Value Hive Podcast

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 

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 we chat with Erick Mokaya. Erick is a Ph.D. student at the Stockholm School of Economics, lead author for Transcript, and a life-long learner. He loves studying businesses and finding companies in the Nordic and African markets. Our conversation starts with Erick's inspirational background, working harder than anyone else to get into the best schools. Erick got his work ethic from his mother. There are some great stories in there about her work ethic too.  From there, we dive into the opportunity set in Nordic countries, discuss the importance of Africa as the next investment frontier, and end with a few closing questions.  You can find the time-stamp below:  1:05 - Intro Questions & Why Erick Works So Hard 6:05 - From Kenya to Sweden 11:33 - Ted Lasso & Warren Buffett 17:25 - Working At Colossus 19:01 - Learning The Power of Inactivity 26:23 - Investing in Nordic Markets 37:26 - Where To Find Value in Nordic Markets 46:10 - Why You Need To Care About Africa 54:01 - Jumia (JMIA) 61:01 - Africa: The Fast-Growing Continent 64:09 - Closing Questions If you like what you heard and want to learn more about Erick, check out these links:  Erick's Twitter Erick's Website

This week we chat with Rihard Jarc, SaaS founder and author of the Uncover Alpha SubStack newsletter. Rihard has spent his life analyzing, investing, and creating software-based businesses. If you go by his Twitter bio, he's a growth investor, ex-portfolio manager, and CEO of TyplessAPI. Rihard's background makes him the perfect investor to dive deep into the Pinterest (PINS) bull thesis. PINS is one of Rihard's largest holdings and one he started buying for around $20. Our conversation dives deep into Rihard's bull pitch, the future of AR-based realities, and why PINS is just getting started with monetizing its audience. We also spend the early part of our conversation on Rihard's background before investing and what he thinks is his market edge over competitors. Here's the time-stamp: [0:00] Who is Rihard Jarc? [3:00] Rihard’s Start-Ups. [17:30] Qualities of a Fantastic Technology Business. [24:40] Major Red Flags of a Technology Company. [35:00] Assessing Early Customer Base in Businesses. [39:00] Pinterest [43:00] Pinterest’s Demographics, Behavior, and Growth [50:00] The Pinterest Experience [1:02:00] Pinterest Comparables [1:08:00] Augmented Reality [1:12:00] Pinterest’s ARPU [1:16:00] Valuing Pinterest [1:23:00] Pinterest Risks [1:27:00] Rihard Jarc's Watchlist [1:32:00] Closing Questions If you liked our conversation and want to learn more about Rihard Jarc, check out these links: Rihard's Twitter Uncover Alpha Newsletter 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.

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 Tiho Brkan. Tiho is a private investor managing a family office. Tiho provides HNWIs & Family Offices with attractive deal flow from Real Estate (Rehab, Developments, Distressed) & Stock market (Indexes & Sectors) asset buckets. I'm stoked to bring you this conversation. Tiho is an incredible investor, thinker, and genuinely great human being. Listening to him talk you can feel the excitement he has for his craft. He's a devout student of history, which you'll learn as you listen. Our conversation runs the gambit and includes: How to find deals Lessons from the family business What it means to invest globally Why you should travel if you want to invest around the world The power of studying history Finding asymmetric and uncorrelated ideas And more! Here's the time-stamp: [4:10] Tiho's Early Life And Background [19:17] Asia's Exploding Middle Class [35:01] Tremendous Opportunity In Europe [51:02] Investment Idea: Litigation Finance [75:05] High Valuations & High Returns ... For How Long [93:42] 50%+ Returns in Luxury Real Estate [111:18] You Can Be Bearish & Long [116:13] Closing Questions If you enjoyed our conversation please leaving a rating and review! It helps spread the word about our podcast and helps us make it better.

This episode 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. Alex Barrow is the Co-Founder and Cheif Market Strategist at Macro-Ops.com. Alex joined the US Marine Corps on his 18th birthday just one month after the 9/11 terrorist attacks. He subsequently spent a decade in the military. Serving in various capacities from scout sniper to interrogator and counterintelligence specialist. Following his military service, he worked as a contract intelligence professional for a number of US agencies (from the DIA to FBI) with a focus on counterintelligence and terrorist financing. He also spent time consulting for a tech company that specialized in building analytic software for finance and intelligence analysis. After leaving the field of intelligence he went to work at a global macro hedge fund. He's been professionally involved in markets since 2005, has consulted with a number of the leading names in the hedge fund space, and now manages his own family office while running Macro Ops. He's published over 300 white papers on complex financial and macroeconomic topics, writes regularly about investment/market trends, and frequently speaks at conferences on trading and investing. This conversation spanned EVERYTHING from Alex's time at the Marines to his days as a bodyguard for Brittney Spears. We even managed to fit in some market discussions and our 2020 Macro Ops Portfolio Performance.  Here's the time-stamp:  [5:34] Cold Calling Jack Schwager [14:32] Working at Bridgewater [23:13] How Alex Became A Bodyguard For A Gem Dealer [33:13] Lessons Learned From Losing $100K+  [47:58] Transparency in The Newsletter Business [57:56] When Does Cloning Go Too Far?  [67:13] Alex's Biggest Errors of 2020 [78:56] Aligning Micro With Macro [80:04] What We Did Right & Wrong in The Portfolio [86:26] Closing Questions If you like what you heard, check us out over at Macro-Ops.com. And make sure to follow Alex on Twitter @MacroOps

This episode 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. Yaron Naymark is the founder and portfolio manager of 1 Main Capital. On his website, Yaron "makes concentrated investments in high-quality reasonably valued businesses with long reinvestment runways and in special situations that are experiencing a temporary dislocation or undergoing an element of change that will cause investors to revalue an investment in the near term." This week we dive deep into a few specific companies:  KKR RCI Hospitality (RICK)  Mastercraft (MCFT) Malibu Boating (MBUU)  We also discuss the two latest minority shareholder sagas penetrating the FinTwit universe:  Collectors Universe (CLCT) Enlabs, Inc. (NLAB) I also enjoyed our conversation on position sizing, risk management, and how to analyze errors of omission. Then we ended the podcast dreaming about having dinner with the one and only, Bill Gates.  Here's the time-stamp:  1:09 - Yaron’s Background 11:18 - Selling Too Early: Xpel, Inc. 27:07 - Robinhood/FinTwit Traders 37:43 - CLCT & NLAB Buyout Hysteria 51:42 - The RCI Bull Thesis 62: 51 - The Future of RICK 74:35 - Water Sports (MBUU, MCFT) 81:33 - COVID & Boating Thesis 86:37 - KKR Bull Thesis 98:19 - Closing Questions If you like Yaron's philosophy on investing and want to learn more, you can find more information here:  Yaron's Twitter 1 Main Capital Website

This episode 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. Lawrence Hamtil is a sixteen-year veteran of the financial services industry, having served clients in all aspects of the business during his career, which started in 2002. In 2005, he joined Dennis Wallace of Fortune Financial Services, LLC, becoming, at the time, one of Multi-Financial Securities, Inc’s youngest registered representatives. We spend our time discussing six industries ESG investors love to hate: tobacco, railroads, defense, waste disposal, airports and specialty chemicals. We also chat about virtue signaling, brand building, and weightlifting.  If you like what you hear, please give Lawrence a follow on Twitter @lhamtil.  Here's the time-stamp:  [0:00] Intro questions [12:35] Quality Tilt To Moat Businesses [21:22] Six Types of Durable Moat Industries [28:46] International Investing Approach [40:14] Railroads [49:11] Ark Invest's Bad Ideas Report [51:53] Get Rich Slowly  [64:09] Craft Breweries & Brand Disruption [75:32] Barbell Portfolio [81:18] Bitcoin & Speculative Investments