4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

RWH025: Patient Capital W/ Samantha McLemore

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Characteristics of Early Stage Companies That Could Be Huge

We're always looking for some reason to believe that markets current expectations aren't reflecting the fundamentals that we see in the business. So an example of this, I think, now is a couple of examples, but one that we've owned for a little a few years now is Farfetch. It's losing money in the short term and has been hit by Russia, China, FX. But as we look at the implications for the business over the next few years, we think that the company is materially misunderstood and mispriced. And so those are the sorts of things we're looking for when we analyze these companies.

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