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.

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ANECDOTE

Michael Mitchell's Start in Investing

Michael Mitchell's interest in investing sparked after meeting Michael Price.
Price's simple approach to valuing businesses inspired Mitchell to pursue a career in finance.

ANECDOTE

Family Influence and Dot-com Experience

Michael Mitchell's father and uncle successfully transitioned from academia to entrepreneurship in the 90's.
Inspired by their success, Mitchell started a dot-com business during the boom, which later failed.

INSIGHT

Speculation and Market Manias

Market manias, like the dot-com bubble and 2021, are rooted in real trends but amplified by speculation.
While some companies will succeed, many others will fail due to overvaluation.

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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.

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