We Study Billionaires - The Investor’s Podcast Network

TIP465: Value Investing in the Digital Age w/ Adam Seessel

Jul 22, 2022

Adam Seessel, author of "Where the Money Is: Value Investing in the Digital Age," shares his insights on modern investing. He discusses why value investors must rethink high-growth tech investments and critiques GAAP's approach to tech companies, arguing it fails to capture their true potential. Adam introduces his BMP checklist for assessing businesses and emphasizes the significance of 'Earnings Power.' He highlights managerial quality and innovative metrics that redefine how we evaluate investments in today's digital landscape.

01:04:58

Episode guests

Adam Seessel

AI Chapters

Episode notes

Intro

2min

Navigating Market Dynamics and Tech Value

16min

Millennials & Market Dynamics

8min

Navigating Competitive Moats in Tech

8min

Rethinking Accounting for Tech Growth

10min

Understanding Value Investing Metrics and Advertisements

4min

Evaluating Management Quality and Investment Strategies

21min

IN THIS EPISODE, YOU’LL LEARN:

01:49 - Why Billionaire Bill Ackman says Adam’s new book is one of the best investing book he’s read in years.
10:18 - Adam’s Business, Management, and Price (or BMP) checklist.
14:33 - Why value investors should reconsider investing in high-growth tech companies.
34:23 - Why Generally Accepted Accounting Principles (or GAAP) do an injustice for tech companies.
38:38 - The concept of “Earnings Power” and how it changes the Net Present Value.
49:36 - How to assess great management.
56:37 - How tech companies use new ROC metrics like CAC and LTV.
And a whole lot more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Where the Money Is Book.
Adam Seessel's Linkedin.
Trey Lockerbie's Twitter.
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