Good Investing Talks

Daniel Gehlen and Marc-Lennart Bräutigam of Gehlen Bräutigam Capital run the Gehlen Braeutigam Value HI funds. The fund is specialised on European small and midcaps. We discussed the following topics:00:00 Check out Interactive Brokers: https://www.good-investing.net/ib/ *00:35 Introduction01:25 A Europe-focussed fund06:15 Learning at Barclays10:05 Daniel’s early investments11:25 Launching a fund and making mistakes14:15 Learnings16:35 Return-orietnation or asset gathering?18:35 Defining the “European” market20:05 Exploring the European market22:05 Finding the best ideas24:15 The fund’s team30:45 Benefits of a different perspective31:20 Being leaders34:25 Gaming & gambling companies like Endor, Naked Wines & Italian Wine Brands40:20 Stock example: Italian Wine Brands44:35 Community exclusive46:00 The idea generation process50:05 Benefits of the limited broker coverage in Europe53:30 Valueing companies56:05 Risks58:32 Hurdle rates for an investment01:00:35 Investing in the own fund?01:01:15 Thank you01:02:20 Goodbye01:02:35 Disclaimer More▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My community: https://www.good-investing.net/plus/ Say thank you: https://www.good-investing.net/thank-… My broker *: https://www.good-investing.net/ib/ Disclaimer: https://www.good-investing.net/imprin…▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ = Affiliate Link How to find great European stocks, Daniel Gehlen & Marc-Lennart Bräutigam? appeared first on Good Investing - Understanding businesses & Connecting investors.

Philipp Haas just launched his fund, but before that, he had an impressive track record and shared a lot of his investing knowledge publically via his YouTube channel https://www.youtube.com/c/InvestresearchNet. In our talk we discussed the following topics: 00:00 Check out Interactive Brokers: https://www.good-investing.net/ib/00:38 Introducing Philipp Haas02:13 The fair PE06:34 Trend/momentum investment08:18 Transparency & capability of Philipp’s algorithm10:30 Mistakes & take-aways13:25 Dealing with small & big companies16:00 Finding inspiration for the YouTube channel18:41 Brand- vs. trust-building20:40 Philipp’s book22:00 Early stages of investing23:58 Motivation for content creation25:27 Motivation & passion29:55 Factors for success on the internet31:25 Wikifolio33:25 Managing 8 strategies at once35:15 Example of Midcaps Europe37:30 Managing a large portfolio39:40 Community exclusive40:20 Fund vs. portfolio43:13 Building on the basis of Wikifolio & social media43:43 Thoughts on fees47:13 Being invested in own fund48:43 Community exclusive49:43 Managing time between YouTube, Wikifolio, and the fund51:35 Long-term plans53:14 Turning to help54:45 Where to find Philipp55:08 Goodbye55:15 Disclaimer More▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My community: https://www.good-investing.net/plus/ Support Good Investing: https://www.good-investing.net/thank-… My broker *: https://www.good-investing.net/ib/ Disclaimer: https://www.good-investing.net/imprin…▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ = Affiliate Link Philipp Haas, how did you build a successful fund with YouTube? appeared first on Good Investing - Understanding businesses & Connecting investors.

Check out In Practise: https://to.inpractise.com/3C5Frbq * With Joe Frankenfield of Saga Partners I have discussed the following topics: 00:00 Check out In Practise: https://to.inpractise.com/3C5Frbq00:37 Introduction00:49 Joe Frankenfield’s first steps in money management08:30 Is investing gambling?09:50 Being based in Cleveland12:00 Setting up Saga Partners for long-term investments15:00 The ideal investor17:45 Philosophy of Saga Partners19:45 The boat20:10 Choosing the right partner23:44 Strength: patience25:50 Saga’s definition of Value Investing32:10 Balancing opportunism and deep-knowledge36:30 Evolving & replacing portfolio positions40:40 Dealing with “mistakes”42:50 Finding stable investments for the future48:05 Example of Roku53:10 Handball and the parallels to research57:40 Dealing with bias01:08:25 Community Exclusive01:09:11 Long-term portfolio construction01:14:32 Managing money privately vs. professionally01:16:08 Positivity boost for everyone01:16:45 Saying no01:21:27 Defining high-quality companies01:28:43 Culture and team01:30:18 Customize your approach to investing01:32:37 Thank you01:32:52 Goodbye01:32:57 Disclaimer More▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My community: https://www.good-investing.net/plus/ Say thank you: https://www.good-investing.net/thank-… My broker *: https://www.good-investing.net/ib/ Disclaimer: https://www.good-investing.net/imprin…▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ * = Affiliate Link Joe Frankenfield, how much Value Investing is in Saga Partners? appeared first on Good Investing - Understanding businesses & Connecting investors.

Try Interactive Brokers: https://www.good-investing.net/ib/ * Alex Kopel has left his high-paying Wallstreet job to found Rowan Street Capital together with Joe Maas. There he focuses on investing in high-quality businesses and great returns. In our conversation we discussed the following: 00:00 Learn more about Interactive Brokers https://www.good-investing.net/ib/ *00:38 Who is Alex Kopel?00:48 Frustration with the traditional way of managing money03:34 The beginnings of Rowan Street05:00 Zero management fees07:33 Dealing with smaller returns in the beginning08:50 Creating stability as a founder11:43 Choosing the right partner16:13 Finding consensus at portfolio building20:08 Factors for choosing stocks for the portfolio22:06 Valuation challenges25:53 Change & investing27:08 Dealing with change32:08 Community Exclusive33:18 Mistakes36:20 Revising the process39:13 “Mode” and “Change”42:53 Defining high-quality businesses45:30 Exceptional opportunities49:25 Never going back to Wall Street51:23 Growth since leaving Wall Street54:38 Thank you55:38 Goodbye55:44 Disclaimer More▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My community: https://www.good-investing.net/plus/ Say thank you: https://www.good-investing.net/thank-you/ My broker *: https://www.good-investing.net/ib/ Disclaimer: https://www.good-investing.net/imprint/disclaimer/▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ * = Affiliate Link Alex Kopel, how do you invest at Rowan Street Capital? appeared first on Good Investing - Understanding businesses & Connecting investors.

South Korea is an interesting country to invest in. With the experts of Petra Capital, I had the chance to do a deep dive into this market. We discussed the following:00:00 Introduction00:30 Habital land of South Korea03:00 Effects of high density04:18 Infrastructure in South Korea06:30 Korea’s economic history07:10 Shift to technology08:47 Relation between South and North Korea12:30 Korean stock market before and after COVID16:50 Korea’s stock market culture17:55 Foreign investments in Korea20:30 Petra’s filters for selecting stocks25:30 Questionable business models27:45 Samsung as an example for Korean holdings34:15 Holding discount38:36 Shareholder culture in Korea42:05 Activism in Korea45:29 Recommendations on Korean capital allocators48:22 Cash on the balance sheet51:17 Buybacks53:00 Differences to Japan56:50 Playing IPOs58:00 Petra’s evolution01:00:08 Investing in Tech01:04:20 Export business models01:06:50 Choosing & sizing stocks01:08:30 Compounders01:09:45 Reopening after COVID01:11:06 Compounder example: Kakao01:16:40 Community exclusive: Renewables01:17:33 Understanding Korean culture01:23:45 Pace of development in Korea vs China01:27:04 Transformation of Korea’s economy01:28:00 Government’s crisis management01:33:54 Thank you01:34:10 Disclaimer More▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My community: www.good-investing.net/plus/ Say thank you: https://www.good-investing.net/thank-you/ Disclaimer: https://www.good-investing.net/imprint/disclaimer/▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ What are good ways to invest in South Korea, Petra Capital? appeared first on Good Investing - Understanding businesses & Connecting investors.

This is the final part of our discussion about the future of Spotify. Here you can find all episodes: https://www.youtube.com/playlist?list=PL2jGs_PC8EQV9xbT-Y7l3X5Wl9-RlQ4AC In this discussion with Jeremy Deal and Sleepwell Capital we have covered the following points:00:00 Spotify Series overview00:50 Spotify’s partnership strategy01:50 Paying artists in emerging markets05:15 The car Thing07:30 Recommendations, discoveries & engagement11:30 Spotify’s edge over competitors12:30 Growing content base & delivering it to the user14:40 Music discovery strategies16:10 Effects on music production18:10 Potential by transcribing podcasts21:45 Production tools for creators28:00 Data analytics for artists28:45 Breaking down barriers for artists31:04 Aiming for a Friction-less workflow31:48 Spotify as an aggregator33:50 Experimenting with payment models38:08 Streaming income43:00 Royalty splits46:00 Understanding perpetual revenue47:52 Turning engagement into new business models52:08 Testing new possibilities56:09 Community exclusive57:13 Evaluating Spotify for investors01:03:13 Thoughts on Crypto & future opportunities01:04:50 Encouragement to try out the App01:06:10 Buyback01:07:46 Thank you & Goodbye01:08:08 Disclaimer More▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My community: www.good-investing.net/plus/ Say thank you: https://www.good-investing.net/thank-you/ Disclaimer: https://www.good-investing.net/imprint/disclaimer/▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ How does Spotify win the creators, Jeremy Deal & Sleepwell Capital? appeared first on Good Investing - Understanding businesses & Connecting investors.

Thatcher Martin of Spree Capital Advisers has built an investment firm that focuses on the long-term and invests in high-quality businesses. We discussed the eight commonalities of high-quality businesses and his investment in the eBay stock and the Upwork stock. Here are the timestamps:00:00 Introduction00:12 Origin of the name Spree Capital01:50 His minimalist website03:45 Saying “no”04:18 Saying “yes”17:20 First career steps22:40 Building a firm23:30 Forming investing process24:50 Time management26:26 Investors of Spree Capital29:00 Mistakes31:30 Integrating learnings36:20 8 aspects of a high-quality businesses37:40 Selecting 20 businesses for the portfolio41:00 Managing risk42:00 The tool of qualitative analysis44:30 Analysing the business model47:00 How long do you analyze?47:53 The Upwork stock investment01:02:25 Community exclusive01:03:15 Role of management01:04:54 Dealing with competitive businesses in an industry01:08:22 Deep understanding is key01:10:00 Selling01:12:20 Example of eBay stock01:26:00 US markets vs global markets01:28:35 Disclaimer More▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My community: www.good-investing.net/plus/ Say thank you: https://www.good-investing.net/thank-you/ Disclaimer: https://www.good-investing.net/imprint/disclaimer/▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ What do all successful investments share, Spree Capital? appeared first on Good Investing - Understanding businesses & Connecting investors.

This is the second part of our discussion about the future of Spotify. Here you can find all episodes: In this discussion with Jeremy Deal and Sleepwell Capital we have covered the following points:00:00 Introduction00:41 Defining Spotify04:11 Competitors for Spotify: Radio06:00 Competitors: Streaming12:40 Strong competition from Youtube20:00 Disclaimer20:15 Community exclusive21:08 Daniel Ek, the visionary23:26 Impact on the music industry27:10 Setting trends30:50 Imitation & Acquisition33:00 Buying vs. Building37:00 Working with the labels42:30 TAM46:40 Spotify as a toolset for artist49:20 Massive opportunities of streaming53:15 Growth forces for Spotify54:15 Focus on creators56:55 Increasing engagement01:00:00 Launching in emerging markets01:07:04 End of Spotify II01:07:22 Disclaimer More▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My community: www.good-investing.net/plus/ Say thank you: https://www.good-investing.net/thank-you/ Disclaimer: https://www.good-investing.net/imprint/disclaimer/▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Can Spotify be the leading audio platform, Jeremy Deal & Sleepwell? appeared first on Good Investing - Understanding businesses & Connecting investors.

Rom Wilson of ACM Capital has a very interesting investing journey. He learned to invest in China before starting a US-focused fund. In our interview we have discussed the following: 00:00 Introduction00:23 Investing in China in the 2000s01:52 Rom’s path in investing03:50 Learnings from the early days07:20 3 recommended books13:24 The ACM elephant and the meaning behind it16:40 ACM, the “global” fund17:55 ACM, the “concentrated” fund18:45 ACM, the “value” fund21:20 Owning Amazon & Google23:00 The long game and the example of ADP24:40 Ecosystems28:20 Controversy34:00 Building a firm35:40 Advice on getting started39:30 Hacks & the marshmallow test42:20 Leadership45:50 Being a person of color in finance53:20 How hurdles make for a unique angle55:50 ACM in 5 years59:50 Partners01:05:00 Investing into Snap01:13:00 Community exclusive: Constructing a portfolio01:14:02 Fair value of a company01:17:07 Investing mistakes: Omission vs Commission01:22:04 Encouragement & extra advice01:26:12 Goodbye01:26:25 Disclaimer Disclaimer From China to Elephants & Snapchat: Rom Wilson on ACM Capital appeared first on Good Investing - Understanding businesses & Connecting investors.

Renewable energies are booming. In this conversation with Karsten Schlageter, a member of the board of ABO Wind, I discussed the business model of the developer ABO Wind. We discussed the following:00:00 Intro00:15 Origin of ABO Wind01:20 Karsten Schlageter’s beginnings at ABO Wind02:57 Supporting the channel03:13 Renewable energy 20 years ago, 10 years ago & today06:25 The future of renewable energy08:00 Thoughts on the future market09:10 Hurdles of growing the market depending on the region10:30 Impacts of component & logistics prices11:25 Calculations on costs for a wind farm12:20 Investors14:30 Development of financing costs15:45 Value added by ABO Wind to renewable energy projects17:05 Phase: Site acquisition19:02 Differences solar farms & wind parks20:02 Phase: Development21:00 Responsibilities in the early phases22:00 Costs of development24:10 Focussing on the energy transition & the margins25:32 Phase: Financing27:00 Phase: Construction27:45 Scale advantages in the value chain30:33 Finding & keeping good people32:59 Decision-making in face of growth35:05 Phase: Services36:30 Subscribe36:40 Phases in developing wind & solar parks37:40 Hurdles in the phases40:03 Payment40:43 How investors approach ABO42:40 Risks of owning the parks44:20 Community Exclusive45:04 Shares owned by employees47:00 International expansion of ABO49:30 Entering a new market51:25 Potential territories to enter52:53 Getting started in a market55:13 Making sure the ABO Wind culture lives in the different subsidiaries57:09 Managing subsidiaries58:28 Deployed vs. local units59:27 Top markets that Karsten is bullish about01:03:08 Difficult markets01:05:13 Effects of Corona on the company01:06:19 Motivation behind entering new technologies01:11:18 Managing the risks of new technologies01:12:53 Potential in hydrogen01:14:38 2011 vs. 2021 in the renewable energy market01:16:08 Role of ownership01:17:40 Energy of the owners01:18:17 Karsten Schlageter’s shares in ABO Wind01:19:27 Evaluating ABO’s share value01:20:31 Repowering wind parks in Germany01:21:22 ABO Wind in 10 years01:22:50 Encouragement to invest01:23:25 Goodbye01:23:36 Disclaimer ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ goodinvesting #greenenergy #renewables More▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My community: www.good-investing.net/plus/ Say thank you: https://www.good-investing.net/thank-you/ Disclaimer: https://www.good-investing.net/imprint/disclaimer/▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ How are you building the energy future at ABO Wind, Karsten Schlageter? appeared first on Good Investing - Understanding businesses & Connecting investors.