This week Chris Bloomstran stops by The Business Brew to catch up. Part of this conversation are a bit scary. Parts you may disagree with. Regardless, it's very apparent that Chris thinks A LOT about what he is investing in. Chris is the President and Chief Investment Officer of Semper Augustus Investments Group. He is best known for his annual letters; most of which have an incredibly detailed analysis of Berkshire Hathaway. See https://www.semperaugustus.com/clientletter We hope you enjoy the ...
Oct 28, 2021•2 hr 12 min
Margot Edelman stops by The Business Brew to discuss corporate communications as well as the Edelman Trust Barometer (see https://www.edelman.com/sites/g/files/aatuss191/files/2021-01/2021-edelman-trust-barometer.pdf ). Edelman is an award-winning global public relations consultancy firm. Key findings from the 2021 Trust Barometer are as follows: - Trust in business increased in 17 of 27 countries - Trust is technology declined a substantial amount - People turned to their employer for facts/tru...
Oct 21, 2021•56 min
Stinson Dean (@lumbertrading on Twitter), owner of Deacon Lumber, stops by The Business Brew to discuss the current lumber market, what happened to lumber in 2020, and how the market got to where it is. This is a long conversation, but deserves the length. Stinson goes deep into what it means to trade physical lumber, how he manages risk, why he is hedged, and much, much more. The goal of this conversation was to have a calmer conversation about lumber than what may have occurred just a year ago...
Oct 14, 2021•2 hr 24 min
Meb Faber joins The Business Brew to discuss his views on investments, geographical diversification, trend following, and much more. Meb's podcast, The Meb Faber Show https://mebfaber.com/podcast/ , was one of the first financial podcasts Bill listened to. That show has featured many incredible thinkers, different styles of investments, and more recently many private market investment discussions. In addition to his podcast, Meb writes often and highlights his favorite investment writing (see ht...
Oct 07, 2021•2 hr 49 min
Kyla Scanlon stops by The Business Brew to discuss the life of a finance content creator. Kyla is a Gen Z financial content creator. Her content focuses on macro economics, monetary policy, crypto innovation, and more. She chooses to avoid stock discussions in an effort to avoid anything that could be deemed "pumping." Bill wanted to speak with Kyla because he (a) is interested in how younger people are getting introduced to financial markets and (b) thinks she creates content the "right" way. S...
Oct 04, 2021•1 hr 19 min
J Mintzmyer ( @mintzmyer ) is a renowned maritime shipping analyst who directs the Value Investor's Edge ("VIE") research platform on Seeking Alpha. He stopped by The Business Brew to discuss the shipping industry. J is a frequent speaker at industry conferences, is regularly quoted in trade journals, and hosts a popular podcast featuring shipping industry executives. Mr. Mintzmyer also hosts regular "Virtual Investor Forums," which are a must-attend for anyone interested in the shipping and inf...
Sep 30, 2021•1 hr 28 min
Rui Ma, co host of Tech Buzz China, stops by The Business Brew to discuss what is going on with China's current regulations. This conversation is nuanced, offers perspective on some of China's goals, and touches on a variety of subjects. The goal of the conversation is not to offer answers, per se. Rather, we are trying to help provide a framework of how to think about what the CCP might be attempting to achieve and help listeners think about how to analyze different Chinese competitive dynamics...
Sep 23, 2021•2 hr 31 min
Major Topics: Housing and Macro Logan Mohtashami is a housing data analyst, financial writer, and blogger covering the U.S. economy specializing in the housing market. Mohtashami’s work is frequently quoted in BankRate.com and Bloomberg financial. Logan is also a Lead Analyst for HousingWire. Mohtashami has been an invited speaker at the Americatlyst, California Association Of Realtors and the National Association Of Women In Real Estate Business, and other economic conferences. He is a recurrin...
Sep 16, 2021•2 hr 41 min
Major Topics: 80s Culture and Film Directing Seth Porges stops by The Business Brew to discuss directing Class Action Park, a beautiful piece of art. The New Jersey and New York fans may appreciate this episode *a bit* more than the rest, but rest assured this is a fun conversation. Check out Class Action Park on HBO Max before listening if you are concerned with spoilers. Why does this episode work on The Brew? Well, for one, because it's dope. But also, Seth bootstrapped production for the doc...
Sep 13, 2021•48 min
Major Topics: Special Situations, Small Cap Investing, Unique Thinking Thomas Braziel is the Founder and CIO at 507 Capital. The son of bankruptcy lawyers, Thomas was destined to become an expert in distressed investing. He loves looking at weird and esoteric trades and investments. This episode covers behavioral investing, special situations investing, how illiquidity breeds good behavior, and Thomas' big win on his Mt. Gox claims. Thomas has a unique mind and introduces some ideas that are not...
Sep 09, 2021•2 hr 40 min
Major Topics: Process and Decision Making Improvement Jake Taylor is CEO of Farnam Street Investments, Co-Host of Value After Hours, Host of the 5GQ podcast, author of The Rebel Allocator, and Founder of journalytic.com . Jake and Bill met at Berkshire and immediately became friends. While they invest differently, they have more in common than Value After Hours fans may think. On Value After Hours Jake is known for his "veggie" segments, which are segments that tie investing ideas to other world...
Sep 02, 2021•2 hr 55 min
Major Topics: The Human Mind, Life, and Quant Investing Wall Street legend, best selling author, Godfather of FinTwit, and Chief Meme Officer James P. O'Shaughnessy joins The Business Brew. Jim is a one of a kind individual who took time out of his life to help Bill work through some real life issues earlier in the year. They connected as individuals and Bill values Jim's friendship highly. This is a wide ranging conversation about finance, the human brain, and life. Jim has so much knowledge an...
Aug 26, 2021•2 hr 15 min
New photo courtesy of Mike Ando. Please see https://www.mikeando.com/ Thank you to all the fans, guests, and especially to Mathew Passy. If you like the intro music you'll love this episode. We will be back soon. Until then, thank you and take care! -Bill
Jun 24, 2021•5 min
Rick Van Nostostrand is a Partner and Senior Portfolio Manager at Cornerstone Investment Partners. Cornerstone is an investment boutique in Atlanta, Georgia. The firm manages "mid $2Bn" across a number of value strategies. They have a qualitative approach with a quantitative model that guides them. See https://cornerstone-ip. com/ . Prior to Conerstone, Rick was a voting member of the investment committee at EARNEST Partners and served on the Fundamental Value product at Invesco Capital Manageme...
Jun 17, 2021•2 hr 32 min
Jason Buck (@JasonMutiny on Twitter), Co Founder and CIO of Mutiny Funds, stopped by for the first in person interview on The Business Brew. Mutiny is releasing the Cockroach Portfolio, a portfolio designed to survive any market conditions. See https://mutinyfund.com/ for details. In this episode Jason discusses his history as an entrepreneur, which took a hit in the Great Financial Crisis. That event caused Jason to think about whether it was possible to hedge entrepreneurial risk. After years ...
Jun 10, 2021•2 hr 45 min
Jason Wild is the founder and President of JWAM, an SEC-registered investment adviser with over $1.7 billion under management. Jason found investing during his last year of pharmacy school. Taking Peter Lynch seriously, he invested every other paycheck in pharmaceutical ideas he thought were undervalued. His theses were correct far more often than they weren't and he made himself almost a half million dollars in the market. After proving his competence, he started a fund with a mere $80,000. Tod...
Jun 03, 2021•1 hr
Arnold Van Den Berg is one of the most unique investors alive today . He is Jewish and was born in Amsterdam, Holland, in 1939. As a toddler, he and his family were forced to hide in a small closet when the Nazis searched his street. His mother was concerned that Arnold and his brother, then 5 years old, would not be able to keep quiet during the searches. Consequently, she arranged for Arnold and his brother to be smuggled out of Amsterdam. While Arnold was successfully smuggled out of Amsterda...
May 31, 2021•2 hr 2 min
David Barr (@PenderDave on Twitter) is the President and Portfolio Manager at Pender Fund Capital Management. He focuses primarily on Canadian small cap equities, but is not limited to that subset of investments. Bill met Dave at an MOI Global event in 2019 and was very excited for Dave to join The Business Brew because Dave truly loves stock picking. Dave is extremely well respected, high integrity, and looks at the world through a unique lens. While some people see small cap investing as riski...
May 27, 2021•2 hr 38 min
This episode features Francisco Olivera (@FrancoOlivera on Twitter) and Alex Morris (@TSOH_Investing on Twitter). Francisco and Alex are Bill's "mastermind" group. The three of them talk daily and discuss ideas. Scroll down to see topics and time stamps . This episode was recorded in early May. The AT&T and Discovery deal changes some of the discussion. Nevertheless, the thought process is what's more important than the event outcome. Alex and Francisco will return in Season 2 to discuss more me...
May 24, 2021•3 hr 34 min
Brian Feroldi (@brianferoldi on Twitter) joined The Business Brew to discuss his investment philosophy. Brian is doing some very cool things to spread the message of personal finance and intelligent investing. Matt Cochrane (@matt_cochrane on Twitter) and Austin Lieberman (@libermanaustin on Twitter) vouch for him as a person. That means something to Bill. As for the discussion, Bill enjoyed speaking to Brian very much. Brian is process driven, open minded, and implements a different style from ...
May 20, 2021•2 hr 38 min
Title - Austin Lieberman - Squash The Beef Description - Austin Lieberman stops by The Business Brew for a special “squash the beef” episode. Austin and Bill are mortal enemies stemming from a classic “value vs growth” bet. Please see this GoFundMe link for details https://www.gofundme.com/f/fintwit-war-value-vs-growth?utm_campaign=p_cp_url&utm_medium=os&utm_source=customer . While Austin and Bill are not actually mortal enemies, they did disagree on their investment philosophy. Austin is more f...
May 17, 2021•2 hr 9 min
George Livadas stopped by The Business Brew to discuss his background, investing framework, and investment strategy. George is the founder and CIO of Upslope Capital Management. Bill really likes how George looks at the world. You can find George's work at https://www.upslopecapital.com/ . George's portfolio tends to be focused on industries he covered in the past. Bill was curious to discuss how George thinks of his gross exposure (long exposure minus short exposure) and whether shorting has be...
May 13, 2021•1 hr 7 min
Jeremy Raper stopped by The Business Brew to discuss his unique way of viewing equity markets. Jeremy is a global investor that looks for value in obscure places. He views the world through a credit lens, which is fun for Bill since that’s Bill’s background. This episode covers position sizing, illiquid microcap positioning, global investing, and more. Thank you to Jeremy for joining!
May 06, 2021•2 hr 7 min
First and foremost, Bill owns stock in OppFi. This episode is not an invitation or solicitation to buy or sell shares in FGNA, the entity that OppFi is merging with in a SPAC transaction. Second, The Business Brew and Bill encourage listeners to do their own due diligence and talk to their financial advisor before purchasing or selling shares in any security. With that said, Bill wanted to interview Jared because OppFi sits at the intersection of many Business Brew episodes. To begin, FGNA is ta...
May 04, 2021•1 hr 19 min
William Green is the author of RICHER, WISER, HAPPIER: How the World’s Greatest Investors Win in Markets and Life (April 20, 2021; Scribner ). Green has written for many leading publications in the US and Europe, including The New Yorker, Time, Fortune, Forbes, Barron’s, Fast Company, Money, Worth, Bloomberg Markets, The Los Angeles Times, The Boston Globe Magazine, The New York Observer, The (London) Spectator, The (London) Independent Magazine, and The Economist. He has reported in places as d...
May 03, 2021•2 hr 32 min
Corey Hoffstein, host of Flirting with Models, stopped by The Business Brew to have a wide ranging conversation about markets and his career. Corey is an amazing thinker. Rather than summarize his thoughts we would direct listeners to his website: https://blog.thinknewfound.com/author/choffstein/ . You can find his podcast links at https://www.thinknewfound.com/podcast . He's a great guy, incredibly smart, and this is one cool conversation. We hope you listen and enjoy! Corey is the Co-Founder a...
Apr 29, 2021•2 hr 9 min
In this episode Preston Pysh joins The Business Brew. Preston needs no introduction in the financial podcast world. But just in case... Preston Pysh is an authority in business, investing, and leadership. His business podcast is globally ranked #1 on iTunes for stock investing and numerous other categories. On Amazon, Preston is globally ranked as a top 100 business author. His work has been translated into numerous languages and he writes about international finance and central banking. His pod...
Apr 22, 2021•2 hr 46 min
Bill invited Aaron to stop by The Business Brew to have some fun and do a 4/20 episode. While the conversation does touch on cannabis, the more important parts of the conversation involve Aaron's philosophy of work life balance. Aaron is a strong advocate of the 24/6 workweek. He is a staunch advocate of observing a work sabbath weekly. We hope there is wisdom and entertainment in this episode. Aaron's bio is as follows: Aaron M. Edelheit is the CEO and Founder of Mindset Capital, a private inve...
Apr 20, 2021•2 hr 9 min
In this episode Heather Brilliant stops by The Business Brew to discuss what it is like to run a valuation focused asset manager in 2021. Heather has a unique view on asset management and what she is trying to accomplish at Diamond Hill. She is stakeholder focused and believes constraining asset management capacity helps align client and manager incentives. She currently serves as Chief Executive Officer and President for Diamond Hill Capital Management, an independent active asset management fi...
Apr 15, 2021•1 hr 23 min
Please see https://www.fgfinancial.com/corporate-overview/officers-directors/default.aspx for Kyle's official bio. Kyle "stopped by" The Business Brew to discuss his role as CEO of Fundamental Global. In that capacity, he is focused on four portfolio companies: Ballantyne Strong Inc, BK Technologies Corp, GreenFirst Forest Products Inc, and SPAC that reached a definitive agreement to purchase Opportunity Financial. Kyle has a very interesting background. He is mentioned in David Einhorn's book, ...
Apr 08, 2021•2 hr 34 min
