Samir Patel on Using AI Intelligently Within the Investment Process
This Week in Intelligent Investing
Scaling the Watchlist with AI
Samir explains how AI helps update old theses, expand the watchlist, and perform qualitative refreshes on companies efficiently.
In this episode, co-hosts Elliot Turner and John Mihaljevic welcome Samir Patel, the founder and portfolio manager of Askeladden Capital, a long-only small/micro-cap value investing firm based in the Dallas–Fort Worth area.
Samir discusses the use of AI in the investment process. Samir explains how and why he uses certain AI tools and approaches through the lens of mental models, including trait adaptivity, focus, and cognitive biases.
Enjoy the conversation!
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Further reading:
- Poor Ash's Almanack (latticework of 100+ mental models)
- Deep dive on AI and its implications for value investing
- Letter on how AI is driving improvements in productivity
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Samir Patel is the founder, principal, and portfolio manager of Askeladden Capital Management LLC, an investment firm he established in 2015. Based in Texas, the firm employs a research-driven, value-investing philosophy and focuses on a concentrated, long-only strategy in small and micro-cap securities. Patel is also known for his shareholder activism, having publicly engaged with companies like MiX Telematics and AstroNova to advocate for changes intended to increase shareholder value. Prior to founding Askeladden, he worked as a research analyst at Bonanza Capital.
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The primary purpose of this podcast is to educate and inform. The views, information, or opinions expressed by hosts or guests are their own. Neither this show, nor any of its content should be construed as investment advice or as a recommendation to buy or sell any particular security. Security specific information shared on this podcast should not be relied upon as a basis for your own investment decisions -- be sure to do your own research. The podcast hosts and participants may have a position in the securities mentioned, personally, through sub accounts and/or through separate funds and may change their holdings at any time.
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About the Co-Hosts:
Elliot Turner is a co-founder and Managing Partner, CIO at RGA Investment Advisors, LLC. RGA Investment Advisors runs a long-term, low turnover, growth at a reasonable price investment strategy seeking out global opportunities. Elliot focuses on discovering and analyzing long-term, high quality investment opportunities and strategic portfolio management. Prior to joining RGA, Elliot managed portfolios at at AustinWeston Asset Management LLC, Chimera Securities and T3 Capital. Elliot holds the Chartered Financial Analyst (CFA) designation as well as a Juris Doctor from Brooklyn Law School.. He also holds a Bachelor of Arts degree from Emory University where he double majored in Political Science and Philosophy.
John Mihaljevic leads MOI Global and serves as managing editor of The Manual of Ideas. He managed a private partnership, Mihaljevic Partners LP, from 2005-2016. John is a winner of the Value Investors Club’s prize for best investment idea. He is a trained capital allocator, having studied under Yale University Chief Investment Officer David Swensen and served as Research Assistant to Nobel Laureate James Tobin. John holds a BA in Economics, summa cum laude, from Yale and is a CFA charterholder.
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