Value Hive Podcast @ContrarianCurse: From Analyst To Portfolio Manager
16 snips
Jun 13, 2025 The conversation dives into the transition from analyst to portfolio manager, highlighting the increased responsibility and hidden risks faced. Exploring market dynamics, it uncovers the challenges brands like Lululemon encounter in maintaining consumer loyalty. Valuation insights reveal successful models in the restaurant industry, while discussions on cyclical investments emphasize understanding industry trends. AI's role in navigating volatility and the importance of separating valuation from trading decisions are also explored, making it a treasure trove for stock enthusiasts.
AI Snips
Chapters
Transcript
Episode notes
Unconventional Investing Journey
- Contrarian Curse shared his unconventional path into institutional investing starting from a non-name brand school and cold calling small business owners in FX.
- He built experience through various roles before securing an active US mandate in his local pension system.
Misunderstanding Portfolio Risks
- Many portfolio managers mistakenly believe they're buying idiosyncratic risk, but often they're just acquiring factor and beta exposures.
- Concentration limits aimed to reduce damage by capping exposure per name but often lead to owning many similar stocks with overlapping risks.
Use Relative Strength in Volatility
- Use relative strength and proprietary tracking infrastructure to identify what holdings are holding up during market stress.
- Prioritize adding defensive names showing strength and consider raising cash as they peak in performance.