Category Archive

In their recent episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Tobias Carlisle discussed How Cobweb Theory Affects Markets. Here’s an excerpt from the episode: Jake: Well, there’s this idea in economics called cobweb effects and what it is that, if there’s a lag at all in supply … Read More

In their recent episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Tobias Carlisle discussed One Way To Avoid Getting Wiped Out! Here’s an excerpt from the episode: Bill: Down 80 is bad. You pretty much wiped out? Jake: Down 80 is bad. Bill: I don’t think we talked … Read More

In their recent episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Tobias Carlisle discussed Antagonistic Pleiotropy Investing. Here’s an excerpt from the episode: Jake: All right. Veggies for today are this concept called antagonistic pleiotropy. It sounds very complicated. It’s not as complicated as it sounds, but where … Read More

In their recent episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Tobias Carlisle discussed ‘New Technology’ And Its Diminishing Law of Returns. Here’s an excerpt from the episode: Tobias: ARKK is a classic example. I look at that portfolio as it stands, I think that’s a scary portfolio … Read More

In their recent episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Tobias Carlisle discussed Monte Carlo Simulation Humbles Investors. Here’s an excerpt from the episode: Tobias: In the book, Concentrated Investing, I built this little Monte Carlo simulation of the different bet sizing, so, you can have reverse … Read More

In their recent episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discussed Value Spread Wider Than Ever. Here’s an excerpt from the episode: Tobias: So this is from the Alpha Architect website. I pulled it up last week just because I was interested to see– because the … Read More

In their latest episode of the VALUE: After Hours Podcast, Bill Brewster, Jake Taylor, and Tobias Carlisle discuss: Value Undervalued ‘New Technology’ And Its Diminishing Law of Returns Antagonistic Pleiotropy: Short-Term Genius/Long-Term Bust Fragility In Commodity Prices Monte Carlo Simulation Strategy Worm Capital – Tesla On Path To Dominate S&P … Read More

In their recent episode of the VALUE: After Hours Podcast, Jake Taylor and Tobias Carlisle discuss Positing The Next 10 Years In Markets. Here’s an excerpt from the episode: Tobias: It seems to be that we’re in the reverse of that 1980-type market rate, where interest rates are low and … Read More

In their recent episode of the VALUE: After Hours Podcast, Jake Taylor and Tobias Carlisle discuss How Warren Buffett Negotiates A Deal. Here’s an excerpt from the episode: Tobias: All right. This is, let me just pull it up, a $12 billion deal and Buffett did it in about two … Read More

In their recent episode of the VALUE: After Hours Podcast, Jake Taylor and Tobias Carlisle discuss National Cash Register – A Century Of Innovation. Here’s an excerpt from the episode: Jake: Okay this is National Cash Register, fascinating history of this company. This came from my friend, Adam Mead, who … Read More

In their recent episode of the VALUE: After Hours Podcast, Jake Taylor and Tobias Carlisle discuss Charlie Munger Halves Stake In $BABA. Here’s an excerpt from the episode: Tobias: Alibaba and Charlie Munger, his ongoing love affair with that stock or– What he’s done is, he’s doubled down twice as … Read More

In their latest episode of the VALUE: After Hours Podcast, Jake Taylor and Tobias Carlisle discuss: How Buffett Negotiates A Deal Charlie Munger Halves Stake In $BABA National Cash Register – A Century Of Innovation Positing The Next 10 Years In Markets Powell Doesn’t Know How Much A Banana Costs! … Read More

In their  latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Grandma’s Portfolio Outperformed. Here’s an excerpt from the episode: Jake: This is trying to hit a fly ball. Let’s say, you’re going to only be evaluated on 10 at bats, like you only take 10 … Read More

In their  latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Greenblatt On The Acquirer’s Multiple. Here’s an excerpt from the episode: Tobias: I like Greenblatt’s quanty approach. I saw he was on– William Green did a podcast. Bill: Yeah, that was a good interview. Jake: … Read More

In their  latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Investing Lessons From The Science of Hitting. Here’s an excerpt from the episode: Jake: All right. This one’s hopefully a little bit more fun than the normal veggies. Almost, we can hardly call it veggies, … Read More

In their  latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Elon Musk Twitter Activism. Here’s an excerpt from the episode: Tobias: What’s the most pressing thing? Elon buying Twitter? Is that the biggest flex we’ve seen so far? Bill: Yeah. It’s the biggest news of … Read More

In this episode of the VALUE: After Hours Podcast, Jake Taylor, Bill Brewster, and Tobias Carlisle chat about: Elon Musk Twitter Activism Investing Lessons From The Science of Hitting Greenblatt On The Acquirer’s Multiple Grandma’s Portfolio Outperformed Walk-Rates Improve Your Returns Hit Investing Line-Drives We’re In A Rolling Bear Market … Read More

In their  latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Tesla Trading Sardines. Here’s an excerpt from the episode: Tobias: Yeah, that was funny that Tesla– You pointed this out to me, JT. You should probably talk about it. Jake: Oh, it was just my … Read More

In their  latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Investing Is All A Mental Game. Here’s an excerpt from the episode: Tobias: I think that’s very practical. The longer I do it, the more I think that that’s actually really true. I think there’re … Read More

In their latest episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss Should We All Just Invest In SPY? Here’s an excerpt from the episode: Bill: I don’t even know why– I was writing somebody today. I was like, “I honestly don’t know outside of motivated reasoning … Read More