Chit Chat Stocks The Best Value Investor You’ve Never Heard Of (Norbert Lou Of Punch Card Management)
Jan 17, 2024
Norbert Lou, famous for his NVR investment, discusses his unique portfolio concentration and starting his hedge fund Punch Card Management. Topics include the advantages of a smaller fund, fund manager ownership, the performance of NPR in the portfolio, and the risks and benefits of a concentrated portfolio.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 3min
Norbert Liu: A Successful Investor's Journey
02:59 • 26min
TIAA's Mission, Paper Right, and the Importance of Management Teams
28:38 • 3min
Punch Card Capital: Starting a Fund
31:18 • 7min
Fund Manager Ownership and Performance Analysis
38:40 • 3min
Performance of NPR and Selective Approach to Investing
41:39 • 19min
A Concentrated Portfolio and Minimal Leverage
01:00:58 • 6min