In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed How Many Of The Top Companies Will Be Around In 30 Years? Here’s an excerpt from the episode: Tobias: So, the thing that stood out for me, the thing that I enjoyed the most was– because … Read More
Creating Cigar-Butts In Deep Value Special Situations Investing
During his recent interview on The Acquirers Podcast with Tobias, Dan Zwirn, CEO of Arena Investors LP discussed Creating Cigar-Butts In Deep Value Special Situations Investing. Here’s an excerpt from the interview: Tobias: And before Arena, what was your focus as an investor? Dan: Before and throughout Arena, it’s always really … Read More
VALUE: After Hours (S03 E18): Warren Buffett’s Berkshire Hathaway Annual Meeting And Transformers
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Key Takeaways From The Berkshire Annual Meeting How Many Of The Top Companies Will Be Around In 30 Years? Which Berkshire Business Would You Sell Off Assuming No Tax Hits? Should You Get Paid For … Read More
Holding Multi-Baggers Means 30%, 40%, 50% Drawdowns
In their recent episode of the VALUE: After Hours Podcast, Taylor, Cassel, and Carlisle discussed If You Want To Hold A Multi-bagger, You Have To Hold A Multi-bagger. Here’s an excerpt from the episode: Ian: Just one last one I was just thinking about it. Probably another one that I … Read More
Building A Buffett-Style Money Machine
During his recent interview on The Acquirers Podcast with Tobias, Dan Zwirn, CEO of Arena Investors LP discussed Building A Buffett-Style Money Machine. Here’s an excerpt from the interview: Tobias: How do you think about Arena as a hedge fund? You wouldn’t necessarily define it that way, you think about it … Read More
Modern Ben Graham Investing
During his recent interview on The Acquirers Podcast with Tobias, Dan Zwirn, CEO of Arena Investors LP discussed Modern Ben Graham Investing. Here’s an excerpt from the interview: Tobias: Arena operates businesses as well, so how do you characterize Arena as an investor? Dan: Well, we just characterize it as an … Read More
The Calendar Portfolio
In their recent episode of the VALUE: After Hours Podcast, Taylor, Cassel, and Carlisle discussed The Calendar Portfolio. Here’s an excerpt from the episode: Tobias: I have done a little bit of testing in that space, just because I’m interested in what happens if I just buy the list of … Read More
(Ep.113) The Acquirers Podcast: Dan Zwirn – Modern Graham, Deep Value Global Special Situations, Asset, And Credit Investments
In this episode of The Acquirers Podcast, Tobias chats with Dan Zwirn, CEO of Arena Investors LP. During the interview Dan provided some great insights into: Modern Ben Graham Investing Building A Buffett Style Money Machine Deep Value Special Situations Investing Control-Oriented Debt And Equity Investments Bringing Your Own Weighing … Read More
Investing Lessons From Falconry
In their recent episode of the VALUE: After Hours Podcast, Taylor, Cassel, and Carlisle discussed Investing Lessons From Falconry. Here’s an excerpt from the episode: Jake: All right, so I came across, one of my friends told me about this idea that’s actually from falconry and it came originally, I … Read More
VALUE: After Hours (S03 E17): Vale Charles De Vaulx, Falconry, and Journaling, Inversion
In this episode of the VALUE: After Hours Podcast, Taylor, Cassel, and Carlisle chat about: Vale Charles De Vaulx Investing Lessons From Falconry The Calendar Portfolio If You Want To Hold A Multi-bagger, You Have To Hold A Multi-bagger Journaling Helps Your Investment Process Left Tail Buyer, Right Tail Holder … Read More
Buy Illiquid Risky Assets When High Yield Spreads Are Wide
During his recent interview on The Acquirers Podcast with Tobias, Dan Rasmussen of Verdad Capital discussed Buying Illiquid Risky Assets When High Yield Spreads Are Wide. Here’s an excerpt from the interview: Tobias: We’re in a regime with very low rates. Does the signal become less useful in this regime? … Read More
Investing Lessons From The Dutch Famine Of 1944-45
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Investing Lessons From The Dutch Famine Of 1944-45. Here’s an excerpt from the episode: Jake: Yeah. [laughs] All right. Let’s transport ourselves back to towards the end of World War II. Food supplies are really … Read More
Value Investors Are Too Meta-Analytical
During his recent interview on The Acquirers Podcast with Tobias, Dan Rasmussen of Verdad Capital discussed Value Investors Are Too Meta-Analytical. Here’s an excerpt from the interview: Tobias: I mean when you said that there was a lot of pessimism in Japan, it did excite me a little bit. It … Read More
Fading To Average
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Fading To Average. Here’s an excerpt from the episode: Tobias: If you’re confident that it’s going to do that, so that means in five years’ time, it’s on 30 times earnings, five years after that … Read More
Marrying Baupost And Bridgewater
During his recent interview on The Acquirers Podcast with Tobias, Dan Rasmussen of Verdad Capital discussed Marrying Baupost And Bridgewater. Here’s an excerpt from the interview: Dan: You can think about this, a variety of influences, but one influence for thinking this way is Seth Klarman and Baupost. To simplify … Read More
(Ep.112) The Acquirers Podcast: Dan Rasmussen – Countercyclical: Small-Caps, Crisis And A Cycle-Driven Approach To Asset Allocation
In this episode of The Acquirers Podcast, Tobias chats with Dan Rasmussen of Verdad Capital who discusses his new paper Countercyclical Investing. During the interview Dan provided some great insights into: Countercyclical Investing Four Quadrants For An All-Weather Portfolio Own The Trend Japan Is A Brilliant Market For Value Investors … Read More
Francois Rochon – Flexible Valuations
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Francois Rochon – Flexible Valuations. Here’s an excerpt from the episode: Tobias: Let me read it out. François Giverny, I love the name of that firm. “There’s not much difference between 20 and 25 times … Read More
Sir John Templeton: Mastering The Inner Game
During his recent interview on The Acquirers Podcast with Tobias, William Green, author of Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life discussed Sir John Templeton: Mastering The Inner Game. Here’s an excerpt from the interview: Tobias: You’ve been conducting these interviews– it says on … Read More
VALUE: After Hours (S03 E16): Francois Rochon And Valuation; Dutch Famine Of 44-45; $DIS and $MO
In this episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle chat about: Francois Rochon – Flexible Valuations Fading To Average Dutch Famine Of 1944-45 Are Equity Investors Missing On Other Asset Classes Technological Obsolescence Or Momentum Early Life Affects Your Investing Style The Impact Of Tobacco Regulations … Read More
Options Are Dangerous
In their recent episode of the VALUE: After Hours Podcast, Taylor, Brewster, and Carlisle discussed Options Are Dangerous. Here’s an excerpt from the episode: Tobias: I think if it’s your first time in options, the things you’ve got to be careful, there’s a massive bid ask spread. You’re going to … Read More