Value Hive Podcast

This week I chat with Kyler Hasson, investment manager and founder of ConcentratedCapital.com. Kyler loves buying great businesses that can compound invested capital over long periods of time. In other words, he's a Compounder Bro. Kyler didn't follow the "normal" investor path, if there is one.  He started dabbling in investing at age 18 and was immediately hooked on quality investing. Hasson skipped much of the cigar-butt stage and instead spent his time learning about the best businesses possible, and trying to hold them for long periods of time.  Our conversation covered a wide breadth of topics, including:  Competitive advantages and churn rates in banking Quality and Valuation  Portfolio Allocation Psychology of managing other people's money  And more! Here is the show time-stamp:  1:00 - Intro 9:11 - TransDigm $TDG 20:44 - Portfolio Construction  28:05 - Underwriting Returns 36:59 - Banking and Competitive Advantages 43:04 - Holding Only The Best Ideas 49:58 - Managing Other People's Money  58:24 - When To Give People Their Money Back 65:51 - Where Kyler's Finding Ideas  75:06 - Closing Questions If you want to learn more about Kyler, check out these resources:  Concentrated Compounding Website Twitter

Kelvin Seetoh (aka @SlingshotCap on Twitter) joins the Hive this week to chat about all things emerging moats, $ORGS, and the importance of staying young in investing.  I recorded this episode at 9:00 PM my time (EST), so big thanks to Kelvin for showing up with his A-game at 9 AM sharp Singapore time! If you like what you heard from Kelvin, make sure to follow him on Twitter @SlingShotCap.  The Value Hive Podcast is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They're constantly releasing new updates that make the platform better, including a new Business Owner Mode that hides share count, market cap, and enterprise value. I couldn't be more excited to partner with TIKR. We're also excited to announce our newest sponsor, Eight Sleep! Eight Sleep makes products that improve your sleep through personalized temperature, smarter data, and patented technology. There is truly nothing like Eight Sleep on the market. With Eight Sleep, you can see exactly how well you sleep, how often you toss and turn, resting/variable heart rate, and more! The technology is unlike anything you've seen from a mattress company. Try an Eight Sleep mattress yourself! Use the code HIVE to get $100 off your mattress purchase!

This week we chat with Rob Mahan. Rob's a part-time investor and founder of DeepValueInvestments.wordpress.com. Rob's blog is dedicated to finding massively discounted stocks from every part of the world. His findings take him through Eastern Europe, Asia, and all across the market cap spectrum.  Rob is a traditional deep value investor. He seeks businesses trading <6x earnings with double digit yields. To him, anything over 10x earnings is expensive. So far his strategy has worked. Since 2008, Rob has generated a 20% CAGR, crushing any All World Index.  We spent an hour discussing:  How Rob started investing Rob's current investment strategy  Where he finds ideas How Rob screens for companies War stories from investing in emerging markets Investing in Chinese banana company frauds Searching the world for deep value If you like what you heard, give Rob a follow @DeepValueInvestments. Make sure to subscribe to his website DeepValueInvestments.wordpress.com. The Value Hive Podcast is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They're constantly releasing new updates that make the platform better, including a new Business Owner Mode that hides share count, market cap, and enterprise value. I couldn't be more excited to partner with TIKR. We're also excited to announce our newest sponsor, Eight Sleep! Eight Sleep makes products that improve your sleep through personalized temperature, smarter data, and patented technology. There is truly nothing like Eight Sleep on the market. With Eight Sleep, you can see exactly how well you sleep, how often you toss and turn, resting/variable heart rate, and more! The technology is unlike anything you've seen from a mattress company. Try an Eight Sleep mattress yourself! Use the code HIVE to get $100 off your mattress purchase!

This week we're stoked to bring you our conversation with Jason Greenwald. Jason is a full-time investor allocating capital between private real estate and public markets. On the real estate side, Jason buys all his properties in foreclosure auctions. In public equities, he wants to buy great businesses at great prices.  Jason's real estate experience biases him towards a long-term public equity mindset. He'll gladly buy and hold investments as long as the thesis is working and his returns are as good or better than his real estate holdings.  We covered a whole host of topics, including:  The power of luck Stories from the live auctions Staying patient when others are greedy  Buying at the right price Knowing when your ego is getting in the way  And more!  This was my first free-form podcast format and I loved it. Please let me know what you think with a rating and review. Do you want to see more free-form styles? If so, let me know! Make sure to follow Jason @JGreenwald86 The Value Hive Podcast is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They're constantly releasing new updates that make the platform better, including a new Business Owner Mode that hides share count, market cap, and enterprise value. I couldn't be more excited to partner with TIKR. We're also excited to announce our newest sponsor, Eight Sleep! Eight Sleep makes products that improve your sleep through personalized temperature, smarter data, and patented technology. There is truly nothing like Eight Sleep on the market. With Eight Sleep, you can see exactly how well you sleep, how often you toss and turn, resting/variable heart rate, and more! The technology is unlike anything you've seen from a mattress company. Try an Eight Sleep mattress yourself! Use the code HIVE to get $100 off your mattress purchase!

Ben Gordon, founder and head portfolio manager at Blue Grotto Capital, shares his journey from analyst to managing his own hedge fund. He discusses his unique research methodologies, emphasizing historical regressions and the resilience of specific business models. Gordon reveals insights on successful investments in Spectrum Brands and Cedar Fair, while also highlighting the challenges of shorting stocks—a 'dark art.' He reflects on lessons learned from past investment missteps, particularly in the fashion industry, underscoring the need for adaptability in fluctuating markets.

In this week’s episode, we had a conversation with Nik Lentz a former UFC fighter with a 30-12 fighting record that has a passion for trading. He is arguably one of the most unique guests of the show. During our conversation, Nik shared why he became a UFC fighter and what it's like to be a UFC fighter, how he got into trading options and derivatives, and of course, tells us about the parallels that exist between fighting and trading. [0:00] Nik’s Fighting Journey. [3:00] How Nik Became A UFC Fighter [20:00] From Fighting to Trading [40:00] Nik’s Trading Strategy [55:00] Nik’s View on Shorting Stocks [1:00:00] Wall street Bets and Breaking Points  [1:13:00] Best Part of the UFC   [1:19:00] Closing Questions If you liked the conversation and want to learn more about Nik Lentz, follow him on Twitter @NikLentz The Value Hive Podcast is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They're constantly releasing new updates that make the platform better, including a new Business Owner Mode that hides share count, market cap, and enterprise value. I couldn't be more excited to partner with TIKR. We're also excited to announce our newest sponsor, Eight Sleep! Eight Sleep makes products that improve your sleep through personalized temperature, smarter data, and patented technology. There is truly nothing like Eight Sleep on the market. With Eight Sleep, you can see exactly how well you sleep, how often you toss and turn, resting/variable heart rate, and more! The technology is unlike anything you've seen from a mattress company. Try an Eight Sleep mattress yourself! Use the code HIVE to get $100 off your mattress purchase!

The Value Hive Podcast is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They're constantly releasing new updates that make the platform better, including a new Business Owner Mode that hides share count, market cap, and enterprise value. I couldn't be more excited to partner with TIKR. We're also excited to announce our newest sponsor, Eight Sleep! Eight Sleep makes products that improve your sleep through personalized temperature, smarter data, and patented technology. There is truly nothing like Eight Sleep on the market. With Eight Sleep, you can see exactly how well you sleep, how often you toss and turn, resting/variable heart rate, and more! The technology is unlike anything you've seen from a mattress company. Try an Eight Sleep mattress yourself! Use the code HIVE to get $100 off your mattress purchase! Alright, now onto this week's show! Tyler Kirkpatrick runs the Canadian Value Stocks Blog. He is a production manager at a waste container company that has achieved a 19.19% annualized return from 2016 to 2020, which outperforms the S&P 500 by 53%. In this week’s episode, we get to know him, why he invests in Canada, his best investment yet, his two highest conviction bets, and what other companies he has his eye on. Tyler’s success shows that value investing is alive and well in Canada! [0:00] Who is Tyler Patrick? [8:30] Why invest in Canada?  [16:00] Integrated Asset Management [25:00] Outsiders CEOs [33:00] Dream Unlimited (DRM) Bull Thesis [53:00] AutoCanada (ACQ) Bull Thesis [1:08:00] Tyler’s Watchlist [1:15:00] Closing Questions If you like what you heard and want to learn more about Tyler, check out these links:  Tyler's Twitter Canadian Value Stock Blog

The Value Hive Podcast is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They're constantly releasing new updates that make the platform better including a new Business Owner Mode that hides share count, market cap, and enterprise value. I couldn't be more excited to partner with TIKR. This week I chat with Matteo Franceschetti, founder and CEO of Eight Sleep. Eight Sleep is revolutionizing the way we think about sleep, performance, and health. Matteo's company reminds me of Netflix, Roku and Peloton wrapped in one. Matteo's journey to founding Eight Sleep is a winding (and exciting) venture. He spent time playing tennis, racing cars, and building start-ups before launching Eight Sleep in his garage.  During our conversation, Matteo shares his stories of the early days at Eight Sleep, how he thinks about product iteration, and why data is so important in the age of sleep performance. I hope you notice how Matteo thinks about sleep and how he's constantly framing sleep from something passive we do to an active part of our overall health.  Here's the time-stamp:  [1:04] Matteo’s Favorite Tennis Player [5:35] The Start of Eight Sleep [12:43] Developing A Better Mattress [19:20] Why Framing Matters [24:41] The Place To Go About Sleep [33:17] Matteo’s Time As A Race Car Driver [38:08] Brand Awareness [41:54] Closing Questions If you like what you heard and want to learn more, follow Matteo here:  Matteo's Twitter Eight Sleep Website

The Value Hive Podcast is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They're constantly releasing new updates that make the platform better including a new Business Owner Mode that hides share count, market cap, and enterprise value. I couldn't be more excited to partner with TIKR. This week I chat with Edwin Dorsey, founder, and author of The Bear Cave. The Bear Cave is a short-focused newsletter dedicated to finding interesting companies doing sketchy things. Edwin began his obsession with the stock market in the second grade. As we discuss in the podcast, Edwin was born to be a short seller.  Our chat covers a few key topics around short-selling, including:  What Makes A Great Short Idea (Hint: it's not "astronomical valuation") The Importance of Shorting in Capital Markets ETF Mechanics & The Impact of Front-Running Redemptions The bulk of the podcast focuses on the current ARK ETF dynamics and the potential of a severe redemption event. Edwin does a fantastic job describing the inner mechanics of ETFs and why the same "rails" that drove ARK up the AUM ladder could bring them down in the blink of an eye.  Here's the timestamp:  [1:20] Is A Short Seller Born or Made?  [4:10] What Makes A Great Short Idea?  [8:00] Root Insurance $ROOT [17:05] Interning at SEC Enforcement Division [20:23] ARK Enters The Bear Cave [35:12] What Makes 2021 Different Than The 2020 Flash Crash?  [44:57] Vuzix Corp $VUZI [58:04] Future of Bear Cave Newsletter [61:00] Closing Questions If you like what you heard and you want to learn more about Edwin, check out these resources:  Bear Cave Newsletter Edwin Dorsey Twitter

The Value Hive Podcast is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They're constantly releasing new updates that make the platform better including a new Business Owner Mode that hides share count, market cap, and enterprise value. I couldn't be more excited to partner with TIKR. In this week’s episode, we give you our conversation with Kristen LaFrance. Kristen LaFrance is the host of Shopify's Resilient Retail series. Prior to joining the Shopify team, she hosted two eCommerce podcasts: Playing for Keeps and eComm Noms. As the official mayor of DTC Twitter, Kristen is an expert on omnichannel customer retention and helping online and offline brands connect with customers, craft remarkable experiences, & build resilience for long-term success. During our chat, Kristen discusses the transformation that the retail industry had to endure in a global and local level during 2020.  She also helps us identify the actual value that is created by retail companies by bringing and explaining a plethora of examples such as Chewy, Casper, Battlbox, and more.  Here's the timestamp:  [0:00] WTF is Clubhouse? [3:00] Who is Kristen LaFrance? [12:00] Working at Shopify [18:30] Resilient Retail: Season 2 [22:00] Retail: Before, During and After COVID [29:30] Best Practices of Customer Retention  [45:00] How to Identify a Community at an Early Stage? [57:00] Status as a Service. [1:01:20] Does NPS Cover Everything? [1:08:00] Perceived Value vs Actual Value  [1:13:00] Closing Questions If you like what you heard and want to learn more about Kristen, check out these links:  Kristen's Twitter Kristen's Blog