Introduction

This episode is sponsored by Dilupa, an AI driven single source for all company reported data. After this episode, we're going to take a short break. Call it two to three weeks. I am traveling next week and it takes a little while to get these things rerecorded and out. So give it a listen. If you like it, I'm very happy. If you don't, then come back for the next one.

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Episode notes

ValueStockGeek (“VSG”) stops by The Business Brew to discuss his evolution as an investor. VSG can be found on Twitter at @valuestockgeek, his portfolio can be found at https://portfoliocharts.com/portfolio/weird-portfolio/, and his blog is at https://www.securityanalysis.org/

We hope you enjoy the conversation.

The Business Brew will be off for a few weeks after this episode. We shall return.

Sponsor Info:

⁠⁠Daloopa ⁠⁠is founded by a former hedge fund analyst to bring simplicity into the investment process. ⁠⁠Daloopa ⁠⁠offers an AI driven single source for all company reported data, and allows for investment teams to make the most informed decisions in the shortest amount of time. ⁠⁠Daloopa ⁠⁠scales the velocity of an investment team’s idea gen. Analysts spend less time locating and manually inputting meaningful disclosures into Excel and more time synthesizing in the minutes after the print. ⁠⁠Daloopa ⁠⁠captures data from all company reported sources, including from footnotes, MD&As, and investor presentations. Our data sheets include GAAP to non-GAAP adjustments, guidance, and all company specific KPIs. Each datapoint is auditable to the source for easy verification and accuracy. ⁠⁠Daloopa’s ⁠⁠Excel plugin can also update your existing models for the latest quarter in just a single click. Bulge-bracket banks and major multi-managers are trusting Daloopa for use in initiating coverage, building and maintaining industry dashboards, and keeping their models up to date.

Visit ⁠⁠⁠Daloopa.com/BusinessBrew⁠⁠⁠ to create a free account and learn more about how ⁠⁠Daloopa ⁠⁠can help increase your team’s speed to differentiated insight.

Detailed Show Notes

4:40 – VSG’s Background

12:00 – Is value a macro bet?

17:00 – Are computers better suited to exploit the value factor than humans?

24:30 – Thoughts on dividends and whether they mitigate some bad management incentives

30:00 – Are quants bound to win and will computers take over the world?

32:22 – What VSG’s goals are for his substack

40:00 – The realization that “high multiple” doesn’t necessarily mean overpriced

43:45 – A potential blindspot that “value” might create

47:00 – Asset allocation discussion

54:00 – How Bill and VSG got into investing and some thoughts on trading

1:00:00 – The types of companies VSG owns