In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: James Montier’s Reasons (NOT) To Be Cheerful Buffett Buys GOLD Buffett’s Pass On Microsoft In 1997 Investing With OPM Is So Hard! Low-Key Superinvestor – Sardar Biglari Investors Should Be Studying Dan Loeb Tesla’s Universal … Read More
Wide Moat Companies And How To Find Them
During his recent interview with Tobias, Brian Bares, Founder of Bares Capital Management discussed Wide Moat Companies And How To Find Them. Here’s an excerpt from the interview: Tobias: Yeah, you slightly foreshadowed where I was going to go next. That was what I wanted to dive into. Let’s talk about … Read More
U.S Airline Recovery May Not Happen Any Time Soon
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed why a U.S Airline Recovery May Not Happen Any Time Soon. Here’s an excerpt from the episode: Tobias: Yeah. What about the fact that Precision Castparts has knocked off a third of their workforce, which … Read More
DCF Is The Least Reliable Part Of A Manager’s Process
During his recent interview with Tobias, Brian Bares, Founder of Bares Capital Management discussed why DCF Is The Least Reliable Part of a Manager’s Process. Here’s an excerpt from the interview: Tobias: Let’s talk about valuation for a little bit. Your favorite DCF– and you have some hedging around that. But … Read More
Variant Perception
During his recent interview with Tobias, Brian Bares, Founder of Bares Capital Management discussed his Variant Perception. Here’s an excerpt from the interview: Brian: The landscape was moving. It was moving from this 60-40 stocks, bonds kind of implementation, to what is now known as the endowment model. It was … Read More
Cantillon Trillions
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Cantillon Trillions. Here’s an excerpt from the episode: Jake: If you read the news at all, you see this concept of a trillion thrown around all over the place. I find it funny because I … Read More
(Ep.80) The Acquirers Podcast: Brian Bares – Moat Master: Moats, Management And Long-Term Growth
In this episode of The Acquirers Podcast Tobias chats with Brian Bares. He’s the Founder of Bares Capital Management and author of The Small-Cap Advantage. During the interview Brian provided some great insights into: Your Variant Perception To The Market DCF Is The Least Reliable And Accurate Part Of Any … Read More
The Disconnect Between The Stock Market And The Real Economy
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed The Disconnect Between The Stock Market And The Real Economy. Here’s an excerpt from the episode: Tobias: Well, the underlying economy is pretty dinged up. We’re talking about– I think it was down 9% in … Read More
VALUE: After Hours (S02 E32): $WFC And Banks, Cantillon Trillions, Structural Dynamics
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: The Disconnect Between The Stock Market And The Real Ecomomy Cantillon Trillions US Airline Recovery May Not Happen Any Time Soon Undervalued $WFC Poised For Turnaround Structural Dynamics How To Size Into Positions Australian Entrepreneur’s … Read More
Buffett’s Genius In The ‘Dying’ Blue Chip Stamps
During his recent interview with Tobias, Chris Mittleman, Founder of Mittleman Brothers discussed Buffett’s Genius In The ‘Dying’ Blue Chip Stamps. Here’s an excerpt from the interview: Chris: During those years, he was buying pieces of companies in the open market, but he wasn’t buying Berkshire stock. They also were buying … Read More
Bottom Fishing Carl Icahn
During his recent interview with Tobias, Chris Mittleman, Founder of Mittleman Brothers discussed Bottom Fishing Carl Icahn. Here’s an excerpt from the interview: Chris: I remember when I first bought into American Real Estate Partners, which is now known as Icahn Enterprises, IEP. It was called American Real Estate Partners, the … Read More
The Time Berkshire’s Share Price Dropped 50%
During his recent interview with Tobias, Chris Mittleman, Founder of Mittleman Brothers discussed The Time Berkshire’s Share Price Dropped 50%. Here’s an excerpt from the interview: Tobias: Just one of the things that I noticed in your note, the most recent one. You talked about Buffett when he got control of … Read More
(Ep.79) The Acquirers Podcast: Chris Mittleman – Severe Value, Mittleman Brothers, Aimia, And Two Decades Of Value
In this episode of The Acquirers Podcast Tobias chats with Chris Mittleman. He’s the CIO, founder of Mittleman Brothers. During the interview Chris provided some great insights into: How Aimia Reinvented Itself As An Investment Company The Time Berkshire’s Share Price Dropped Almost 50% Bottom Fishing Carl Icahn Buffett’s Genius … Read More
Warren Buffett’s $800 Million Bet On $BAC
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Warren Buffett’s $800 Million Bet On $BAC. Here’s an excerpt from the episode: Tobias: This is slightly off-topic, but every time I say that, Buffett’s got– Bill’s article came out with Buffett’s got the best– … Read More
195 Years of Value
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed 195 Years of Value. Here’s an excerpt from the episode: Tobias: For me, it’s helpful to go back and look at those. I like running through backtests and I go through them in pretty granular … Read More
Stoicism for Value Investors
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Stoicism for Value Investors. Here’s an excerpt from the episode: Jake: I am doing, how to invest like a stoic. What’s amazing about it is that, like you said, these guys were mostly from 2000 … Read More
VALUE: After Hours (S02 E31): Stoicism for Value Investors, 195 Years of Value, and Fade $SBUX
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Stoicism for Value Investors 195 Years of Value Fade $SBUX Bill Brewster’s Business Insider Article On Warren Buffett’s $800 Million Bet On $BAC Kodak Shares Rise More Than 1,000% On Covid Drug Loan Deal Is … Read More
Value Has A Long History Of Never-Ending Drawdowns And Tiny Intervals Of Outperformance
During his recent interview with Tobias, Mikhail Samonov, Founder and CEO of Two Centuries Investments discussed why Value Has A Long History Of Never-Ending Drawdowns And Tiny Intervals Of Outperformance. Here’s an excerpt from the interview: Tobias: Yeah, it’s absolutely fascinating. I just wanted to get your comment on that. Finally, you … Read More
Quants Should Move On From Value
During their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Quants Should Move On From Value. Here’s an excerpt from the episode: Tobias: I don’t have a particularly long topic here. I’ve just noticed there’s quite a few death of value type articles around which does … Read More
Studying Historical Markets Makes You A More Resilient Investor
During his recent interview with Tobias, Mikhail Samonov, Founder and CEO of Two Centuries Investments discussed why Studying Historical Markets Makes You A More Resilient Investor. Here’s an excerpt from the interview: Tobias: There’s a few philosophical questions. Why use a very long time period to– What does that give you? Mikhail: … Read More