Yet Another Value Podcast

Discover essential tips for landing a job in investing, designed for college students and early-career professionals. Learn how gaining a CFA Level 1 can boost your credibility and why tailoring your outreach is key to effective networking. Explore creative tactics like starting a pseudonymous Substack to build skills and connections. The importance of crafting memorable stock pitches and leveraging unique insights from real-world interactions is also highlighted. This practical guide is a must for aspiring investors!

Jingshu Zhang, from Guinea Value and a founder in the education space, shares his deep insights into New Oriental Education, a major player in China's education market. He discusses the company's dramatic fall due to regulatory crackdowns and its surprising rebound. Jingshu reveals the impact of AI on education and challenges faced by traditional teaching methods. He also touches on financial strategies, including cash management and market misunderstandings, making the discussion both informative and engaging.

In this engaging discussion, Artem Fokin, a prominent figure from Caro-Kann and a seasoned investor, delves into the art of refining investment strategies. He shares insights on the evolving role of AI in research, highlighting its potential to transform market efficiency. Artem and host Andrew Walker debate the significance of long-term process improvements and the dangers of groupthink in investing. Their conversation underscores the importance of independent thought and the growing accessibility of research tools, essential for navigating the complexities of today’s market.

Explore the wild world of today's bifurcated market, where AI stocks shine while traditional sectors struggle. Discover the intrigue behind stock buybacks after earnings disappointments—are they fool's gold or genuine strength? Dive into 'hot girl marketing,' featuring insights on Sydney Sweeney's celebrity endorsements. Unpack savvy investment strategies and the psychology behind them, plus a thrilling challenge trade involving major players like Paulson and Icahn. It's a fascinating ride through the highs and lows of modern finance!

Jeremie Eliahou Ontiveros from SemiAnalysis, an expert in semiconductors and data centers, dives into the surging demand for power driven by AI. He discusses the shift from diesel generators to onsite gas turbines and the implications for sustainability. The chat covers hyperscaler capex forecasts, contrasting strategies between CoreWeave and Oracle, and the potential rise of remote data center hubs like Alaska. Jeremie also tackles the evolving landscape of robotics and automation, reflecting on future labor dynamics amid technological advancements.

Brian Laks from Old West Management, an expert in the metals and mining sectors, dives deep into uranium, copper, and gold. He discusses the evolving uranium market and the underestimated demand, alongside copper's strategic rise due to technological advancements. Laks highlights gold's unpredictable demand drivers and the impact of tariffs on copper valuations. The conversation also touches on government support for critical minerals and how AI's energy needs are reshaping the landscape of these vital resources.

Chris Waller, founder of Hidden Gems Investing, dives deep into Judges Scientific, a UK-based serial acquirer in the scientific instruments sector. He discusses their disciplined acquisition strategy and how it helps them stand out in a crowded market. Waller highlights the challenges of scaling acquisitions and shares insights on leadership succession risks. He also examines the impact of recent U.S. funding cuts on the company’s earnings while exploring market misperceptions and the intricacies of capital allocation in achieving sustained high returns.

Orel Levy, an investor at Anek Capital with a keen focus on value and event-driven opportunities, dives into the world of Cellebrite, a leader in digital forensics tools. He discusses the company's evolution into a SaaS model and its role in law enforcement. A shift in management, competitive threats like Palantir, and the integration of AI are thoroughly examined. Orel also unpacks the potential risks surrounding execution and possible M&A speculations, shedding light on Cellebrite's strategic positioning in a rapidly changing tech landscape.

Byrne Hobart, the insightful mind behind The Diff, joins to dive deep into the biography of Larry Ellison, Oracle's co-founder. The discussion unveils the duality of Ellison’s character and Oracle's aggressive sales tactics. They reflect on early struggles and the challenges of ERP transitions, alongside surprising predictions about tech trends. The conversation humorously compares Ellison to Elon Musk and explores his eccentricities, from boating hobbies to the implications of government IDs. It's a captivating look at tech's intertwined narratives.

In this conversation, David Bastion from Kingdom Capital, an expert in value investing and stock analysis, dives deep into United Natural Foods Inc. (UNFI). He examines the hurdles UNFI faces post-merger and the implications of a recent cyberattack on its operations. David highlights management's strategic pivot, the importance of partnerships with Whole Foods and Amazon, and the need for recovery amidst inflation challenges. With a focus on the company's path to sustainable earnings growth, he offers invaluable insights for potential investors navigating this turnaround.