Investor and writer Mat Roiss shares insights on portfolio construction, stock selection, valuation criteria, and areas of current interest. Topics include buying 'hated' stocks in Hong Kong, analyzing Lion Rock Group, Chinese EV market dynamics, precious metal mining companies, European stocks, and commodity investments. The podcast also delves into philosophical discussions on investing approaches and information sharing.
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Quick takeaways
MIT Investment Management Company supports emerging managers for long-term returns and provides valuable resources on emergingmanagers.org.
Mat Roiss combines deep value and convexity investing inspired by Druckenmiller, emphasizing the importance of technical indicators.
Matt Royce focuses on meticulous stock evaluation, blending fundamental analysis with technical signals to optimize investment decisions.
Deep dives
Metemco's Support for Emerging Managers and Investment Opportunities
Metemco, the investment office of MIT, annually invests in emerging managers for long-term returns in line with MIT's mission. They established a resourceful website, emergingmanagers.org, that provides insights for stock pickers. Metemco offers essays, interviews, and service provider information to support stock pickers' journey. Additionally, Metemco occasionally hires new team members, showing dedication to fostering emerging talent.
Brandon's Macrops Value Hive Podcast and Investing Strategy
Brandon from the Macrops Value Hive Podcast shares their focus on consistent high-risk adjusted returns, continuous learning, and a unique investing experience. With a strong community of professionals and retail investors, they emphasize a shared passion for investing and growth. Brandon's favorite follows on Twitter, Matt Royce, inspired by Druckenmiller and deep value investing. Their podcast features informative discussions on investment strategies and insights.
Matt Royce's Investing Journey and Approach to Value Speculation
Matt Royce, inspired by Druckenmiller and deep value principles, shares insights into his investing journey. Starting in 2018 due to high bank fees and low interests, Matt explored various investment approaches, settling on a mix of deep value and convexity akin to Druckenmiller's style. His defining trade moment was oil in 2021, revealing the importance of technical indicators and a blend of value and technical investing.
Matt Royce's Strategy on Hong Kong Stock Picking and Economic Signals
Intrigued by the undervalued Hong Kong market, Matt delved into stock picking, focusing on economic signals and technical analysis. He highlighted waiting for breakout trends like in oil stocks and confirming signals through economic data rather than just technical indicators. Matt emphasized a meticulous approach to stock evaluation, considering factors like company performance, balance sheets, and economic conditions for strategic stock selection.
Incorporating Technical Analysis and Fundamental Investing in Matt Royce's Strategy
Matt Royce emphasizes integrating technical analysis and fundamental investing to navigate market trends effectively. Recognizing the value of contrarian performance and technical confirmations, Matt applies a disciplined approach to managing shorts and emphasizing risk management to avoid value traps. By blending fundamental analysis with technical signals, Matt aims to optimize investment decisions and enhance returns across diverse market scenarios.
Matt Royce's Geographical Stock Exploration and Portfolio Construction Process
Matt Royce delves into geographical stock exploration, sharing insights on selecting stocks from diverse markets like Hong Kong and Poland. His meticulous portfolio construction process involves examining balance sheets, shareholder returns, and management integrity. With a cautious stance on related party transactions and company selections, Matt prioritizes deep value opportunities while considering economic and market dynamics for informed investment decisions.
This episode features Mat Roiss (@InvestRoiss), an investor and writer who shares his approach to portfolio construction, stock selection, valuation criteria, sourcing investment ideas, and areas of current interest. Mat also discusses his Substack (roiss.substack.com) where he publishes investment analysis.
Disclaimer: Nothing discussed constitutes investment advice and is for educational purposes only.
Finally, we couldn't have done it without our sponsors!
Mitimco
This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.
I highly recommend the site for those looking to start a stock-picking fund or just learning about how others have done it. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers, and more!
TIKR
TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at TIKR.com/hive.