Hey guys! This week we've got anonymous Twitter user Henry Rearden ( @Integrity4Mkts ) on the podcast. Henry is most-known for his viral short thesis on Carvana $CVNA. You can find his latest thoughts here . However, this podcast goes beyond Henry's short CVNA thesis. We uncover an intelligent investor from humble beginnings. Someone on the hunt for mispriced securities with limited downside, wherever that takes him. Throughout the podcast we discuss the following topics: Where to find ideas How...
Aug 19, 2022•58 min
Hey Guys! I started The Value Hive Podcast three years ago on the floor of my bedroom in my parents house. Today, I interviewed the iconic green cartoon chicken Doomberg . Lesson? Work hard and you too can interview cartoon chickens. This episode is a behind the scenes of what happens inside the hen house. Going from idea generation to the first draft, then to editing and publishing. How to use twitter to create demand. Why having a good enough title is is essential for crossing the chasm into v...
Aug 12, 2022•1 hr 30 min•Season 3Ep. 32
This week our guest is Paul Andreola. He is the publisher of SmallCap Discoveries and full-time microcap investor. Today, we discussed why illiquidity is a benefit, the advantages of being a CEO, his research process, immediate green and red flags, and how to spot the next $XPEL! [0:00] Introduction: The most difficult parts of micro-cap investing in the last two years. [1:40] Benefit of illiquidity [6:50] Being a CEO [11:00] What was the why for $XPEL? [12:50] How much of a cost burden is stayi...
Aug 05, 2022•1 hr 9 min•Season 3Ep. 31
This week we're continuing our Investor Audibles series with three Q1 2022 letters from the following investors/funds: Worm Capital (03:00 - 27:00) East 72 (28:00 - 61:00) Alluvial Fund (62:00 - 73:00) Please let me know what other letters you'd want to hear on future Investor Audible series episodes! Finally, a big thanks to the following sponsors for making the podcast a reality. Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment ...
Jul 29, 2022•1 hr 14 min•Season 3Ep. 30
Hey guys! This week we have value investor Christian Ryther from Curreen Capital. This is a gardening heavy episode. We focused on one of the most iconic Peter Lynch’s quotes: Watering the flowers, cutting the weeds. We discussed when to cut the weeds, what to do if a flower turns into a weed, accidentally cutting a flower, finding a better flower, the bullish thesis for Getbusy ($GETB), Christian’s Ideal Investments and how Christian finds ideas. Enjoy! [0:00] Watering the flowers, cutting the ...
Jul 22, 2022•1 hr 13 min•Season 3Ep. 29
Hey Guys! This week, we’re chatting all things Carvana ($CVNA) from a Twitter Spaces I organized on July 7, 2022. The goal was to figure the +20 billion dollar question… Will Carvana ($CVNA) survive? We discussed how much Carvana has in liquidity, what could cause Carvana to have a liquidity crunch, is the valuation attractive enough? Plus, we had amazing guests such as Henry Rearden ( @integrity4mkts ), @GuyDealership , and Marc Cohodes ( @AlderLaneEggs ). [0:00] Introduction [2:00]@WolfofMStre...
Jul 15, 2022•1 hr 35 min•Season 3Ep. 28
Hey Guys! This week we return to the anonymous Twitter pool and today our guest is @chasingthevig . We discussed what really matters the most when investing in stock, the arrogance of conviction, his investment journey, what are thesis breakers , why the Industrials and Materials industries are his favorite and some special situations, his ideal longs and ideal shorts.the arrogance of conviction [0:00] What Matters Most when Investing in Stocks? [5:00] @chasingthevig’s Research Process [9:30] Co...
Jul 08, 2022•1 hr 11 min•Season 3Ep. 27
Hey Guys! This week we have Eugene Ng. He is the founder of Vision Capital which invest in public and private markets. On this episode Eugene shares with us his New Death Experience, how he rediscover investing, how he constructs a portfolio, why he likes to invest in Zero to One businesses and he explains his six-part framework using DLocal ($DLO) as an example. [0:00] Eugene’s Near Death Experience [5:50] Rediscovering Investing: Value to Growth [22:00] Can you really estimate earnings growth?...
Jul 01, 2022•1 hr 22 min•Season 3Ep. 26
This week we're continuing our Investor Audibles series with three Q1 2022 letters from the following investors/funds: Andrew Rosenblum, Bonsai Partners (03:00 - 27:00) Roger Fan, RF Capital Management (28:00 - 36:00) Howard Marks, Oaktree Capital (37:00 - 66:00) Please let me know what other letters you'd want to hear on future Investor Audible series episodes! Finally, a big thanks to the following sponsors for making the podcast a reality. Mitimco This episode is brought to you by MIT Investm...
Jun 24, 2022•1 hr 14 min•Season 3Ep. 25
Hey Guys! This week we have Jay Singh III from specialsitsresearch.com . This episode is all about special situation and our guest Jay shares with us his investing journey and how he got to work in Goldman Sachs, why every investment is a factor bet, what is the Church of What is Known, why SPACs are one of the best opportunities to exist for the short side and the long side, what is the risk and reward for investing in the energy sector and how to screen for ideas. If you enjoyed this podcast, ...
Jun 17, 2022•1 hr 35 min•Season 3Ep. 24
Hey guys! This episode we got Alex Morris. Alex is the man behind the substack: The Science of Hitting. This is second time we have Alex as a guest and on this episode we talk all things Retail. We covered a lot of topics ranging from why he likes retail businesses, to Target’s latest quarter reports, the bull case for Five Below, retail’s KPI and unit economics, and the difference between the Dollar Tree and Dollar General. [0:00] Who is Alex Morris? [5:50] Changing your Investment Philosophy. ...
Jun 10, 2022•1 hr 42 min•Season 3Ep. 23
Hey Guys! This week’s guest is Adam Wyden from ADW Capital. After annoying him for countless weeks via Twitter DMs, he has agreed to join the podcast and talk about his investment journey, his investment process, how he finds ideas, how he constructs a portfolio and manages position sizing, his amazing returns while investing during the Great Financial Crisis, his biggest mistakes and his Twitter experience. If you want to learn more about Adam and his process, check him out on Twitter here and ...
Jun 03, 2022•1 hr 27 min•Season 3Ep. 22
Hey Guys! This week is a clash of podcast hosts: Me vs Ben Claremon. Ben is Partner and Portfolio Manger at Cove Street Capital and the Podcast Host of The Compounders Podcast . Ben conducts great interviews with founders/CEO of public companies. Today he shares his findings, favorite CEOs, his Management Assessment Framework, what makes for great capital allocation, and Ben's greatest business of all time. If you like what you heard, check out Ben on Twitter here and Cove Street's Management Pr...
May 27, 2022•1 hr 33 min•Season 3Ep. 21
This week we're continuing our Investor Audibles series with three Q1 2022 letters from the following investors/funds: Matt Sweeney, Laughing Water Capital Scott Miller, Greenhaven Road Connor Haley, Alta Fox Capital Please let me know what other letters you'd want to hear on future Investor Audible series episodes! Finally, a big thanks to the following sponsors for making the podcast a reality. Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, ...
May 20, 2022•1 hr 3 min•Season 3Ep. 20
Hey Guys! This week we are pivoting from the public markets and we are diving back to Real Estate, specifically getting our hands dirty on affordable housing. Our guest Elliot @mu2myoc is here to tell us the good, the bad, and the ugly. He shared with us some basic concepts used in Real Estate such as yield on cost, his investing methodology, his Real Estate journey, some crazy stories from affordable housing, how to get into affordable housing and his Archdiocese of New Orleans Twitter Thread. ...
May 13, 2022•1 hr 35 min•Season 3Ep. 19
Hey guys! This week we have Eric Markowitz from Worm Capital. This episode is all things Tesla! Eric shares with us Worm Capital’s research on Tesla such as Tesla’s Autonomous Driving Advantage, Tesla’s Gigafactories, Tesla’s Customer Value Proposition, why being DTC is an advantage, and some of Tesla’s potential ancillary services such as insurance, gaming and maybe becoming an advertising channel. [0:00] Worm Capital [4:00] What is like holding Tesla with outside money? [8:00] What does it rea...
May 06, 2022•1 hr 29 min•Season 3Ep. 18
Hey guys! This week’s guest is Robert Prather, founder of Vision Research an independent research firm dedicated that focuses on the short side, and naturally this episode is a big crash course on short selling, so if you are interested in short selling or want to hear the point of view of a short seller this episode just for you! Rob shared how he analyzes the balance sheet, his idea generation, how to do due diligence and why he recommended shorting Allegro ($ALE) and Peloton ($PTON). [0:00] W...
Apr 29, 2022•1 hr 22 min•Season 3Ep. 17
Hey Guys! This week we have a special guest: Logan Bartlett Managing Director and Partner of Redpoint Ventures. This podcast is all about Venture Capital and specifically Software Venture Capital. We discussed Logan’s venture capital journey, the differences between public markets and the private market, what is currently happening in the Software landscape, he shared from a venture capitalist point of view on how to construct a portfolio, deciding when to buy, and how to research a company. [0:...
Apr 22, 2022•1 hr 44 min•Season 3Ep. 16
Hey guys! This week I'm trying something brand new on the podcast. I created an "audiobook" edition of some of my favorite hedge fund letters. This week, I read the Q4 letters from the following funds: GreenWood Investors Worm Capital Third Point Gator Capital There is one other podcast that does this (Capital Literature), but I thought having a more human voice would make it easier to listen to, hopefully you agree. Finally, a big thanks to the following sponsors for making the podcast a realit...
Apr 15, 2022•55 min•Season 3Ep. 15
Welcome back Aaron Edelheidt! This is the second time Aaron is on the Value Hive Podcast. This time around he was kind enough to give us a Crash Course on the Weed Industry and gave us insight on what exciting developments are happening in the political landscape, how important are brands in the weed industry, why high barriers of entry exist, what are MSOS, Glass House Farms and why he decide to start a only Cannabis Fund. [0:00] The Beginning of a Weed Bull Market: Chuck Schummer [16:00] Weed:...
Apr 08, 2022•1 hr 29 min•Season 3Ep. 13
Hey Guys! This week, we’re chatting all things Podcasting with Bill Brewster! This is a recording of a Twitter Spaces I did two weeks ago. The general goal was to talk about what we have learned from podcasting, our favorites podcast episode/guest, our favorites podcasts and have a ton of fun with the community and answer some of their questions. [1:00] What have you learned about yourself since starting the podcast? [13:00] Researching Guests [16:00] Missing the Commodities Boom [26:00] When it...
Apr 01, 2022•1 hr 22 min•Season 3Ep. 13
Hey Guys! This week we have as a guest another anonymous Fintwit account, @KlendathuCap. We discussed a variety of topics such as the reason behind his Twitter handle, investing in Pixar when he was a kid, how he got into Investing, using technicals, how your behavior changes when you post a stock position on Twitter, how he manages his portfolio and a small conversation about the oculus. [0:00] Who is Klendathu Cap? [4:00] Investing inPixar [12:40] Grandpa’s Trading Style [19:00] @KlendathuCap’...
Mar 25, 2022•1 hr 31 min•Season 3Ep. 12
Hey Guys! This week I am very stoked to have Frederik Gieschen, @NeckarValue, on the Podcast. We dove deep on writing and reading processes, lessons from the trading grates, market burnout, longevity and endgames [0:00] How Frederik Became a Writer [17:00] Don’t Fool Yourself [26:00] Handling Being Wrong [40:00] Investing Burn Out: Peter Lynch [47:00] FinTwit Timeline: Web 3.0, Metaverse, NFT, BS, etc. [1:02:00] Lessons from “Going for the Jugular” [1:07:00] Analyzing Quotes: The Backstop [1:17:...
Mar 18, 2022•1 hr 49 min•Season 3Ep. 11
Hey guys! This week I'm trying something brand new on the podcast. I created an "audiobook" edition of some of my favorite hedge fund letters. This week, I read the Q4 letters from the following funds: Greenhaven Road Capital Laughing Water Capital Greenlight Capital There is one other podcast that does this (Capital Literature), but I thought having a more human voice would make it easier to listen to, hopefully you agree. Also, I thought now would be a great time to try this as I'm traveling t...
Mar 11, 2022•1 hr 14 min•Season 3Ep. 10
Hey guys! This week we have Lukasz Tomicki, the portfolio manager at LRT Capital . LRT is a long-short fundamental based investment fund. In this conversation we took a deep dive to a lot of different areas such as the current conflict between the Ukraine and Russia, his technology background, how he founded a company after graduating high school, story stocks such as Uber and We Work, and Carvana, how he constructs his portfolio, and last but not least he shared his bull theses in Watsco, Inc. ...
Mar 04, 2022•1 hr 30 min•Season 3Ep. 9
This week I'm excited to share with you my conversation with Austin Swanson. Austin is a real estate and stock market investor. And boy, is he passionate about investing. Austin dives deeper into businesses than any analyst/portfolio manager I've seen. This show is a highlight into Austin's research process on Cardlytics (CDLX). Austin owns a two-stock portfolio, and CDLX is one of them.This episode dives deep into the Cardlytics business. We discuss everything including: Customer value proposit...
Feb 25, 2022•1 hr 34 min•Season 3Ep. 8
Hi guys! This week we have a returning guest! Peter Mantas of Logos LP. This episode is solely focused on life sciences and the Biotech space. He explains how strange of an environment the Biotech industry is experiencing at the moment, he shares the different business models that exist in Biotech, we dive a little bit into the pick and shovels of the Biotech industry such as West Pharmaceutical and Charles River Laboratories, how he researches Biotech and the bull case for ClearPoint Neuro Inc ...
Feb 18, 2022•1 hr 24 min•Season 3Ep. 7
Michael Jordan had his flu game. This week, Dan McMurtrie has his Flu Podcast. Join us as the Super Flugatu drops dozens of knowledge bombs, all while battling the flu. Dan touches on a lot of what I originally posted, but there's definitely a few more gems worth the listen. Dan dives deep into topics like: Structuring Research & Valuing Research Time The reality of emerging managers Building Trust Online in a Digital World The Obsession with Long-Term "HODL" Mindsets And more! If you like w...
Feb 11, 2022•2 hr 56 min•Season 3Ep. 6
Hey guys! This week I'm stoked to have Amy Jo Kim on the podcast. Amy is the co-founder of Game Thinking, a company dedicated to helping the world's largest game developers accelerate product innovation and drive engagement from the ground up. This podcast is all about deconstructing what makes the best games, well, the best. Amy spends most of the time discussing how the best games create social network effects, and how game developers can find their "super fans" earlier. Additionally, Amy shar...
Feb 04, 2022•1 hr 6 min•Season 3Ep. 5
Hey guys! This week we have as a guest James Reynolds of Tenebrist Global. I’ve met James at Valuex Vail when he was the only person that pitched a company that was growing more than 5% per year! Certainly a hyper-growth stock. All kidding aside, he is a hyper-growth investor and this week we dug into his background, how he became an investor, his soup to nuts process, ecosystem control, Progyny, Inc ($PGNY), Caravan ($CVNA) and how businesses create win-win-win environments. [1:00] Who is James...
Jan 28, 2022•1 hr 21 min•Season 3Ep. 4
