Millennial Investing - The Investor’s Podcast Network

MI345: A Decade Outperforming The NASDAQ w/ Brian Stoffel

Apr 16, 2024

59:42

Snipd AI

Financial writer and investor Brian Stoffel discusses transparency in track records, anti-fragility, risk management, and investment strategies. Topics include using a reverse DCF to analyze market assumptions, the importance of narratives in stock prices, identifying switching costs in businesses, and lessons from Nassim Nicholas Taleb. Learn about the significance of track records, skin in the game, and free cash flow in investing.

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Transparency in track record influences investment decisions and showcases aligning personal and public advice.

Application of anti-fragility in stock analysis highlights resilience and adaptability of tech companies.

Balancing risks in portfolio management involves reverse DCF, probability-weighted valuations, and scenario analysis.

Deep dives

Importance of Company Transparency and Track Record in Investing Strategy

Having a transparent track record and being exposed to downside risks has significantly influenced the investing strategy. Transparently showcasing investing performance since 2015 has been crucial. Analyzing past articles to see the correlation between stock recommendations and subsequent performance emphasized the importance of aligning personal investments with public advice.

Introduction

2min

Unconventional Investing Strategies and Portfolio Performance Analysis

12min

Investing Strategies and Growth Stocks

7min

Navigating Uncertainties in Investing and Finance

20min

Financial Product Sponsor Ads Showcase

4min

Moats and Switching Costs in Businesses

16min

Navigating Investments Based on Understanding Competitive Advantages

2min

Connecting with Brian, Newsletter, and a Partnership with Savvy Trader

2min

Kyle Grieve chats with Brian Stofell about the crucial role of being transparent with your track record, how to score anti-fragility, managing risk in a portfolio where evaluation isn’t critical, the interplay of narrative and investor sentiment, how to utilize a reverse DCF to find the market's assumptions on growth, investment lessons from Nassim Nicholas Taleb, how to weight probabilities for analyzing the outcome of a stock, and a whole lot more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

03:12 - The significance of track record in decision-making processes.

03:50 - The crucial role of having "skin in the game" in various ventures.

08:56 - Insights into Brian's transition towards tech-oriented businesses.

09:13 - Why Brian adds a stock at any price, regardless of valuation, if the business is anti-fragile.

09:13 - The importance of free cash flow when looking at loss-making businesses.

14:30 - How Brian enters a position and how he allows it to earn its way to a higher allocation.

19:57 - Exploring the anti-fragility inherent in specific tech sectors.

37:52 - Why switching costs are so easily identifiable.

40:56 - How to use RDCF to help you better understand the assumptions made about a business.

46:22 - The importance of understanding the relationship between narratives and price.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Millennial Investing - The Investor’s Podcast Network

MI345: A Decade Outperforming The NASDAQ w/ Brian Stoffel

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Company Transparency and Track Record in Investing Strategy

Application of Anti-Fragility Concept in Stock Analysis and Portfolio Construction

Risk Management and Valuation Considerations in Portfolio Building

Importance of Playing with Probabilities in Investment Analysis

Significance of Narrative in Investment Decision-Making

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

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AI-powered
podcast player

Discover
highlights

Millennial Investing - The Investor’s Podcast Network

MI345: A Decade Outperforming The NASDAQ w/ Brian Stoffel

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Company Transparency and Track Record in Investing Strategy

Application of Anti-Fragility Concept in Stock Analysis and Portfolio Construction

Risk Management and Valuation Considerations in Portfolio Building

Importance of Playing with Probabilities in Investment Analysis

Significance of Narrative in Investment Decision-Making

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Save anymoment

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