Cem Karsan stops by The Business Brew to discuss the lens he views markets through. Cem's viewpoint is unique compared to many guests on this program because he looks at how options dealers are positioned and considers what flows may result from that positioning. Many guests on this show view equity valuation as the present value of the discounted cash flows available to equity. While Cem would likely agree with that, he argues in this episode that an equity's va...
Jun 06, 2022•1 hr 23 min•Season 3Ep. 11
Amanda Agati stops by The Business Brew to discuss her investment outlook going forward. Amanda is Managing Director and Chief Investment Strategist for the PNC Financial Services Group. In this role, she oversees all investment strategy-related activities for the Institutional Asset Management, Wealth Management, and Hawthorn (ultra-high-net-worth) businesses. In addition, she leads the team that establishes overall strategic and tactical asset allocation guidance of client portfolios, manages ...
Jun 02, 2022•1 hr 12 min•Season 3Ep. 10
Description - Sean Stannard Stockton, President and CIO of Ensemble Capital Management, stops by The Business Brew for a repeat appearance. Sean discussed his process on his first appearance (see Season 1). In this episode he discusses how he is sticking to his process and managing a portfolio in an uncertain world. Please forgive the lack of time stamps in the show notes. We will follow up and update. In the meantime, enjoy the entire episode. It’s a good one. This episode is brought to y...
May 26, 2022•1 hr 17 min•Season 3Ep. 9
J Mintzmyer, a renowned maritime shipping analyst who directs the Value Investor's Edge ("VIE") research platform on Seeking Alpha, returns to The Business Brew to give an update on the state of the shipping industry (and the associated stocks). This episode is meant to be listened to in conjunction with Craig Fuller’s episode in order to provide the listener with a more robust understanding of what is happening in supply chains. In this episode J discusses many ship...
May 19, 2022•1 hr 3 min•Season 3Ep. 8
Tim Laehy stops by The Business Brew to discuss his career as a CFO. Tim, who served as Coinbase's first interim CFO (from 2017 to 2018), is often hired to come in and professionalize emerging companies' finance departments; setting them up to go public. Some examples of Tim's work include: organizing and developing robust accounting controls & capabilities, building & growing an international tax function, establishing global treasury functions, and developing budgeting...
May 12, 2022•2 hr 47 min•Season 3Ep. 7
Craig Fuller stops by The Business Brew to discuss the freight recession. Craig made news when his organization, FreightWaves, wrote an article forecasting a freight recession. Craig's initial call discussed the trucking sector, but China's lockdowns may create a freight recession throughout the freight industry. This was a fun conversation. It's a must listen if you are interested in the freight and logistics markets. Craig is great on the mic. We hope...
May 05, 2022•2 hr 47 min•Season 3Ep. 6
This episode of The Business Brew is Bill participating in a group discussion about the future of streaming media services. The forum was Twitter “Spaces,” an open forum where anyone can join the discussion and contribute. We cover a number of topics over 2 hours of discussion. We hope you enjoy! This episode is brought to you by Bastiat Partners, a boutique investment banking firm. See https://bastiatpartners.com/ . Detailed show notes below. Please leave us a rating in your f...
Apr 28, 2022•2 hr 14 min•Season 3Ep. 5
Erick Mokaya stops by The Business Brew to chat with Bill about what they have learned as investors. Erick has an inspiring story of dedication, drive, and learning. He describes himself as a Kenyan living in Sweden, who has a passion for financial markets. He is a regular contributor on Seeking Alpha and also the Lead Author the Transcript, a weekly capital markets newsletter that summarizes earnings calls. He invests in US and Nordic equities and, on a small scale, in s...
Apr 21, 2022•1 hr 29 min•Season 3Ep. 4
Josh Horowitz and Liz Gulliver stop by The Business Brew to discuss employer-employee relationships. Josh and Liz co-founded Kunik to help employers build sustainable, scalable cultures that work for everyone, everywhere they are working. How and where we work has permanently changed. Kunik helps organizations build thriving cultures by fueling the workplace with community and conversation. Kunik Conversations are facilitated, expert-led discussions that deliver intentional moments of connection...
Apr 14, 2022•2 hr 36 min•Season 3Ep. 3
Mark S.F. Mahaney stops by The Business Brew to discuss tech investing and his book Nothing But Net. Mark is a senior managing director and head of the Internet Research Team at Evercore ISI. He has covered internet stocks for almost 25 years, and has been consistently recognized by Institutional Investor for his research, including 15 years as a “top 3” ranked analyst and five years as a No. 1-ranked analyst. Previously, Mr. Mahaney worked on both the sell-side and the b...
Apr 07, 2022•1 hr 4 min•Season 3Ep. 2
Dan Katz and Stephen Miran Ph.D. stop by The Business Brew to discuss JSG Investing. JSG investing is investing that focuses on Jobs, Security, and Growth. Their firm, Amberwave partners (see https://www.amberwavepartners.com/ ) helps investors align their portfolios and values, putting their savings to work for the good of American communities. Dan and Stephen have very interesting bios. They read as follows: Steve Miran is a co-founder and lead portfolio manager at...
Mar 31, 2022•2 hr 32 min•Season 3Ep. 1
Dave Girouard stops by The Business Brew to discuss how Upstart is attempting to change the way credit is underwritten. Upstart uses machine learning and artificial intelligence to expand loan underwriting beyond FICO scores. The company’s goal is to make the underwriting process more efficient; creating a win-win for consumers and lenders. Dave also talks about Upstart’s early struggles, what artificial intelligence actually does, how First Round Capital stepped up when Upstart really needed th...
Mar 28, 2022•1 hr 11 min
Simeon Siegel, Managing Director and Senior Analyst at BMO Captial Markets, stops by The Business Brew to discuss his prescient call to sell Peloton, the oddity that brands peak at $3Bn in sales, the role of “Sell Side” analysts, and a whole lot of retail. His views on how COVID saved retail were particularly interesting. Simeon and Bill met at the dinner before Liberty Media’s Investor Day, hit it off, and this conversation is the follow up. We hope you enjoy! Simeon’s official bio reads as fol...
Feb 24, 2022•2 hr 34 min
Michael Green stops by The Business Brew to discuss his inelastic market theory, the outlook for inflation, why the market might be too excited about rate normalization, and much more. Michael is a frequent contributor to Real Vision and has done some phenomenal interviews, which can be found on YouTube. He has been a student of markets and market structure, for nearly 30 years. His proprietary research into the shift from actively managed portfolios and investment funds to systematic passive in...
Feb 10, 2022•1 hr 16 min
Chris Cerrone, a Partner at Akre Capital Management, stops by The Business Brew for a discussion about his investment philosophy, simplicity, the definition of quality, and much more. Chris’ paper, The Art of (Not) Selling, really made an impression on Bill. This discussion follows up on that paper, among other topics. Prior to joining Akre Capital Management in 2012, Chris served as an equity research analyst for Goldman Sachs & Co. in New York from 2010 to 2012. In that position, he covered re...
Feb 03, 2022•2 hr
Andrew Freedman stops by The Business Brew for a discussion about the ever changing media landscape. In this discussion, Andrew articulates how he views valuation, what makes stocks good “long” and “short” candidates, and how his process has evolved over time. There’s a lot of company specific discussion here. We hope it is beneficial, educational, and entertaining. Andrew’s official bio reads as follows: Andrew Freedman, CFA, is a Managing Director and Communications Sector Head at Hedgeye. In ...
Jan 27, 2022•2 hr 37 min
Troy Lavinia, founder of Stream by Mosaic, stops by The Business Brew to discuss creating Stream, building teams, and strategic thinking. Troy is a really interesting thinker, approaches life with an abundance mentality, and is always looking to find the right partners to grow a business. Interesting tidbits about Troy include his time at Elliott Management and playing football fullback and tight end at University of Pennsylvania. At one point in the conversation Bill asks Troy how he got comfor...
Jan 24, 2022•1 hr 9 min
Will Thomson stops by The Business Brew to discuss his approach to real asset investing. Will is the Founder and Managing Partner of Massif Capital, LLC. He has experience in private equity and credit/political risk insurance, in addition to having served as a strategic and economic adviser to NATO/ISAF in Afghanistan. Before starting Massif Capital, Will worked in the New York office of Chaucer, a Lloyd’s of London insurance syndicate, serving as the co-portfolio manager for a $750 million port...
Jan 20, 2022•1 hr 29 min
Muji stops by The Business Brew to discuss modern internet infrastructure. Muji has extensive technical knowledge about internet infrastructure, network security, and high growth companies such as Snowflake. He shares his knowledge via a paid newsletter, found at hhhypergrowth.com , which Bill subscribes to and enjoys very much. Our discussion mostly focuses on how information travels over the internet to end up being consumed by everyone. This is a very interesting discussion and we hope you en...
Jan 13, 2022•2 hr 36 min
Denise Shull is Founder and CEO of The ReThink Group (see https://therethinkgroup.net/ ). She developed the Shull method, which relies on the latest brain research on how humans perceive, judge and decide. Understanding this on a practical level routinely allows The ReThink Group to resolve the mysterious mental challenges of slumps, burnout, motivation and resilience. Denise’s distinctive approach produces results that are unmatched in the performance and risk-taking fields. We start off jumpin...
Jan 06, 2022•1 hr 21 min
Kristi Ross stops by The Business Brew to discuss her career, leading companies through M&A, and two notable exits exceeding $1.7Bn (the most recent of which was valued at $1Bn https://www.bizjournals.com/chicago/inno/stories/news/2021/01/21/chicagos-tastytrade-acquired-in-1b-deal.html ). Kristi is the co-CEO of tastytrade, which launched in 2011. She also co-founded dough, a visual front-end trading technology platform that launched in 2014 and ultimately merged with and rebranded as tastytrade...
Dec 23, 2021•1 hr 11 min
Jillian Jaccard Murrish stops by The Business Brew to discuss co-founding and running Pier Asset Management; an alternative credit firm. Pier delivers fixed income yield by investing in alternative credit, which they define as all nonbank lending. Typical loan sizes in Pier’s portfolio are loans less than $250,000. This was a fun conversation and touches on an asset class that hasn’t been discussed much on this program. As always, nothing is investment advice and do your own due diligence! Jilli...
Dec 16, 2021•1 hr 19 min
NOTE: For 20% off of KOYFIN please use the following link: https://www.koyfin.com/?utm_campaign=BusinessBrew20off&utm_medium=referral&utm_source=rewardful&via=business The discount will be applied at checkout. Rob Koyfman stops by The Business Brew to discuss his background, starting a Fintech business, building teams, and much more. Rob’s experience includes stints and Goldman Sachs, Citigroup and macro roles at Luxor Asset Management and Tekne Capital Management. This was a fun conversation fo...
Dec 13, 2021•1 hr 16 min
Tren Griffin stops by The Business Brew for a fun conversation about his career, investing, and life. Tren is an author of 7 books, had a front row seat to Bill Gates’ career, sold ½ of his business in the .com bubble, deeply studied Charlie Munger, and now works at Microsoft. This conversation spans Tren’s career, his advice regarding giving to get, the importance of being brave, and much more. Tren, thank you for joining The Brew. It was a pleasure speaking with you. We hope you enjoy the disc...
Dec 09, 2021•2 hr 43 min
Louisa Nicola stops by The Business Brew to discuss her time as a triathlete, recovering from a major injury, and how she got curious about the power of the brain during her rehab from injury. Today, Louisa is Director and Head Neuroscientist at Neuro Athletics. Her firm helps athletes and hedge fund managers monitor their sleep, diet, etc. in order to help them achieve their maximum potential. You can follow Louia @lousianicola_ on Twitter or read her writing at https://substack.com/profile/326...
Dec 03, 2021•1 hr 8 min
The one and only David Gardner stops by The Business Brew for an interview Bill has been looking forward to for over a year. David is a Co-Founder of The Motley Fool. He is best known for his Rule Breaker investing strategy but Bill knows him as a person that forced Bill to contemplate how he looks at investing. You can find David’s Rule Breaker podcast at https://www.fool.com/podcasts/rule-breaker-investing/ , follow him on Twitter at @DavidGFool, and sign up for The Motley Fool at https://www....
Nov 24, 2021•2 hr 57 min
Jonathan Boyar stops by The Business Brew to discuss his investing philosophy. Jonathan is the President of Boyar's Intrinsic Value Research LLC ., an independent research boutique established in 1975 that counts some of the world’s largest sovereign wealth funds, hedge funds, mutual funds and family offices as subscribers. He is also a Principal of Boyar Asset Management, which has been managing money utilizing a value oriented strategy since 1983. He has been interviewed by Barron’s, Welling o...
Nov 18, 2021•1 hr 28 min
David Fauchier stops by The Business Brew to discuss crypto and market neutral strategies in crypto assets. David works at Nickel Digital Asset Management, an investment manager connecting traditional finance with the digital assets market. The firm deploys highly sophisticated low-latency algorithmic trading, pursuing a range of arbitrage strategies in both spot and derivative markets, as well as a range of directional buy-and-hold products. All funds are designed with institutional clients in ...
Nov 11, 2021•2 hr 35 min
Alexandra Blumenfeld stops by The Business Brew to discuss her business, Red Rover. Alex is a Junior at Vanderbuilt University and founded Red Rover, an expert network. Bill, Josh Tarasoff, Trey Kuppin, and Elliot Turner have all used Alex's service and all recommend the service. This conversation will highlight the value Alex provides. See show notes below for details of the conversation. Red Rover Website : redrovernetwork.com Red Rover Twitter Page : https://twitter.com/RedRoverNetwork If you...
Nov 08, 2021•1 hr 15 min
Kyler Hasson ( Kyler@hassoninvestments.com ) stops by The Business Brew to discuss how he has morphed as an investor and as a Registered Investment Advisor. Kyler is one of Bill's good friends and they've chatted about investments for a number of years now. Kyler is an investor that has gravitated to high quality businesses. He has also gravitated towards a less concentrated portfolio in order to fulfill client objectives. We hope you enjoy listening to the two of them sharing lessons they've le...
Nov 04, 2021•2 hr 34 min
