The Business Brew
Bill Brewster
Welcome to The Business Brew
This podcast’s mission is to dig deep into the thought patterns and analysis of investors and business people. The podcast stemmed from Bill Brewster consistently feeling like he was listening to prepackaged material while listening to podcasts. Instead, he wanted long form, in depth, discussions about finance, capital allocation, and the psychology of investing/business.
We are interested in interviewing portfolio managers, Wall Street sell side analysts, buy side analysts, private investors, owner operators, and anyone that is willing to go in depth about running a company/division. So, if you are interested in participating please email us with the subject “Guest Appearance.”
Disclaimer: This podcast is for informational and educational purposes only. Nothing in this podcast is investment advice. All information in this is opinion based, potentially biased, and requires verification.
Bill and his guests make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in these podcasts. Any assumptions, opinions and estimates expressed constitute the participant’s judgment as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions as to market conditions and there can be no guarantee that any projected outcomes will be achieved. This podcast does not accept any liability for any direct, consequential or other loss arising from reliance on the contents of this presentation.
This podcast series DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICIATION OF AN OFFER TO BUY ANY SECURITIES MENTIONED OR DISCUSSED. Seek the your financial, tax, legal, accounting, or other advisor’s advice before making any investment decisions. We are not your fiduciary or advisor.
This podcast’s mission is to dig deep into the thought patterns and analysis of investors and business people. The podcast stemmed from Bill Brewster consistently feeling like he was listening to prepackaged material while listening to podcasts. Instead, he wanted long form, in depth, discussions about finance, capital allocation, and the psychology of investing/business.
We are interested in interviewing portfolio managers, Wall Street sell side analysts, buy side analysts, private investors, owner operators, and anyone that is willing to go in depth about running a company/division. So, if you are interested in participating please email us with the subject “Guest Appearance.”
Disclaimer: This podcast is for informational and educational purposes only. Nothing in this podcast is investment advice. All information in this is opinion based, potentially biased, and requires verification.
Bill and his guests make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in these podcasts. Any assumptions, opinions and estimates expressed constitute the participant’s judgment as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions as to market conditions and there can be no guarantee that any projected outcomes will be achieved. This podcast does not accept any liability for any direct, consequential or other loss arising from reliance on the contents of this presentation.
This podcast series DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICIATION OF AN OFFER TO BUY ANY SECURITIES MENTIONED OR DISCUSSED. Seek the your financial, tax, legal, accounting, or other advisor’s advice before making any investment decisions. We are not your fiduciary or advisor.
Episodes
Mentioned books
8 snips
Sep 25, 2025 • 1h
Dan Rasmussen - Sacred Cow Slayer
Dan Rasmussen, Founder of Verdad Advisors and author of The Humble Investor, brings his sharp insights into private equity risks and investment patience. He critiques current heavy allocations to private equity and discusses how recent market dynamics, including falling distributions, have trapped capital. Dan also dives into the unpredictability of growth and the unique challenges of biotech investing. He emphasizes the importance of balancing quality and valuation, and shares how his firm manages overconfidence and volatility in market strategies.
40 snips
Sep 16, 2025 • 1h 31min
David Gardner - Mastering the Art of Long Term Investing
David Gardner, co-founder of The Motley Fool and author of 'Rule Breaker Investing', shares insights on long-term investing. He emphasizes the importance of patience and a long-term mindset, especially during market volatility. Gardner discusses strategic concentration in strong investments and the significance of understanding a company's brand and leadership. He also highlights the role of AI in enhancing investment strategies, urging investors to align their portfolios with personal values while focusing on sustainable growth opportunities.
20 snips
Sep 12, 2025 • 1h 28min
Braden Dennis - Beyond Bloomberg: Competing in the AI Era of Finance
Braden Dennis, co-founder of Fiscal.ai and former Stratosphere.io innovator, dives into his entrepreneurial journey. He shares insights on building a financial platform that democratizes access to data and integrates AI. The discussion highlights customer acquisition challenges and competition with giants like FactSet. Braden reflects on investment strategies and the importance of clear KPIs in finance. He also touches on effective sales tactics and his personal growth from a small apartment to leading a 40-employee company, blending business with a love for travel.
14 snips
Sep 5, 2025 • 1h 13min
Spencer Cibelli - Haypp Group: Nicotine's "Win-Win-Win" Business
Spencer Cibelli, an Investment Associate at Robotti & Company, dives into the world of Haypp Group, the largest online retailer of nicotine pouches. He highlights the unique benefits for consumers and suppliers, showcasing how this niche market can be a 'Win-Win-Win.' The discussion also navigates the regulatory landscape surrounding nicotine products, examining societal attitudes, and the impact of online purchasing on consumer behavior. Cibelli's insights reveal both the challenges and growth potential in this evolving industry.
25 snips
Aug 25, 2025 • 1h 6min
Jeffrey Collins - Uncorrelated Private Assets
Jeff Collins, Managing Partner of Cloverlay, shares his expertise in niche private assets that promise uncorrelated and predictable returns. He discusses unique opportunities in telecom spectrum auctions and dark fiber investments, highlighting their strategic advantages for smaller investors. Jeff emphasizes the significance of understanding correlation in portfolio management and reflects on past investments to inform future strategies. Throughout the conversation, he reveals insights on regulatory changes and the evolving landscape of private assets, providing valuable lessons for institutional investors.
34 snips
Aug 19, 2025 • 1h 13min
Ryan Dobratz - Fannie, Freddie & The Future
Ryan Dobratz, who runs the real estate strategy at Third Avenue, dives into the intriguing world of Freddie Mac and Fannie Mae. He discusses the political pressures facing these giants and their potential exit from conservatorship. The conversation delves into the current housing landscape, highlighting a recovery in new home construction and the rising interest in manufactured housing. Dobratz also shares insights on how AI is set to transform industrial real estate logistics and the impact of interest rates on various market sectors.
Aug 13, 2025 • 1h 19min
Stuart Loren - Navigating the Age of Social Disruption
Stuart Loren, Managing Director at Fort Sheridan Advisors, delves into the pressing issues of economic and social discontent impacting today's investment landscape. He discusses the alarming decline in geographic mobility and its effect on political shifts toward populism. Notably, Stuart highlights the housing crisis, rising youth pessimism, and the deepening divide in political identities that challenge community ties. He also examines how AI could reshape future economic productivity amidst these societal changes.
7 snips
Aug 6, 2025 • 1h 8min
James Davolos - Liquid Assets: Water’s Role in Oil’s Future
James Davolos, a specialist in water solutions at Horizon Kinetics, dives into the crucial role of water management in the oil and gas sector. He discusses the rising significance of produced water, particularly in the Permian Basin, and how market misunderstandings can create investment opportunities. Davolos also explores unconventional investment strategies, behavioral investing, and the shifting dynamics in competitive landscapes. He emphasizes the need for innovative technologies and strong water management capabilities as essential for future energy success.
20 snips
Jun 25, 2025 • 1h 7min
Diversifying Concentrated Positions While Deferring Taxes with Wes Gray
Wes Gray, the founder of Alpha Architect, specializes in cost-efficient investing and tax solutions. He discusses innovative strategies for diversifying concentrated investments while deferring taxes using Registered Investment Companies and ETFs. The conversation delves into the complexities of tax implications, including Section 351 and partnership laws. Wes emphasizes the importance of managing concentrated positions for wealth transfer and introduces exchange funds as a viable option for tax-efficient investment diversification.
116 snips
Jun 4, 2025 • 1h 43min
Andrew Freedman - AI Insights, Integration, and Best Practices
Andrew Freedman, a Communications Analyst at Hedgeye Risk Management focusing on TMT and healthcare, shares insightful perspectives on AI integration in daily life and business. He delves into the implications of AI on job security and societal shifts, emphasizing the importance of critical thinking. The discussion includes the competitive landscape of AI models, challenges in media adaptation, and how AI is revolutionizing property management. Freedman highlights the future of education to prepare for an AI-driven world, urging active engagement with these evolving technologies.
