We Study Billionaires - The Investor’s Podcast Network TIP750: Generating Alpha, Digital Payments, & AI w/ Deiya Pernas
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Sep 5, 2025 Deiya Pernas, co-founder of Pernas Research with a decade in investment, shares his keen insights into the financial world. He discusses his unique investing philosophy that has led to remarkable portfolio returns. Deiya delves into the burgeoning digital payments space, specifically why he's bullish on Remitly while downplaying Wise's competitive threat. He also highlights the crucial role AI plays in shaping future investments, drawing parallels with past technological revolutions. Join him for a captivating exploration of strategic investing!
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Focus On The Business Motor
- Investing requires predicting a company's future state relative to its present condition rather than obsessing over current financials.
- Seek businesses whose underlying "motor" is strengthening even if short-term financials lag.
Don't Extrapolate Financial Trends
- Historical financial trends have low correlation with future financial performance and are a poor sole basis for prediction.
- Use past financials only to build context and investigate lifecycle and management responses.
Size Positions By Downside Risk
- Size positions according to downside risk: shrink sizes when downside is large despite big upside stories.
- Use tools like Kelly Criterion and average up for concentrated portfolios to manage risk and returns.