Category Archive

During his recent interview with Tobias, Dylan Grice, co-founder of Calderwood Capital Research, and author of the Popular Delusion Reports, discussed the anatomy of a forecast error. Here’s an excerpt from the interview: Tobias Carlisle: That’s a nice segue into one of the articles that I liked in your more … Read More

In this episode of The Acquirer’s Podcast Tobias chats with Dylan Grice. He is the co-founder of Calderwood Capital Research, and writes the Popular Delusion Reports. During the interview Dylan provided some great insights into: Popular Delusions Allocating To Different Managers Provides The Holy Grail Of Portfolio Robustness The Anatomy Of … Read More

In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed how an oil spike could pop the Everything Bubble. Here’s an excerpt from the episode: Jake Taylor: All right, so my topic this week is about what if a spike in the oil price is … Read More

During his recent interview with Tobias, Corey Hoffstein, co-founder and Chief Investment Officer at Newfound Research discussed his approach to managing risk using a strategy that he calls – diversifying your diversifiers. Here’s an excerpt from the interview: Tobias Carlisle: I’ve had Adam Butler on the show, who’s Gestalt at … Read More

Summary In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Bruce Greenwald: We’re Moving Into An Economy Based On Local Scale Advantages Will A Spike In The Oil Price Be The Pin That Pierces The Everything Bubble High Performance Compounder Jack Henry & Associates … Read More

During his recent interview with Tobias, Corey Hoffstein, co-founder and Chief Investment Officer at Newfound Research discussed why value investing indices are not all created equally. Here’s an excerpt from the interview: Corey Hoffstein: Yeah, I mean, I think to your point, this is something we were chatting about before … Read More

In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Fundsmith’s CEO Terry Smith, and his shareholder letters. Here’s an excerpt from the episode: Tobias Carlisle: So, tell us about the Fundsmith letters. What’s the most recent Fundsmith letter? Bill Brewster: Well, I mean, Terry … Read More

During his recent interview with Tobias, Corey Hoffstein, co-founder and Chief Investment Officer at Newfound Research discussed the agnostic’s case for value. Here’s an excerpt from the interview: Tobias Carlisle: That sounds great. Oh man, you’ve got to help out long suffering value, guys. I’m looking for any kind of … Read More

In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed the return of risk arbitrage. Here’s an excerpt from the episode: Tobias Carlisle: Shall we kick on to the next topic? Jake, do you want to give us yours? Jake Taylor: Yeah. I recently read … Read More

In this episode of The Acquirer’s Podcast Tobias, chats with Corey Hoffstein. He is a co-founder and Chief Investment Officer at Newfound Research. Founded in August 2008, Newfound Research is a quantitative asset management firm based out of Boston, MA. During the interview Corey provided some great insights into: The Robust … Read More

In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Constellation Software’s growth-through-acquisition-strategy. Here’s an excerpt from the episode: Tobias Carlisle: So I’ve got this ongoing theme where I’m looking at companies that basically are set up to do acquisitions, so we looked at Barry Diller … Read More

Summary In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: High-Performance Conglomerate – Constellation Software Is There A Renaissance Coming For Merger Arbitrage And Risk Arbitrage? Fundsmith’s CEO Terry Smith – Buy Good Companies, Don’t Overpay, Do Nothing Managing Permanent Capital Is A Significant … Read More

In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss how to implement an Anti-FOMO sizing strategy to get started in a position. Here’s an excerpt from the episode: Bill Brewster: So I was talking with somebody that listens to the podcast and he was … Read More

 During his recent interview with Tobias, Jon Boyar, JD/President of Boyar Research, discussed why spin-offs have significantly under-performed over the last decade saying: Jon Boyar: Spin outs you know… people have always thought were winning strategies but over the last decade they’ve significantly underperformed. And then we picked four … Read More

In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss the implicit bets in value vs growth. Here’s an excerpt from the episode: Jake Taylor: Sure. I thought it would be maybe fun or instructive for us to try to add a little bit of … Read More

During his recent interview with Tobias, Jon Boyar, JD/President of Boyar Research, discussed the problem with investing in cyclical businesses is that you have to be right twice saying: Tobias: What sort of businesses are you looking for? Would you consider cyclicals or do you avoid the cyclicals? How do … Read More

In this episode of The Acquirer’s Podcast, Tobias chats with Jon Boyar. He is the JD/President of Boyar Research, which is one part of the value investing firm, Boyar Value Group. the Boyar family of companies has successfully navigated through many fads, gimmicks and market volatility over the past 40 … Read More

In this week’s episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discuss monster compounder, Heico Corp. Here’s an excerpt from the episode: Tobias Carlisle: Should I take it away with Heico? Great article. So I was sort of talking about that a little bit last week that it’s … Read More