Compounders Podcast

My guest on the show today is Evan Curtis, the Executive Director of Investments at Vanamor Investments, a private real estate investment firm. Given the ongoing turmoil in the real estate market first caused by COVID and then exacerbated by the sharp rise in interest rates, I was excited to have Evan on as our first real estate-focused, private investor. In this wide-ranging conversation, we discussed: The history of Vanamor, including the real estate verticals it has chosen to focus on; What Evan has learned about investing through real estate cycles; The opportunity set in investing in commercial real estate right now; How Vanamor incorporates data and technology within its process; and The benefits of running a small, nimble investment firm. For more information about Vanamor Investments, please visit: https://vanamor.com/ Listen to all Compounders Podcast episodes on either Apple or Spotify iTunes: https://apple.co/3xlUvPY Spotify: https://spoti.fi/3jxkxLl All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Josh Collinsworth, Portfolio Manager at Nomadic Value Partners, discusses his path from allocator to starting his own investment firm. He shares his expertise within healthcare and Nomadic's time horizon. They also explore portfolio concentration, position sizing, lowering the cost of utility-grade solar, the value of a primary care platform, and through hiking in the Uinta Range.

My guest on the show today is Drew Estes, the Portfolio Manager at Banyan Capital, a firm that has been around since the late-1980s. Drew joined Banyan in 2016 and then took control of the business in 2019. Drew has brought his own brand of long-term focus to build permanent wealth for the firm’s clients. In this engaging conversation, we covered: The history of Banyan and how Drew came to control the firm; Portfolio construction, including concentration and the ideal type of company; Drew’s unique perspectives on client communications; His affinity for insurance companies, including Berkshire Hathaway’s; and How he goes about finding cheap compounders For more information about Banyan Capital, please visit: https://banyancapital.com/ Listen to all Compounders Podcast episodes on either Apple or Spotify iTunes: https://apple.co/3xlUvPY Spotify: https://spoti.fi/3jxkxLl All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Matt Reustle, CEO of Colossus, discusses the economics of podcasting, the idea behind Colossus, selecting authentic sponsors, long-term alignment, and the power of podcasting in advertising.

In this engaging discussion with Jimmy Schwartz, Co-Founder and CIO of Harvey Partners, he shares insights on investing in neglected small-cap stocks and identifying those at pivotal moments. He highlights sourcing strategies and the importance of portfolio diversity. Jimmy also discusses balancing defensive investments with growth potential and ensuring alignment between management and shareholder interests. Unpacking the significance of proxy statements, he offers a unique perspective on evaluating company management and navigating market challenges.

My guest on the show today is Aoifinn Devitt, the CIO of Moneta, a wealth management firm with about 30 billion dollars of assets under management. Moneta has been around for over 150 years and has been an RIA since the late-1980s. The firm is 100% partner-owned and has grown to have over 400 employees. In this in-depth conversation, we discussed: The general trends that having been driving clients towards RIAs and multi-family offices; How Moneta approaches asset allocation for clients; How Moneta differentiates itself from other large wealth management firms; The use of outside managers versus leveraging internal investment strategies; and The unique 25+ team structure of Moneta. For more information about the Moneta Group, please visit: https://monetagroup.com/ Listen to all Compounders Podcast episodes on either Apple or Spotify iTunes: https://apple.co/3xlUvPY Spotify: https://spoti.fi/3jxkxLl All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

My guest on the show today is Brandon Halcott, a true entrepreneur. Brandon founded a company called Tru Family Dental, which was a roll up of dental practices that was sold to a private equity owned dental company a few years ago. Now, Brandon is at it again but this time is focused on building both a dental practice platform and one dedicated to engineering and architectural firms. In this fast moving conversation, we discussed: The journey that led to the founding of Tru Family dental; The opportunity that still exists to consolidate dental practices; What he finds interesting about engineering and architectural firms; How Brandon has chosen to fund and finance these companies; and How his approach is a little different from that of a typical private equity firm Listen to all Compounders Podcast episodes on either Apple or Spotify iTunes: https://apple.co/3xlUvPY Spotify: https://spoti.fi/3jxkxLl All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Adam Michaels, Chairman & CEO of Mama's Creations, shares insights on expanding deli aisle presence, distribution strategies, financial goals, & team collaboration. Discusses strategic investments, revenue growth, national distribution expansion, family involvement in quality control, corporate governance, & growth strategy.

My guest on the show today is Bo Knudsen, the Managing Director of Global Equities at C Worldwide Asset Management. Many listeners may not be familiar with C Worldwide, but the Denmark-based firm manages over 20 billion dollars. Bo has been a portfolio manager since 1989 and has had his hand in some strategies that have generated incredible outperformance versus their benchmarks over long periods of time. In this insightful conversation, we discussed: The characteristics of a typical C Worldwide compounder; The investing culture that encourages employees to stay with the firm for decades; His history with the company Novo Nordisk, the Danish company that is now well-known for its weight loss drugs; How the firm approaches ethical and sustainable investing; and The elements that have allowed C Worldwide to generate such meaningful outperformance over time. For more information about C Worldwide Asset Management, please visit: https://www.cworldwide.com/ Listen to all Compounders Podcast episodes on either Apple or Spotify iTunes: https://apple.co/3xlUvPY Spotify: https://spoti.fi/3jxkxLl All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

My guest on the show today needs no introduction. Tobias Carlisle, Founder and Managing Director of Acquirers Funds and Co-Host, Value After Hours. He manages two ETFs, a larger-cap deep value ETF with the ticker ZIG—and a smaller cap one with the ticker DEEP. He is the author of several books on value investing and is the co-host of the popular podcast: Value After Hours. You also may know him by his Twitter handle, Greenbackd. In this conversation, which started at a lunch table and continued in the podcast studio, we covered: How he blends qualitative and quantitative research to construct his portfolios; The methodologies he uses to inform position sizing, rebalancing, and concentration; Why he requires the companies he owns to meet certain free cash and balance sheet criteria; The rationale for holding a diverse range of markets cap stocks in his ZIG ETF; and The difference between looking to be a contrarian and the willingness to be a contrarian. For more information about Acquirers Funds, please visit: https://acquirersfunds.com/ Listen to all Compounders Podcast episodes on either Apple or Spotify iTunes: https://apple.co/3xlUvPY Spotify: https://spoti.fi/3jxkxLl All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.