Value Hive Podcast Q3 2025 Investor Audibles: Hinde Group, Atai Capital, Greenhaven Road Capital
18 snips
Dec 12, 2025 Explore strong Q3 performances and macro insights from Hinde Group, including their investment in Becton Dickinson and the implications of their reverse Morris Trust deal with Waters. Delve into Atai Capital's concentrated strategy and their successful position in BK Technologies. Greenhaven Road discusses underperformance tied to limited AI exposure while defending their concentrated investment philosophy. Gain insights into various growth strategies and investment opportunities, all while navigating a frothy market of uncertainty.
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AI Boom Masking Macro Risks
- Generative AI spending by a few mega-cap firms is propping up broader market optimism.
- Markets price low tail-risk despite political and economic turmoil because concentrated AI investment creates a large wealth effect.
Use Corporate Actions As Catalysts
- Consider special-situation investments in high-quality, undervalued businesses undergoing corporate actions.
- Use catalysts like spinoffs and buybacks to unlock value while preserving downside protection.
Almost-Great Business With Hidden Value
- Becton Dickinson is a highly predictable, margin-rich medical supplier with constrained organic growth.
- Monetizing non-core biosciences assets and aggressive repurchases could re-rate BD to much higher multiples.