Investing by the Books

#65 Asif Suria: The Event-Driven Edge in Investing

Dec 10, 2024
Asif Suria, an entrepreneur and investor known for his expertise in event-driven strategies, shares insights from his book on investing. He delves into six key strategies, including merger arbitrage and stock buybacks, highlighting how specific corporate events can signal lucrative investment opportunities. The conversation also uncovers the role of insider buying, the impact of management changes on company performance, and the intricacies of portfolio construction. Suria’s journey through market inefficiencies offers valuable lessons for savvy investors.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ADVICE

Seasonality of Strategies

  • Consider interest rates and market conditions when evaluating event-driven strategies.
  • High interest rates make merger arbitrage less attractive, while spin-offs may perform better.
ANECDOTE

Two Briefcase Bruce

  • Asif Suria bought Vertex Pharmaceuticals stock after learning about an insider purchase by "Two Briefcase Bruce" (Bruce Sachs).
  • Sachs's strong work ethic and infrequent stock purchases signaled a high-conviction investment.
ANECDOTE

Pebblebrook Hotel Trust

  • The CEO of Pebblebrook Hotel Trust, a hotel REIT, started buying stock in August 2024.
  • Suria believes the company will increase its dividend and that the stock is undervalued.
Get the Snipd Podcast app to discover more snips from this episode
Get the app