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Virtue Financial: A High-Frequency Trading Shop
Virtue is a high-frequency trading shop that does market making and execution across an enormous number of financial markets. The business did very, very well through the whole meme stock explosion. There's been this explosion in these zero day to expiry options. So are they hurt by that? Are they able to trade their way around that?
In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he added Teqnion as the newest addition to his portfolio. Hari’s pick, Palantir, has recently traded at a 52-week high after a preceding 80% drop, and Tobias pitches Virtu Financial, a value stock with strong cash flows in uncertain times.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:35 - The group’s takeaways from the Berkshire Hathaway shareholder’s meeting
06:00 - Why Hari is bullish on Palantir (Ticker: PLTR)
24:46 - Why Toby is bull on Virtual Financial (Ticker: VIRT) as a trade but not as a “buy-and-hold.”
41:37 - Why Stig has invested in Teqnion (Ticker: TEQ) as one of the five stocks he owns
58:21 - Which questions to ask management if you get the opportunity
01:17:07 - What the TIP Mastermind Community is and our plans to meet up in NYC in October
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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