Michael Batnick, author of The Irrelevant Investor blog (https://theirrelevantinvestor.com/) and Big Mistakes: The Best Investors and Their Worst Investments (https://www.amazon.com/Big-Mistakes-Investors-Investments-Bloomberg/dp/1119366550) and Co Host of The Compound and Friends (https://podcasts.apple.com/us/podcast/the-compound-and-friends/id1456467014 for Apple and https://open.spotify.com/show/5VKsKPZUtwVylxslLie36k on Spotify) stops by The Business Brew for a quick chat. In this episode B...
Mar 20, 2023•44 min•Season 4Ep. 22
Dan Zwirn, CEO and CIO of Arena Investors, stops by The Business Brew to discuss his investing strategy. Arena Investors, LP is a registered investment advisor that originates investments (generally below $50 million) with borrowers and other counterparties who need access to financing and are otherwise not able to access conventional sources. They have complete mandate flexibility across industry, product, and geography. In Dan's words, "The real beauty of our approach, to me, is that ...
Mar 16, 2023•1 hr 16 min•Season 4Ep. 21
Mike and Eli, hosts of Chasing Scratch: A Golf Podcast, join The Business Brew to discuss their podcast, how they monetize podcasts, what they were trying to accomplish when they started podcasting, and, yes, golf. Bill is a huge fan of the podcast they have put together. Check it out on your favorite podcast player! Apple: https://podcasts.apple.com/us/podcast/chasing-scratch-a-golf-podcast/id1281285953 Spotify: https://open.spotify.com/show/2W77oe7Nw7G8RzKkhsMi5E This episode is sponsored by S...
Mar 08, 2023•1 hr 5 min
Tom Gayner stops by The Business Brew to discuss a number of things. You can see the detailed show notes for specifics, below the stratosphere.io sponsor copy. In summation, Bill has wanted to interview Tom for a long time but didn’t know how to make the interview unique. We think this interview covers some topics Tom has not discussed elsewhere. Please consider attending Markel’s annual meeting. On Wednesday, May 17th, from 9-10:30 the good folks at Robotti and Co. are hosting an investor panel...
Mar 02, 2023•1 hr 9 min•Season 4Ep. 20
Adam Wyden, founder of ADW Capital, stops by The Business Brew to share his investing philosophy, discuss some ideas, and talk about lessons learned. ADW is a concentrated, long biased investment partnership founded in 2010. In this episode Adam cautions against idol worship, talks about how he monitors positions and companies, shares his thoughts on management character, and much more. Bill's favorite line from this episode is "Invest with people that have more ...
Feb 24, 2023•2 hr 39 min•Season 4Ep. 19
Arnaud Cosserat, CEO of Comgest, and Rick Mercado, PM at Comgest stop by The Business Brew to discuss quality growth investing. Comgest is an independent, international asset management group, which since its creation in 1985, has pursued a long-term ‘Quality Growth’ and responsible investment style. Arnaud is a long-standing Analyst and Portfolio Manager specialising in European equities. He started his career in 1989 as an Analyst at Banque Paribas, before joining Société de Bourse ...
Feb 16, 2023•1 hr 13 min•Season 4Ep. 18
Randy Baron, lead Portfolio Manager for Pinnacle Associates Ltd's various international products, joins The Business Brew to discuss his investing philosophy. Randy is best known for international value investing and for publicly discussing Amyris. Amyris is an unprofitable company with a CEO that has a controversial reputation. But, it is a very interesting company backed by some very real investors. Bill and Randy have spoken a few times over the past 2 years and Bi...
Feb 09, 2023•1 hr 24 min•Season 4Ep. 17
Whit Clay stops by The Business Brew to discuss his role in the financial ecosystem. Whit sits at the intersection of investor relations and public relations. He works with a wide variety of companies. We hope you enjoy the conversation! Whit Clay is a Co-Chief Executive Officer with Sloane & Company and has been with the firm for more than 21 years. Beyond day-to-day leadership and management of the firm, he leads its financial and crisis communications practice with a foc...
Jan 27, 2023•1 hr 20 min•Season 4Ep. 16
Will Thomson stops by The Business Brew to discuss his approach to real asset investing. Will focuses on companies that happen to produce commodities and/or real assets. That said, he is looking to exploit company/project specific opportunities rather than making commodity calls. In this episode, he describes hi s process and explains how an investor could use publicly disclosed information to see a company's business plan (See: a 4301 document in Canada). Will is the Fou...
Jan 20, 2023•1 hr 19 min•Season 4Ep. 15
Thomas Ricketts, CFA, joins the pod to discuss his investment philosophy. This episode focuses on an investment style that, according to Bill's perception, seeks to identify change and innovation before the market identifies it. Bill was initially a little skeptical of doing an "innovation episode" given how the term has been used in the financial community. However, after diligencing Tom, Bill felt comfortable having Tom on the pod. This conversation adds value to The Bu...
Jan 12, 2023•2 hr 42 min•Season 4Ep. 14
Henry Reardon, aka @integrity4mkts on Twitter, joins the podcast to discuss his investment philosophy. The conversation starts by discussing his Carvana short thesis then goes into his general investing philosophy. The conversation is a bit shorter than normal but packs a punch. This episode is sponsored by Stratosphere.io . Stratosphere.io is a web based terminal that has financial data, KPIs, links to filings, hedge fund letters, etc. A key differentiator is ...
Dec 29, 2022•53 min•Season 4Ep. 13
Jake Taylor stops by The Business Brew to discuss his new product Journalytic. Journalytic is a software designed to help investors improve their process and decision making. Clear thinking and decision making has been a passion of Jake’s for a very long time. Now, he is releasing the culmination of years of hard work to us, the public, FOR FREE. You can sign up at https://journalytic.com/ . This episode is sponsored by Stratosphere.io . Stratosphere.io is a web bas...
Dec 22, 2022•1 hr 22 min•Season 4Ep. 12
John McClain, CFA stops by The Business Brew for a discussion about credit. John serves as a portfolio manager for the Brandywine Global’s High Yield and Corporate Credit Strategies. In this episode John makes the case for why high yield credit is a good bet after a bad year, discusses how corporate finance departments are more professional now (vs pre GFC), talks about companies adding value by buying back debt, and much more. Before joining Brandywine Global, John was a Senior Vice Pres...
Dec 15, 2022•1 hr 18 min•Season 2Ep. 11
Bob stops by The Business Brew to discuss his early career, what he has learned over his career, investing in cyclical businesses/industries, and his biggest investment "loser." This conversation is filled with good lessons and we hope you enjoy. Robert Robotti is the President and Chief Investment Officer of Robotti & Company. Prior to forming Robotti & Company, Incorporated in 1983, Bob was a vice president and shareholder of Gabelli & Company, Inc. He worked in public accoun...
Dec 08, 2022•1 hr 15 min•Season 4Ep. 10
Cullen Roche is the Founder of Discipline Funds. Discipline Funds is a low fee financial advisory and asset management firm. Prior to establishing his own business, Mr. Roche founded his own investment partnership in 2005 after working at Merrill Lynch Global Wealth Management where he helped oversee $500MM+ in assets under management. During the the 7 years running the partnership he was able to guide the small business to high risk adjusted returns with no negative full year returns during one...
Nov 24, 2022•1 hr 22 min•Season 4Ep. 9
Craig Moffett has covered the telecommunications industry – first as a management consultant and later as a Wall Street analyst – for more than thirty years. He has been elected to Institutional Investor Magazine’s All-American Research Team in the U.S. Telecom and/or Cable & Satellite sectors on seventeen separate occasions, including nine separate appearances as the #1 analyst in America in either U.S. Telecom and/or Cable & Satellite. Prior to founding MoffettNathanson, Mr. Moffett sp...
Nov 16, 2022•1 hr 17 min•Season 4Ep. 8
Mark started his professional work life as a consultant with Accenture, where he helped clients for 14 years. He founded his advisory business in 2005, and in 2022 joined Journey Strategic wealth through a merger of his firm with Journey. Prior to graduating from university, he was an auto mechanic, was in the auto parts industry, and spent time as a retail store manager. Mark’s focus has always been either providing advice or fixing things. What drives Mark is helping others reach their goals. ...
Nov 10, 2022•1 hr 28 min•Season 4Ep. 7
Matt Cochrane (@Matt_Cochrane7 on Twitter) stops by The Business Brew to discuss his investment philosophy, how it’s evolved over the past few years, Big Tech, and more. Matt is a police officer with a passion for investing. He began his investment education by studying The Motley Fool discussion boards. Bill and Matt catch up regularly and Bill always enjoys chatting with Matt. This week they decided to record one of those conversations. We hope you enjoy the discussion....
Nov 03, 2022•2 hr 35 min•Season 4Ep. 6
This episode features Alex Morris of TSOH Investment Research. You can find his Substack at https://substack.com/profile/10489671-the-science-of-hitting . In this episode, Alex and Bill have a casual conversation; mostly about media and cable. Through the conversation you will hear how Alex thinks about partnering with companies and management teams for the long term. You will also hear how Alex thinks about competitive positions and strategic decision making. Alex is a wonderf...
Oct 28, 2022•2 hr 41 min•Season 4Ep. 5
Daniel Needham, CFA, stops by The Business Brew for a wide ranging discussion. Daniel is a wealth of knowledge. He is president of Morningstar’s Wealth Management Solutions, which includes software and aggregation capabilities from Morningstar Office and ByAllAccounts, and the individual investor experience across Morningstar.com , and Morningstar Investment Management. After the recent acquisition, he also oversees the U.K. and international business of Praemium and their core products, w...
Oct 14, 2022•1 hr 17 min•Season 4Ep. 4
Kyle Mowery, Founder & Portfolio Manager at GrizzlyRock Capital stops by The Business Brew to discuss his investment philosophy. Kyle is a traditional value investor that tends to focus on smaller, cyclical companies. In this episode he talks about why he fishes in that pond, where he has found his biggest winners, how he thinks about investing, and much more. GrizzlyRock does very deep due diligence and Bill thinks highly of their work. We hope you enjoy the conversat...
Sep 29, 2022•1 hr 18 min•Season 4Ep. 3
Marc Cohodes' (@AlderLaneEggs on Twitter) LinkedIn profile describes him as the "Head Bull Fighter at Alder Lane Farm." He is a well known short seller, but in this episode he discusses how he thinks about his long positions more than he discusses short selling. Marc is highly entertaining, informed by deep due diligence, and is not afraid to say what is on his mind. We hope you enjoy this episode. Detailed Show Notes: 2:00 – Marc discusses scuttlebutt 7:00 – The importance of gettin...
Sep 22, 2022•1 hr 20 min•Season 4Ep. 2
Evan Tindell joins The Business Brew to discuss how his background as a poker player influences his investing philosophy, how he got started in the business, and he drops some knowledge about shorting. Bill reached out to Evan because Bill wanted to discuss position sizing and “Kelly betting,” which was the catalyst for this conversation. Please pardon some construction noise in the beginning, the conversation’s quality is worth listening past some background noise. You can follow Evan’s firm at...
Sep 15, 2022•2 hr 32 min•Season 4Ep. 1
Scott Reardon, Portfolio Manager at Dakota Value Funds, Author of The Dark Continent series and Bonfire of the Beasts, stops by The Business Brew to chat about what he learned by studying the greatest investors of all time. Scott's work led him to focus on very favorable risk/reward scenarios. While that might sound trite, it's hard in practice. You can read Scott's work at: Greatest investors: https://www.dakotavalue.com/stewart-s-bridge-paper Cyclicality of markets and life: https://www.dakota...
Aug 18, 2022•2 hr 37 min•Season 3Ep. 17
Just a quick message to let you know Bill is on vacation with his family, but episodes of the Business Brew will return in a few weeks.
Jul 28, 2022•21 sec
Chadd Garcia hosted the The Business Brew for this conversation. Chadd runs the Ave Maria Focused Fund, which is a non-diversified mutual fund (ticker: AVEAX). His portfolio holding are eclectic. Some themes you will see in there are quality and compounders. However, several of the companies are undergoing business transformations or have advantaged business models. Chadd has an interesting background. He grew up on a family farm in Arizona...
Jul 22, 2022•58 min
Vitaliy Katsenelson stops by The Business Brew to discuss investing and his new book; Soul In The Game (see https://soulinthegame.net/). Vitaliy is an amazing writer who discusses investing and life. You can find his writings at https://contrarianedge.com/. We hope you enjoy this discussion. No detailed show notes on this one. This episode is brought to you by Bastiat Partners , a a new breed of investment and merchant bank that specializes primarie...
Jul 07, 2022•2 hr 59 min
Tom Morgan stops by The Business Brew for a wide-ranging conversation. Tom is the Director of Content and Communications at The KCP Group. His writings can be found at https://thekcpgroup.com/insights . Tom describes himself as a curious sherpa. He's always looking to find interesting people and ideas. You can find Tom at @tom_morganKCP on Twitter. No detailed show notes on this one. Just listen. This episode is brought to you by...
Jul 01, 2022•2 hr 36 min•Season 3Ep. 14
William Green, best-selling author and podcast host extraordinaire, comes back to The Business Brew to have a very real conversation about life. William's first appearance was part of the launch of Richer, Wiser, Happier, which you can find at https://www.amazon.com/s?k=richer+wiser+happier+william+green&i=audible&sprefix=richer%2Caudible%2C84&ref=nb_sb_ss_ts-doa-p_1_6 . This conversation is more focused on William's career and lessons he has learned. This was a conversat...
Jun 23, 2022•2 hr 39 min•Season 3Ep. 13
Jordan Noone stops by The Business Brew to discuss his experience founding Embedded Ventures and Relativity Space. At the age of just 22 years old Jordan co-founded Relativity Space, which 3D prints rockets! Yes, rockets. See https://www.relativityspace.com/. Following his time at Relativity Space, Jordan co-founded Embedded Ventures, a venture capital firm. Embedded has an interesting goal of using "clean capital" to enhance the security of the US while generati...
Jun 16, 2022•1 hr 17 min•Season 3Ep. 12
