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The Acquirers Podcast
Aircraft hangars, mineral royalties, and gold with investor Mike Meixler | Value After Hours S06 E38
Oct 21, 2024
Mike Meixler, an experienced investor specializing in retirement strategies, shares his insights on niche real estate investments, including airplane hangars. He discusses the importance of resilience in companies, illustrated by the cockroach theory, and navigates the complexities of value traps in resource investing. The conversation also touches on gold's historical role as a safe haven, the implications of rising national debt, and the potential return to a gold standard. Meixler emphasizes disciplined investment approaches and the impact of human behavior on market trends.
01:01:34
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Quick takeaways
- The podcast emphasizes the importance of balance sheets over income statements to identify resilient companies through the 'cockroach theory'.
- Investing in specialized assets like airplane hangars and mineral rights can provide stable long-term cash flows and significant returns.
Deep dives
Resilience in Investment Strategies
Investment management focuses on identifying companies that exhibit resilience and strong financial health, often described using the 'cockroach theory.' This theory suggests that even in the face of significant economic upheaval, such as recessions, certain companies possess the durability needed to survive and thrive. A practical example of this concept is the emphasis on balance sheets over income statements; investors look for low leverage, ample cash reserves, and robust assets to distinguish between sustainable companies and those merely viewed as value traps. This careful scrutiny helps guide clients through their financial journeys, particularly regarding retirement income and long-term investment returns.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode