Value Investing in the Digital Age with Adam Seessel

On todays episode of the WTFinance podcast I interviewed Adam Seessel, 
Founder and Chief Investment Officer of Gravity Capital Management and author of the recently released book "Where the Money is: Value Investing in the Digital Age". 

Buy the Book here - https://www.amazon.co.uk/Where-Money-Value-Investing-Digital-ebook/dp/B0B2Q35N7N/

During the podcast we talked about how hard it was for Adam to change his investment philosophy, tools for picking winners, distortions in the markets and why young investors gravitate to high risk investing. I hope you enjoy!

0:00 - Introduction
0:26 - Influence for writing the book?
2:50 - How hard was it to change your investment philosophy?
4:00 - Tools to pick the winners
9:30 - Any other mechanisms that are different?
12:20 - Distortions in markets
13:40 - How do we know if “This time is different”?
17:55 - Overcomplicating investing
19:10 - Analysing Macro
21:50 - Buy what you know 
24:00 - Cutting your losses in a trade?
26:10 - Too much emphasis on near term metrics
29:00 - Companies that are continuing to grow despite economy
30:10 - Advice for not FOMOing into investments?
33:40 - Message to takeaway from the book?
34:45 - Younger investors gravitating to high risk investing

Adam Seessel is founder and Chief Investment Officer of Gravity Capital Management, which runs money for both institutions and high-net worth individuals in a long-term, tax-efficient manner.  He began his career at Sanford Bernstein and moved to progressively higher analytical responsibilities at Baron Capital and Davis Selected Advisers, where he ran consumer-products and media research.  He started Gravity in 2003.

Gravity Capital Management manages money in both a partnership and a separate-account format.  It has a long-term record of beating the market after fees, with special focus on capital preservation.  In 2008, for example, the Gravity Long-Biased Fund lost only 5.5% of capital and returned 27% in 2009.

Seessel began his career as an investigative journalist, winning the George Polk Award in 1991 for environmental reporting.  The award is generally considered the 2nd highest honor in American journalism after the Pulitzer Price. He remains active in journalism as an occasional contributor for both Barron’s and Fortune magazines. 

Adam graduated summa cum laude from Dartmouth College in 1985 with a BA in Religion.

Adam Seessel - 

LinkedIn - https://www.linkedin.com/in/adam-seessel-89872911/
Fortune - https://fortune.com/author/adam-seessel/

WTFinance - 

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