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TIP599: Top Stocks for 2024 w/ Jonathan Boyar

Jan 12, 2024

51:55

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Jonathan Boyar, president of Boyar’s Intrinsic Value Research, shares his firm's top 40 stock ideas for 2024. They discuss potential catalysts for investments, the underperformance of small-cap stocks since 2015, an overview of Interactive Brokers stock, Bill Ackman's stake in Howard Hughes, and why Jonathan likes Madison Square Garden Sports Corporation.

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Quick takeaways

Jonathan Boyer's firm's top 40 stocks for 2024 have a history of outperforming, returning 18.9% annually over the past seven years.

Small-cap stocks have underperformed since 2015, but there is potential for a small-cap renaissance in 2024.

Interactive Brokers, Howard Hughes Corporation, Markel Corporation, and Madison Square Garden Sports Corporation are potentially lucrative stock picks for 2024.

Deep dives

Discussion of Forgotten 40 stocks and value-oriented strategy

Jonathan Boyer discusses his firm's top 40 stocks for 2024. Boyer's Intrinsic Value Research has a history of finding outperforming stocks, with their all-cap publication's stocks returning 18.9% annually over the past seven years. The Forgotten 40 list includes stocks with potential catalysts for capital appreciation. Jonathan explains the criteria for companies to make the list, such as having been profiled in their full-length reports and the anticipation of a meaningful catalyst. He also highlights the underperformance of small-cap stocks and the potential for a small-cap renaissance in 2024. He concludes by discussing the importance of catalysts in investing and the benefits of a long-term approach.

Introduction

2min

Interactive Brokers' Competitive Advantage and the Forgotten 40

13min

Analyzing Uber's Performance and Long-Term Prospects

2min

Streamlining Financial Management and Empowering Businesses with AI

2min

Analyzing Macro Trends and Investing Strategies

3min

Performance of Small Cap Stocks and Potential for Outperformance

9min

Interactive Brokers: Financial Performance and Potential Catalysts

7min

Interactive Brokers: Low-Cost Provider and Competitive Landscape

19min

On today’s episode, Clay is joined by Jonathan Boyar. They discuss his firm’s most recent release of The Forgotten Forty, which outlines their 40 best stock ideas for 2024.

Jonathan Boyar is president of Boyar’s Intrinsic Value Research, an independent equity research boutique established in 1975 that counts some of the world’s largest sovereign wealth funds, hedge funds, mutual funds, and family offices as subscribers. He is also a principal of Boyar Asset Management, which has been managing money utilizing a value-oriented strategy since 1983.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:45 - How a company makes the list of the Forgotten Forty.

09:52 - Potential catalysts Jonathan looks for in his investments.

14:30 - Why Uber remained on the Forgotten Forty list after being the list’s top performer in 2023.

21:58 - Jonathan’s thoughts on the underperformance of small-cap stocks since 2015.

28:04 - An overview of Interactive Brokers stock.

39:22 - Why Bill Ackman has taken a massive stake in Howard Hughes.

50:26 - Why Jonathan likes Madison Square Garden Sports Corporation.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
Boyar Research’s Forgotten Forty.
Boyar Research’s Substack.
Books mentioned: 100 Baggers by Chris Mayer.
Related Episode: TIP518: The Buy List for 2023 w/ Eddy Elfenbein | YouTube video.
Check out all the books mentioned and discussed in our podcast episodes here.
Follow Jonathan on Twitter.
Follow Clay on Twitter.

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We Study Billionaires - The Investor’s Podcast Network

TIP599: Top Stocks for 2024 w/ Jonathan Boyar