Value Hive Podcast

This is a replay of my December 2024 conversation with Will Thomson, portfolio manager and founder of Massif Capital. Will Thomson joins the show (for the second time) to discuss the copper market and pitch Zambia as a potential investment jurisdiction. NOTHING YOU HEAR IS INVESTMENT ADVICE. DO YOUR OWN RESEARCH. THIS IS EDUCATION. ANY STOCK YOU HEAR MAY OR MAY NOT BE OWNED BY THE GUEST OR HOST. Finally, a big thanks to our sponsors for making this episode happen.MitimcoThis episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created ⁠⁠⁠⁠emergingmanagers.org⁠⁠⁠⁠, a website for emerging manager stockpickers.I highly recommend the site for those looking to start a stock-picking fund or just learning about how others have done it. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers, and more!TIKRTIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at ⁠⁠⁠⁠TIKR.com/hive⁠⁠⁠⁠.

Anyone that's followed CLPT or QURE has probably listened to Peter Mantas of Logos LP. If you haven't ... what are you doing? And do you even like getting smarter? Peter is unequivocally one of the smartest people I know. He knows the biotech industry better than anyone I've met, and you can hear it in our conversations. This week, we discuss the CLPT and QURE inflection moment this week. We hypothesize about left-tail removing events, and what it means for both companies. DISC: I OWN A POSITION IN CLPT AS OF THIS PODCAST. I AM BIASED. NOTHING IS ADVICE. DYODD PLEASE. Finally, a big thanks to our sponsors for making this episode happen.MitimcoThis episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created ⁠⁠⁠⁠emergingmanagers.org⁠⁠⁠⁠, a website for emerging manager stockpickers.I highly recommend the site for those looking to start a stock-picking fund or just learning about how others have done it. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers, and more!TIKRTIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at ⁠⁠⁠⁠TIKR.com/hive⁠⁠⁠⁠.

Please enjoy this replay of my 2024 conversation with Jason Jessup, CEO of Magna Mining $NICU. Jason Jessup is the CEO/founder of Magna Mining $NICU. NICU is a junior copper, nickel, PGMs, and PM developer and producer in Sudbury, Canada.I'll keep it simple. I think Jason is building the next multi-billion dollar mining company.He's got everything in place ... the team, the assets, the opportunity. And I think he's the man for the job.Give this podcast a listen and let me know what you think.DISCLOSURE: NICU IS MY SECOND LARGEST PERSONAL HOLDING BY FAR. I AM BIASED. PLEASE DO YOUR OWN DUE DILIGENCE. THIS IS MINING, EVERYTHING CAN AND WILL GO WRONG. NOTHING IS ADVICE.Finally, a big thanks to our sponsors for making this episode happen.MitimcoThis episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created ⁠⁠⁠⁠emergingmanagers.org⁠⁠⁠⁠, a website for emerging manager stockpickers.I highly recommend the site for those looking to start a stock-picking fund or just learning about how others have done it. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers, and more!TIKRTIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at ⁠⁠⁠⁠TIKR.com/hive⁠⁠⁠⁠.

Andrei Stetsenko, partner at Farley Capital and expert on India's equity market, shares insights from his extensive experiences in India's investment landscape. He discusses unique strategies for investing in undervalued micro-cap stocks, emphasizing due diligence and the potential for high returns. Andrei also touches on the challenges of navigating corporate governance and the dark side of Indian business practices. He highlights significant sectors like energy and defense, showcasing the evolution and opportunities within India's economy.

Listeners explore the latest insights from three investment firms as Greystone Capital reviews its strong Q2 performance, highlighting key holdings like NRP and Kits Eyecare. Springview Capital shares its focus on founder-led businesses, featuring Robinhood's turnaround and highlights from its robust portfolio. Praetorian Capital reflects on a strategy reboot, emphasizing patience and a return to instinctive trading. Engaging discussions on growth potential and market strategies make for an insightful dive into investment philosophies.

Otavio Costa, a portfolio manager at Crescat Capital, shares his insights on the precious metals sector. He discusses the rising demand for gold and silver, emphasizing the importance of CAPEX in the industry. Otavio contrasts gold's historical significance with contemporary economic challenges, urging investors to rethink asset allocations. He also delves into the inflation super cycle and its impact on mining costs, highlighting the importance of selecting quality management teams and exploring junior explorers in this evolving market.

Kristoffer Lindstrom, founder and analyst at LIND Research, brings his expertise in active value investing to the conversation. He delves into the investment potential of Physitrack, emphasizing its life care division and uncovering hidden value amidst challenges. Lundstrom shares his unique journey from bank teller to investor, highlighting strategies for evaluating micro-cap investments. He discusses the importance of transparency in financial reporting and navigates the vibrant Nordic investment culture, providing insightful perspectives on both opportunities and challenges in the market.

Oliver Friesen, the geologist and CEO of Guardian Metals, dives into the world of tungsten, a critical mineral vital for U.S. national security and supply chains. He discusses tungsten’s unique properties, such as its extreme density and high melting point, making it essential for defense applications. Friesen also outlines Guardian's strategies for developing the largest undeveloped tungsten deposit in the U.S. and emphasizes the importance of domestic mining capabilities amidst geopolitical challenges. He engages with industry dynamics and future investment potential.

The latest discussion dives into Laughing Water Capital's insightful investment strategies amid market volatility. Clarus Corp and Secure Waste Infrastructure steal the spotlight as undervalued stars worth attention. The team analyzes market recovery and the strategic shift towards AI and European stimulus investments. Recent trading activities reveal success stories while navigating challenges faced by companies like McBride. Financial insights spotlight CBL Properties' growth tactics and ContextLogic's smart cash utilization for future acquisitions.

Delve into the remarkable performance of investment firms in Q2 2025, especially the impactful strategies of Rowan Street Capital. Discover the resounding success of funds with a 20% increase in early 2025 and gain insights into firm strategies from Meta and Spotify. Learn how to navigate market dislocations by investing in strong companies, even amidst volatility. Reassess investment strategies influenced by mergers, and explore Torrid's unique growth strategy that holds potential for significant stock value appreciation.