The Security Analysis Podcast

Michael Mitchell: Business Adventures

Aug 16, 2023

Former hedge fund partner Michael Mitchell shares his experience meeting billionaire Michael Price, discussing complexity in investment strategies, lessons from the dot com bubble collapse, and the parallels between historical market events. He also explores the business of selling jewelry, lessons learned from a challenging business venture, the state of the lumber industry, and the influence of the housing construction industry on lumber prices.

01:08:19

Creator website

Episode guests

Michael Mitchell

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Children's Eye Care of Northern Colorado focuses on providing world-class care and a positive patient experience to establish themselves as the go-to provider for pediatric eye care in the region.

The ophthalmology and dermatology fields offer multiple revenue streams, including exams, procedures, product sales, and optical shops, contributing to the practices' overall success and profitability.

The podcast discusses the outlook for the lumber industry, highlighting the increased demand for lumber in single-family housing construction and the potential for efficiency improvements in mill assets in Ontario.

Deep dives

Patient experience and world-class care as primary goals

Children's Eye Care of Northern Colorado focuses on providing world-class care and a wonderful patient experience. They aim to offer top-notch healthcare services and ensure that every patient has a positive and memorable experience. They prioritize personalized care, taking the time to understand individual needs and provide excellent service. Their goal is to have satisfied patients who feel well-cared for and comfortable throughout their visit.

Introduction

2min

Meeting Michael Price and Securing an Internship

6min

Complexity, Parlay Bets, and Lessons from the Dot Com Bubble Collapse

2min

Lessons from Business and Investing

13min

The Business of Selling Jewelry

3min

Lessons Learned from a Challenging Business Venture

27min

The State of the Lumber Industry and Opportunities in the Market

11min

Housing Starts, Hedge Fund Industry, and Choosing the Right Partners

4min

Michael Mitchell is a former hedge fund partner with over 15 years of public markets investing experience.

He worked with special situations, activism, and event driven long/short trades.

He retired from the hedge fund world in 2019 and shares investment thoughts and ideas on Twitter under his handle, @ignorenarrative.

Currently, he runs Children’s Eye Care of Northern Colorado with his wife, an ophthalmologist. He also serves on a number of corporate boards and is a father of three.

Links

* Michael Mitchell’s Twitter feed - https://twitter.com/ignorenarrative

* Children’s eye care of Northern Colorado -

https://childrensnoco.com/

Disclaimer

Nothing on this podcast is investment advice.The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products. Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.

Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor’s own objectives, experience, and resources.

The information contained in this podcast & show notes is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.

Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This podcast, the host, and the guest do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This host & guest accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this content.

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

The Security Analysis Podcast

Michael Mitchell: Business Adventures

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Patient experience and world-class care as primary goals

Different revenue streams in ophthalmology and dermatology

Importance of patient satisfaction and high-quality care

Building sustainable competitive advantage

The economics of ophthalmology and healthcare

The outlook for lumber and Green First Forest products

Remember Everything You Learn from Podcasts