Value Hive Podcast
[REPLAY] Evan Tindell (Bireme Capital): The Psychology of Value Investing (Plus poker and tennis)
Dec 6, 2024
Evan Tindell, the mastermind behind Bireme Capital and a former professional poker player, discusses the intriguing intersections of investor psychology and value investing. He shares insights on shorting Costco, betting heavily on META, and the importance of position sizing. Tindell reflects on his poker background, linking its strategies to identifying undervalued stocks. The conversation also covers SOTP valuation, Japanese small caps, and the nuances of balancing research time with investment opportunities. Prepare for a compelling blend of finance and cognitive insight!
01:23:36
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Quick takeaways
- Evan Tindell emphasizes the importance of investor psychology, particularly in managing emotions during market downturns for long-term success.
- The discussion highlights the cyclical nature of value investing and the significance of identifying mispriced stocks due to cognitive biases.
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Aim for Consistent Returns and Learning
The central focus of the discussion revolves around the pursuit of high risk-adjusted returns in investing. The participants express a commitment to consistently learning from their experiences and evolving as investors. This dedication to improvement, paired with an enjoyable approach to investing, underscores their philosophy. As a result, they have achieved the highest retention rates within their investing service, signifying the effectiveness of their strategies.
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