Good Investing Talks

With Dennis Hong (ShawSpring) I discussed the following topics:00:01:44 What quality dog brings to someone who invests on the stock market?00:03:01 So how does dog react to volatility?00:04:32 Dennis Hong, how would you describe your style of investing?00:16:50 What were hurdles for you to grow ShawSpring?00:37:17 How do you measure love for businesses, Dennis Hong?00:39:21 Do you also take the quality of management and to account for this?00:41:21 What do you like about complexity in investing?00:48:03 How would you describe your relationship to cash?00:52:24 Have you found characteristics in the losers which have caused you to adjust your larger selection framework?00:57:10 How do you decide when to sell or trim a position?01:05:01 The risk of over optimizing01:07:01 Have you found something Chinese equivalent of Carvana?01:09:48 Which of your businesses is the most shorted on the market?01:13:47 Is the Chinese internet space more competitive?01:15:39 How do you discount political risks?01:20:18 How Corona virus infected your businesses01:28:12 What was your favorite chart in 2020? Here you can find our transcript of this interview: https://www.valuedach.de/en/2020/07/27/dennis-hong-shawspring-partners/ What makes internet stocks attractive, Dennis Hong (ShawSpring)? appeared first on Good Investing - Understanding businesses & Connecting investors.

Fred Liu of Hayden Capital is a Value Investor with a focus on quality investments. He is investing concentrated and looking for opportunities in the Asian internet space. In this interview we have talked about: 2:42 Fred’s way into Value Investing10:55 Fred’s edge in Investing16:10 Shopee vs Lazada20:40 More on Shopee27:00 The year 202031:10 The current rally34:10 On mousetraps in investing34:50 Revaluations of companies39:50 The sale of JD.com42:05 Internet Space in China44:20 Carvana49:00 Carmax vs Carvana54:30 Hayden Capital’s perspective56:30 Summary Why are you invested in Sea Limited & Carvana, Fred Liu? appeared first on Good Investing - Understanding businesses & Connecting investors.

Here we are talking with Cliff Sosin (CAS Investment Partners) about his investment in Carvana, shorting and his advice for young investors. We start this interview with talking about the share of Cliff Sosin’s portfolio, that he has invested in Carvana.At 4:34 Cliff explains us why he shorts in general.At 7:06 we talk about the size of the short in his portfolio.At 8:07 Cliff tells his 10-year perspective for Carvana.At 14:22 Cliff explains why he did not invest into the FAANG stocksAt 15:55 we talk about a potential acquisition target for Carvana.At 19:07 we are talking about disruptive risks through electric cars and self-driving cars.At 32:11 Moritz asks Cliff for an advice for young investors. Why is Cliff Sosin invested in Carvana? A talk appeared first on Good Investing - Understanding businesses & Connecting investors.

Clifford Sosin is the Founder and Portfolio Manager of CAS Investments Partners (www.casinvestmentpartners.com) which is located in New York and Westport, CT. As a Value Investor Cliff has an outstanding track record and also very unique views and standpoints. We were happy to meet him at the end of April 2019 for a series of very interesting interviews. In this we discussed the following: At 01:00 we talk about idea generation or “the organic process of randomness”At 06:07 we chat about mental models and the application of them.At 11:03 he explains the reasons why he passes an idea.At 14:41 we get to know what he likes about businesses.At 16:32 what talk about “sensible people” and good management. How to generate ideas? A conversation with Value Investor Cliff Sosin appeared first on Good Investing - Understanding businesses & Connecting investors.

In the beginning, we discussed Rob’s idea generation and how it changed over time. He also explained how he currently finds ideas.At 03:08 we are talking about filters he uses.At 04:53 Robert Vinall explains what minimum standards he has on a country level.At 05:15 we are talking about factors that make a company perfectly uninvestiable. We also look on debt or cyclical companies.At 07:09 Rob explains the next steps in his investment process.At 09:22 we are talking about the role of numbers in his process.At 10:55 Robert Vinall tells more about his preferred sources to gather information about a company.At 12:37 we ask the question: How long does a research process usually take? Rob answers it with two examples.At 17:13 the value investor Rob Vinall explains how he spends his time researching companies.At 18.34 the question “How much detail is important for you?” is raised.At 19:48 we discuss the relation between details and key drivers and mechanisms. We also discuss some examples for this relation.At 23:10 we are talking about selling and the reasons for selling.At 25:24 we discuss the question “How do you track companies you have sold?”.At 26:31 Robert Vinall gives some insights in his watchlist. What is a good Investment process? A talk with Rob Vinall appeared first on Good Investing - Understanding businesses & Connecting investors.

Rob Vinall of RV Capital (https://www.rvcapital.ch) performed with 18,5% return per annum since 2008. We had the opportunity to talk to him in Switzerland in March. At 01:16 Rob explains us how a typical year of him looks like At 02:37 he also explains his “opportunistic” approach At 03:08 we discuss how the inflow of money and the growth of assets under management has changed his approach At 05:38 we ask: Are there limits through the amount of capital he has under management? At 06:23 how Rob Vinall deals with mistakes At 08:25 Rob explains what he defines as a mistake At 09:28 we discuss the former investments Novo Nordisk and Baidu At 12:07 we talk about Chinese internet stocks At 13:18 Our conversation on the importance of management started At 14:48 we are discussing factors for the trustworthiness of management At 16:00 Rob Vinall explains how he filters out managers he trusts At 17:22 we talk about positive surprises with management on the example of Grenke At 19:13 and 20:07 we discuss other examples of good managers At 20:43 we started to talk about corporate culture At 21:56 we discussed the management and culture of Facebook At 24:34 we talk about the role of reflexivity in his process How to evaluate management? A talk with Value Investor Robert Vinall appeared first on Good Investing - Understanding businesses & Connecting investors.

At the beginning of October 2019, we had the chance for a series of interviews with Guy Spier of Aquamarine (www.aquamarinefund.com and www.guyspier.com) in Zurich. In this part of the interview you can lear more about Guy Spier’s research process. At 00:20 Guy Spier explains how he gets his investment ideas. At 17:28 Guy explains how many companies he researchs every year. Guy Spier, what has finding investment ideas to do with a bar?? appeared first on Good Investing - Understanding businesses & Connecting investors.

At the beginning of October 2019, we had the chance for a series of interviews with Guy Spier of Aquamarine (www.aquamarinefund.com and www.guyspier.com) in Zurich. In this part of the interview you can understand how Guy became the investor he is today. At first, we learn what mistakes made Guy Spier the investor he is today.At 04:00 we learn how Guy Spier changed his view on mistakes.At 06:27 Guy Spier explains which concepts he copied for his life.Ab 11:13 wechseln wir ins Deutsche und lernen Guys Deutschkenntnisse kennen.Ab 13:06 erfahren wir was den deutschen Anteil von Guy Spier ausmacht.At 16:36 we are back in English and Guy answers the question of which people had the biggest influence on him.At 19:10 Guy Spier explains three lessons he learned from Mohnish Pabrai.At 28:39 we learn more about a typical day and week of Guy Spier.At 32:49 we talk about the right incentives in life. How did Mohnish Pabrai inspire, you Guy Spier? appeared first on Good Investing - Understanding businesses & Connecting investors.