https://www.youtube.com/watch?v=PUGIb1SfpvU?start=2518 During his recent interview with Tobias chats with Jim O’Shaughnessy, best selling author and Co-Chief Investment Officer at O’Shaughnessy Asset Management (OSAM), discusses why investors must continue to challenge their long held beliefs. Here’s an except from the interview: Jim O’Shaughnessy: This is a classic example of a practice … Read More
Mohnish Pabrai – Investors Can Take Advantage When Markets Get Confused Between Risk And Uncertainty
At his recent presentation at Trinity College in Dublin, Mohnish Pabrai explained how investors can take advantage when markets get confused between risk and uncertainty, saying: If you have a business which exhibits very high uncertainty then that business generally will get very extreme kind of valuations in a auction … Read More
Investors Should Beware When They Start To See ‘Information Cascades’
https://www.youtube.com/watch?v=PUGIb1SfpvU?start=2056 During his recent interview with Tobias chats with Jim O’Shaughnessy, best selling author and Co-Chief Investment Officer at O’Shaughnessy Asset Management (OSAM), discusses why investors should beware when they start to see ‘information cascades’. Here’s an except from the interview: Jim O’Shaughnessy: The stock market is a complex adaptive … Read More
As Long As Human Beings Price Securities, There Will Always Be Investment Opportunities
https://www.youtube.com/watch?v=PUGIb1SfpvU?start=3796 During his recent interview with Tobias chats with Jim O’Shaughnessy, best selling author and Co-Chief Investment Officer at O’Shaughnessy Asset Management (OSAM), discusses why there will always be investment opportunities as long as human beings price securities. Here’s an except from the interview: Jim O’Shaughnessy: People used to say … Read More
The SMID-Cap Universe Provides Greater Opportunities Over Large And Small Caps – Here’s Why
https://www.youtube.com/watch?v=Mx47JRpbWaw?start=2508 During his recent interview with Tobias, Ben Claremon, the Principal and Portfolio Manager at Cove Street Capital outlines the reasons why he believes the SMID-Cap Universe provides greater opportunities over Large and Small Caps. Here’s an excerpt from the interview: Tobias Carlisle: You and I were at a conference … Read More
Investors Should Spend More Time Focusing On The Culture Of The Business Behind The Stock
https://www.youtube.com/watch?v=Mx47JRpbWaw?start=1724 During his recent interview with Tobias, Ben Claremon, the Principal and Portfolio Manager at Cove Street Capital provided some great insights into how investors can better understand the culture of the business behind the stock. Here’s an excerpt from the interview: Tobias Carlisle: It sounds like a great process, … Read More
Successful Investors Need A Devil’s Advocate To Try To Kill Potential Investment Ideas
https://www.youtube.com/watch?v=Mx47JRpbWaw?start=1116 During his recent interview with Tobias, Ben Claremon, a Principal and Portfolio Manager at Cove Street Capital provided some great insights into why successful investors need a devil’s advocate to try to kill potential investment ideas. Here’s an excerpt from the interview: Ben Claremon: And the proxy statement is … Read More
(Ep.12) The Acquirers Podcast: Ben Claremon – SMID Value, Opportunities In Small And SMID Cap Value
Summary In this episode of The Acquirer’s Podcast Tobias chats with Ben Claremon, a Principal and Portfolio Manager at Cove Street Capital. Ben’s focus is on the SMID-Cap Universe, where he believes the best opportunities exist for investors. Ben provides some great insights into: – How To Identify Buffett Style … Read More
Howard Marks: The Great Investors Are Unemotional People
Here’s a great excerpt from an interview that Howard Marks recently did with themarket.ch. During the interview Marks talks about the psychological aspects that make successful investors great saying, “Most of the great investors I know are unemotional people”. Here’s an excerpt from the interview: What about psychological aspects? The higher … Read More
How Smart Investors Use ‘Good’ Leverage To Magnify Returns
https://www.youtube.com/watch?v=CT5DXNB3KKY?start=243 In his recent interview with Tobias, Dan Rasmussen, who is the Founder and Portfolio Manager of Verdad Advisors provides some great insights into how investors can use ‘good’ leverage to magnify returns. Here’s an excerpt from the interview: Tobias Carlisle: Well, I think I’m agnostic to the leverage in … Read More
Investing Decisions Should Be Based On Empirical Data – Not Stories And Emotions
https://www.youtube.com/watch?v=CT5DXNB3KKY?start=3120 In his recent interview with Tobias, Dan Rasmussen, who is the Founder and Portfolio Manager of Verdad Advisors provides some great insights into why investment decisions should be based on empirical data and not stories and emotions. Here’s an excerpt from the interview: Dan Rasmussen: I talk to respective … Read More
How Can Investors Implement A Successful Private Equity Strategy Into The Public Markets
https://www.youtube.com/watch?v=CT5DXNB3KKY?start=70 In his recent interview with Tobias, Dan Rasmussen, who is the Founder and Portfolio Manager of Verdad Advisors provides some great insights into how investors can implement a successful private equity strategy in the public markets. Here’s an excerpt from the interview: Tobias Carlisle: So, just so we can … Read More
(Ep.11) The Acquirers Podcast: Dan Rasmussen – Private Equity, Replicating PE In Public Markets
Summary In this episode of The Acquirer’s Podcast Tobias chats with Dan Rasmussen, who is the Founder and Portfolio Manager of Verdad Advisors. During the interview Dan talks about his replication of private equity investing in the public markets using levered small cap stocks. He also provides some great insights … Read More
Value Investing Will Turn Around But No-One Can Say When
https://www.youtube.com/watch?v=93ZZx44J4So?start=2862 During his recent interview with Tobias, Justin Carbonneau, a Partner at Validea Capital discusses how value investing will turn around but no-one can say when. Here’s an excerpt from the interview: Tobias Carlisle: We’ve seen this really difficult time for value. I get the feeling that you’re not necessarily a … Read More
Charlie Munger: I’m Ashamed On Missing Out On Google and, Beware of IPO Unicorns
Here’s a great recent interview with Charles Munger and Andy Serwer at Yahoo Finance – Influencers. There’s one passage in particular in which Munger admits to being ashamed that he missed out on Google, and has the following to say about loss-making Unicorn IPO’s: “Well, there are a whole lot … Read More
How Do You Generate A Performance Record Better Than Mohnish Pabrai
https://www.youtube.com/watch?v=93ZZx44J4So?start=1423 During his recent interview with Tobias, Justin Carbonneau, a Partner at Validea Capital discusses the performance of some of the greatest investors of all time, and how one investor in particular managed to out-perform Mohnish Pabrai. Here’s an excerpt from the interview: Tobias Carlisle: Robo. When folks come to the … Read More
The Time When Your Strategy Is Really About To Start Working Is Right At The Time You’re Going To Fold Your Hand
https://www.youtube.com/watch?v=93ZZx44J4So?start=1686 During his recent interview with Tobias, Justin Carbonneau, a Partner at Validea Capital discusses how often the time when your investment strategy is really about to start working is right at the time you’re going to fold your hand. Here’s an excerpt from the interview: Tobias Carlisle: I think … Read More
(Ep.10) The Acquirers Podcast: Justin Carbonneau – Guru Stocks, How To Replicate The Strategies Of Value Gurus
Summary In this episode of The Acquirer’s Podcast Tobias chats with Justin Carbonneau, a Partner at Validea Capital Management. Validea replicate guru strategies and track some other strategies. They have a money management firm, and an ETF. During the interview Justin provides some great insights into: – How Can Investors … Read More
Breadth And Risk Appetites Provide Investors With Great Timing Tools
https://www.youtube.com/watch?v=bxW1iASwzxQ?start=2995 During his recent interview with Tobias, Jesse Felder, hedge fund manager and Founder of The Felder Report Newsletter discusses how breadth and risk appetites provide investors with great timing tools. Here’s an excerpt from the interview: Jesse Felder: You’re absolutely right. It’s become a mantra of the bulls, which … Read More
Walter Schloss: When You Find Great Stocks, Keep Them A Secret
We’ve just been reading through a great interview that Walter and Edwin Schloss did with OID back in 1989. During the interview Walter Schloss explains one of the reasons why he always kept the holdings in his portfolio a secret, saying: Walter Schloss: Apropos of that, while I was at … Read More