Maiden
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Gwen Hofmeyr discuss: Cyclical Compounders and Market Opportunities Lack of Institutional Coverage Creates Opportunities Insights on Regional Banks Historical Analogies: The Hunt Brothers and Silver vs. Michael Saylor and Bitcoin Untangling Cyclical versus Secular Tiny’s … Read More
Weekly Investing Roundup – News, Podcasts, Interviews (12/06/2024)
This week’s best investing news: Mohnish Pabrai’s Talk with GreenHaven Road Partners Fund (MP) Cliff Asness on Equity Investing, Taxes and AI (Bloomberg) Ken Griffin on the 2024 Election and What’s Next for the U.S. Economy (Dealbook) Verdad’s Most Read Research Articles from the Past Year (Verdad) Aswath Damodaran – … Read More