Invest Like the Best with Patrick O'Shaughnessy
Cliff Sosin - Investing in Carvana - [Invest Like the Best, EP.421]
Apr 29, 2025
In this engaging conversation, Cliff Sosin, founder of CAS Investment Partners, shares his unique investment journey from engineering to hedge funds. He dives deep into his substantial investment in Carvana, detailing its market cap rollercoaster from $60 billion to a 99% drop, and back towards $50 billion. The discussion offers insightful reflections on investing with intention, the complexities of logistics in Carvana’s operations, and the evolving role of AI in investment strategies. Cliff's experience sheds light on the delicate balance between concentration and diversification in today's market.
02:00:15
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AI Summary
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Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Cliff Sosin's investment philosophy centers on supporting passionate entrepreneurs who strive for meaningful societal contributions through their businesses.
- His significant investment in Carvana illustrates the unpredictable nature of the volatile used car market and the challenges of growth.
Deep dives
The Concept of Life's Work
Life's work refers to the idea that entrepreneurs are driven by a deeper mission, underscoring their relentless pursuit of meaningful contributions. The discussion emphasizes the importance of identifying and supporting passionate founders, termed 'maniacs on a mission', who channel their energies into creating impactful businesses. This approach serves as the foundation for investment strategies that prioritize companies capable of significant societal change. By aligning with such visionary entrepreneurs, investors can contribute to innovations that enhance efficiency and effectiveness in their respective industries.
