The Security Analysis Podcast

Ethan Tucker works in commercial real estate and runs a family investment office in Baltimore. He blogs at thegarpinvestor.com. His focus is on high quality companies.Links:* The GARP Investor blog: https://thegarpinvestor.com/* Ethan’s Twitter feed: https://twitter.com/thegarpinvestorDisclaimerNothing 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

Edwin Dorsey started the Bear Cave substack account in 2020 when he was still in college at Stanford. The Bear Cave features excellent analysis of potential short candidates. Edwin performs deep dives into troubled companies. His work has resulted in his site becoming wildly popular, with over 50,000 subscribers and is frequently featured on Bloomberg business alerts. I’m a long only investor, but I frequently take a look at Edwin’s website to see if he’s tagged anything I’m considering going long with.Links* The Bear Cave substack: DisclaimerNothing on this substack is investment advice.The information in this article 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 article 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 article and its author do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This author 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 website. 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

Hunter is an anonymous financial writer who writes the Lewis Enterprises substack. By day, he is an investment professional who focuses on real assets, private equity, and other alternative investments. He is very active on Twitter and his substack. On his substack, he chronicles his views about alternative investments and the increasing financialization of the American economy.Links* Hunter’s Twitter feed: https://twitter.com/rhunterh/* Hunter’s substack: DisclaimerNothing 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

Eric Balchunas is the Senior ETF analyst at Bloomberg, where he extensively chronicles the ETF revolution. You’ll frequently see him on Bloomberg talking about the latest ETF news. He’s the host of the Trillions podcast, which has a focus on ETFs.Eric is the author of an amazing book, the Bogle Effect, which chronicles the story of Jack Bogle, the growth of passive low-cost investing and ETFs, and how this legacy continues to impact investors.Links* Eric Balchunas commentary at Bloomberg - https://www.bloomberg.com/authors/ADUgYkp2OlE/eric-balchunas* The Trillions Podcast - https://www.bloomberg.com/podcasts/series/trillions* The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions - https://www.amazon.com/Bogle-Effect-Vanguard-Investors-Trillions-ebook/dp/B09B8XYXRLDisclaimerNothing 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

Jeremy Schwartz, Global Chief Investment Officer of Wisdomtree, discusses various interesting topics including his collaboration with Jeremy Segal on 'Stocks for the Long Run', analyzing the long-term returns of S&P 500 companies, comparing total shareholder yield to dividend yield and the impact of buybacks, the link between stock market returns and PE ratio, stocks and bonds correlation, and opportunities in stocks, high yield bonds, and the Japanese market.

Ryan Kirlin, President of Alpha Architect and expert in ETFs, talks about the revolutionary nature of ETFs and their advantages. He discusses the costs and challenges of launching an ETF and explores factor investing, particularly focusing on the value factor. The podcast also analyzes valuation metrics, highlights the unpredictability of investments, and discusses momentum investing and the 'frog in the pan' strategy.

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.

Jack Burns is a graduate of the US Naval Academy and served seven years as an officer in the Marines. He left active duty in 2021 and pursued an MBA at Georgetown. He has a very interesting substack where he posts about financial topics that interest him.He also assembled a very fascinating version of an all-weather portfolio. His allocations include advanced strategies such as managed futures, leverage, and trend following.* Twitter feed: https://twitter.com/jack_burns25* His substack: DisclaimerNothing 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

Geoff is a wealth manager who has spent decades in the financial industry in various capacities, seeing the good, the bad, and the ugly. I recently read his book, Low Risk Rules, which is a manifesto outlining his approach.The book is geared to entrepreneurs investing significant sums of money, family offices, and investment professionals. High level, Geoff thinks that these folks make investing too complex, preferring odd, elaborate, and expensive schemes over liquid, low risk companies. He is very much a believer in buying high quality businesses and holding for the long haul.Links* Geoff Saab’s website. https://geoffsaab.com/* Low Risk Rules, the book outlining Geoff's investment philosophy. https://www.amazon.com/Low-Risk-Rules-Preservation-Manifesto-ebook/dp/B0B2FJKZZ7DisclaimerNothing 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

Scott Reardon is a value investor who runs Dakota Value Funds. They fund operates both a deep value quantitative strategy and a fundamental strategy focusing on buying high quality businesses at strong valuations. Additionally, Scott is a bestselling novelist who wrote the Dark Continent thriller series and Bonfire of the Beast.In this conversation, we talk about the nuances and limitations of quantitative vs. fundamental approaches to value investing. We also discuss Scott’s study of great value investors and his literary career.Links:* Scott’s novels: https://www.amazon.com/stores/Scott-Reardon/author/B01N388V6J* The Dakota Value Funds: https://www.dakotavalue.com/DisclaimerNothing 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