Value Hive Podcast

Clifford Sosin runs CAS Investment Partners. The fund is a value oriented partnership focusing on investing in great businesses at discounted prices to their future value.  Cliff discusses his early days at UBS, the genius of the bankruptcy system, how he finds ideas and mental models. Cliff also reveals how to fix the banking system as we know it.  The conversation covers a wide array of topics and was one of our longer episodes. I hope you find Cliff's insights as interesting as I did.  Make sure you follow him on Twitter @CliffordSosin Also, if you're interested in his co-authored white-paper on global banking, check it out here. 

Maj Soueidan is Co-Founder of GeoInvesting.com. GeoInvesting navigates investment risk by interviewing company management, dissecting conference calls, interacting with our wide network of investors and scouring financial documents for hidden clues. GeoInvesting provides quick, concise and efficient research instead of hundreds of pages of financial jargon. Maj and his team focus on micro cap stocks. If you want to know why, I highly encourage you to read this article.  When they're not looking for Tier-1 micro-caps, Maj and his team investigate potential Chinese frauds listed on US exchanges.  Maj and I chatted about various topics, including:  Maj's background and how he started investing GeoInvesting's 6 Core Principles What makes GeoInvesting different What types of companies Maj profiles on GeoInvesting Why micro-caps are last place for informational edge What the next 12 years might look like for GeoInvesting and more! Make sure to follow Maj on twitter @majgeoinvesting Check out his website if you want to learn more about GeoInvesting: GeoInvesting.com Also, if you like what we're doing, subscribe and leave a rating/comment on Apple Podcasts. It goes a long way in helping spread the word about our podcast. 

Dave Waters, CFA is Alluvial’s managing member. Since launching Alluvial in 2014, Mr. Waters has focused on delivering exceptional results for Alluvial’s investors. Dave also runs OTCAdventures.com.  I first found Dave after reading a write-up from his blog. This led to a Twitter follow, and then frequent, spam-like messaging asking Dave about various OTC stock ideas.  Dave is unique in his investment approach. He searches the darkest, most illiquid corners of the markets in his search for great, obscure companies.  Dave and I cover a lot of ground in this 1 hour 30 minute conversation. Topics include:  Personal background and blog Pitching his fund to prospective LPs Dave's Investment Process Immediate Red Flags in Companies Why Illiquid Stocks?  Weird stories about dark, OTC companies Why Dave's strategy works for smaller accounts The benefits of publishing ideas online and more! If you like what we're doing, hit that subscribe button and leave a review on Apple Podcasts. It goes a long way in helping spread the word about the Value Hive movement.  You can find Dave on Twitter: @alluvialcapital You can also find information on his Fund at his website, alluvialcapital.com Finally, check out his blog, OTCAdventures.com

Andrew Kingston and Shawn Shewchuk, portfolio managers for Gavin Croup, CA, discuss spin-offs, special situations, owner operators, and more. They share their thoughts on what makes a great business, their investment allocation process, and how they incorporate technical analysis. The speakers also talk about managing finances in hockey, their investment philosophy and backgrounds, their unique focus on professional hockey players, and their favorite players and teams. Overall, a fascinating conversation on investing and hockey.

Dr. Andrew Wittman is the founder of the Mental Toughness Training Center, a leadership consultancy specializing in peak performance, team dynamics, resolving conflict in the workplace and is the author of the book, “Ground Zero Leadership: CEO of You” (2016). A Marine Corps infantry combat veteran and former federal agent, he holds a Doctorate of Philosophy in Theology, is a guest lecturer at Clemson University, and co-hosts the radio call-in show, “Get Warrior Tough.” As a leadership and peak-performance expert working across five continents, Andrew has successfully added tens of millions in profit to his clients’ bottom line, through his trade-mark cellular problem-solving methods before becoming a motivational keynote speaker. In this episode, Dr. Wittman discusses mindset, how to improve corporate culture, how to ask better questions and why he's so against positive thinking.  If you want to find out more about Dr. Wittman, check out his website: www.getwarriortough.com   Also find him on Twitter @WarriorToughPhD and email andrew@getwarriortough.com  Make sure to rate us and leave us a review -- it goes a long way. While you're at it. Subscribe to our free, weekly newsletter Value Hive. Value Hive provides curated, value investing content straight to your inbox. For free. Forever. Check it out here!

Joe Boskovich and Brian Laks run Old West Capital Management. The firm describes its investment process as "A focus on people forms the core of Old West's investment process. As a first principle, we believe that the soundest way to protect and grow our capital is by aligning ourselves with management teams who have high stock ownership and smart pay." Joe started the company with his father.  I chat with the guys about their investment approach, capital allocation and the importance of owner-operators. Joe discusses Howard Jonas' collection of assets and capital allocation strategies. We also dive into Old West's investment filtering criteria, and their focus on insider purchasing.  We end the conversation with Brian Laks' bullish case on uranium. Old West opened a separate opportunity-specific fund that's focused exclusively on uranium investments.  If you want to find out more information, here's where to go: - Joe's Twitter: https://twitter.com/boskovic64 - Brian's Twitter: https://twitter.com/brianlaks - Old West website: https://www.oldwestim.com/

In today's episode I chat with Darren Fong. Darren is a portfolio manager at Calgary-based Investment firm Acumen Capital. Since the Fund's inception (March, 11 2016), Darren's outperformed the TSX Small Cap Index by nearly 600bps annually. Darren dives into the nuances of investing in Canadian small-cap companies. Differences in Canadian management teams and how they allocate capital. We then chat about Darren's investment process, how he finds stocks, and what makes his process unique. Finally, Darren breaks down how first-time investors should approach the Canadian markets (it's not all energy companies!) If you want to know more about Darren, check him out on Twitter @dsunfong or his firm's website acumencapital.com While you're at it, make sure to give our podcast a like and a review on whatever medium you're listening on! Also, please subscribe to our newsletter Value Hive. We bring curated, value investing content straight to your inbox. Every week. For free. Here's the link: https://valuehive.safechkout.net/

Thomas Bachrach is Principal of PFH Capital. PFH is a one-man investment fund focused on global, micro-cap investing. Thomas isn't afraid to go where others won't. He scours the corners of the globe to find interesting, off-the-beaten path securities. In this episode, Thomas discusses his investment process, where he's finding value in the global markets, and the importance of going global. He shares stories of his time as an accountant for a large, Egyptian company, as well as war stories from investments gone bad. Finally, we touch on specific markets that are ripe for investment (hint: it's Poland). You can find Thomas on Twitter @pfhcapital and his website, pfhcapital.com

Andrew Walker is co-founder of Rangeley Capital and founder/writer of Yet Another Value Blog.  In this episode, Andrew and I discuss media investments, review his media guide blog posts (here's parts 1, 2 and 3) and highlight specific ways to play the coming un-bundling phenomenon.  Andrew is a media investment savant. This is a must listen for anyone interested in media stocks, sports rights or legacy cable companies. He's also a diehard sports fan. We end up chatting about various sports teams that could use some fresh ownership (Redskins -- I'm looking at you). If you want to know more about Andrew, check out the following links: His twitter: @AndrewRangeley His website: YetAnotherValueBlog.com His fund: Rangeley Capital

This is an all-out spin-off podcast. Brandon chats with Richard Howe, founder of StockSpinoffInvesting.com. Brandon and Richard discuss everything spin-off related. Richard focuses on smaller-cap spin-offs, and goes deep into his research process. The hour-long episode covers current ideas, past ideas, the history behind spin-off investing and what Richard likes going forward. Show-notes: Richard's website: stockspinoffinvesting.com Richard Howe on Twitter: @stockspinoffss (with two 's') Value Hive Newsletter: https://macro-ops.com/value-hive/ Books Mentioned: Tim Ferriss' 4-Hour Work Week, Joel Greenblatt's You Can Be A Stock Market Genius