Cliff Sosin

In this engaging conversation, Cliff Sosin, founder of CAS Investment Partners, shares his unique investment journey from engineering to hedge funds. He dives deep into his substantial investment in Carvana, detailing its market cap rollercoaster from $60 billion to a 99% drop, and back towards $50 billion. The discussion offers insightful reflections on investing with intention, the complexities of logistics in Carvana’s operations, and the evolving role of AI in investment strategies. Cliff's experience sheds light on the delicate balance between concentration and diversification in today's market.

Cliff Sosin of CAS Investment Partners, known for his focused long-term investment style, returns for a compelling discussion. He delves into Carvana's distinctive lending model and the intricacies of subprime finance, revealing misconceptions and opportunities in this sector. The conversation also highlights the impact of alternative data on investment decisions and explores Carvana's operational resilience amidst market challenges. Additionally, Cliff tackles the future of used cars in the age of self-driving technology, making a case for why the traditional ownership model might endure.

Cliff Sosin, founder of CAS Investment Partners, provides a fascinating look at Cardlytics, an innovative ad platform that merges advertising with banking data. He discusses how Cardlytics harnesses consumer spending habits to deliver targeted promotions, setting it apart from traditional advertising methods. Sosin shares insights on the platform's challenges in scaling, management dynamics, and its growth potential, while emphasizing the critical importance of data infrastructure and building trust with advertisers in a competitive landscape.