The Intrinsic Value Podcast - The Investor’s Podcast Network

Kyle Grieve chats with Tobias Carlisle about the key findings from his book on value and concentrated investing, the power of mean reversion and its role in providing value in undervalued stocks, conclusions from academic research on concentration and diversification, the role of courage in investing, some excellent points on concentration from investing legends like Warren Buffett and John Maynard Keynes, and a whole lot more!IN THIS EPISODE, YOU’LL LEARN00:00 - Intro02:57 - What qualitative investors can take away from Quants.03:13 - Why long-term survivability is underweighted in investing.29:02 - The importance of being a contrarian with a calculator attached to you.46:52 - How to control your ego in investing.54:32 - What the data says about low-quality business in terms of long-term returns.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Read Tobias’s blog here. Listen to Tobias’s podcast here. Buy a copy of The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market here. Buy a copy of Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors here. Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations here. Related Episode: Listen to TIP586: Mastermind Q4 2023 w/ Tobias Carlisle and Hari Ramachandra or watch the video. Related Episode: Listen to MI280: Deep Value Investing in 2023 w/ Tobias Carlisle or watch the video. Check out all the books mentioned and discussed in our podcasts here. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORSSupport our free podcast by supporting our sponsors: ⁠CFI Education⁠ ⁠Airbnb⁠ Connect with Kyle: Twitter | LinkedIn | WebsiteConnect with Tobias: Twitter | LinkedIn | Website Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Kevin Carter, an expert in emerging and frontier markets, discusses getting started investing internationally, lessons from shorting Amazon, and the importance of investing in the emerging market consumer sector. He also highlights concerns about fraud and accounting standards in China.

Chris Mayer, an expert in serial acquirers, discusses the qualities that make them compelling investments. Topics include valuation, decentralization, leverage in mergers, scaling serial acquirers, and traits of successful acquirers. He also shares his favorite debt ratios and the importance of aligning incentives between companies. A fascinating exploration of the world of serial acquirers.

Nick King, CEO of Vint, talks about investing in fine wine. They discuss finding mispriced wine assets, wine as an arbitrage opportunity, and entrepreneurial success. They also cover Nick's background in value-based stock funds and how it influenced Vint's creation.

Robert Leonard talks with Kevin Kennedy about the impact of technology, fiscal and monetary policy, options trading, exchanges, cryptocurrency, and the rise of retail investors on the growth of the stock market. They discuss the evolution of stock markets, NASDAQ exchanges, market makers, and the future of capital markets. Kevin shares lessons learned as a trader and gives advice for young investors.

Matthew Peterson, a fund manager in the investment industry, discusses the powerful effects of using post mortems, the benefits of a concentrated portfolio, how to own shares at below-market prices with options, insights into his structured dividend capture system, updates on a recently exited business, and more.

Robert Leonard chats with Adam Mead, CEO of Mead Capital Management, about Warren Buffett, Charlie Munger, and Berkshire Hathaway. Topics include their influence on each other's investing approach, the impact of Benjamin Graham, the relevance of value investing today, misconceptions about Berkshire Hathaway, and the future of the company after Buffett and Munger.

Investment expert and author, Robert Hagstrom, discusses the benefits of reading fiction for investing, best mental models he learned from Bill Miller, understanding complex adaptive systems, using the DCF model according to Buffett and Munger, strategies for using multiple mental models, and interesting data points on concentrated portfolios.

Eric Jorgenson, author of The Almanack of Naval Ravikant and the Anthology of Balaji, discusses key learnings from writing the Almanack, building the future according to Balaji, Balaji's bitcoin bet, and Eric's new role at Scribe media.

Robert Leonard and Chris Naugle discuss the concept of “infinite banking.” They cover what it is, how to use it to get out of debt, who uses it successfully, and how to use it to build wealth. They also touch on the difference between whole life insurance and mutually owned whole life insurance, using life insurance to buy cars, and building wealth with insurance companies.