Yet Another Value Podcast

In this engaging discussion, investment analyst Dom St. George from Cayucos Capital shares over a decade of insights on Jardine Matheson, a historic conglomerate. He explores its intriguing origins in the opium trade and the complexities of its current holdco structure. Dom highlights the company's recent strategic overhaul under new leadership, the potential value locked in assets like Hong Kong Land, and the implications of private equity hires. Tune in for a deep dive into the nuances of holdco investing and what lies ahead for this unique corporate entity.

Byrne Hobart, a writer and analyst at The Diff, joins to delve into John Malone's memoir, "Born to Be Wired." They explore Malone’s strategic innovations in media and the legacy of his investments in companies like AT&T. The discussion highlights Malone's unique approach to tax efficiency and media regulation, as well as reflections on the challenges facing Liberty Media. They also engage in a spirited debate about the future of CNN and the implications of evolving media landscapes, concluding with thoughts on future reads to inspire listeners.

Steve Gorelik, a portfolio manager at Firebird Management, dives deep into Molina Healthcare, a Medicaid-focused managed care organization. He discusses the recent stock drop, attributing it to rising medical costs and industry challenges. Steve highlights Molina’s unique cost advantages and efficient operations, predicting it can outperform peers despite recent setbacks. They explore the impact of healthcare policy, market dynamics, and Molina’s strategic M&A playbook, underscoring why he believes it remains undervalued in the market.

Explore Trump's proposal to shift SEC reporting to semi-annual, shaking up trading opportunities. Delve into Elon Musk’s remarkable billion-dollar Tesla buy and its historical context. Understand the implications of fewer quarterly filings on market volatility and quant strategies. Discover reflections on improving as an investor while avoiding mindless practices, and tackle the challenges of judging those who invest in meme stocks. Join for an engaging discussion on macro shifts and evolving investment behaviors!

In this engaging discussion, investor Shomik Ghosh delves into Clearwater Analytics (CWAN), highlighting its innovative cloud-native platform that's revolutionizing financial systems. He covers Clearwater's strategic acquisitions and their impact on valuation, as well as the company's robust data architecture. Shomik also discusses market opportunities in insurance and asset management, the influence of private equity, and potential AI applications. With insights on CWAN’s growth trajectory and competitive landscape, this conversation is a must-listen for investment enthusiasts.

In this discussion, Artem Fokin, Head of Caro-Kann Capital and a specialist in research workflows, reveals how AI and expert call libraries are transforming investment strategies. He shares insights on integrating AlphaSense’s latest tools into the research process. The conversation highlights the benefits of expert calls, best practices for sourcing participants, and the challenges of bias. Artem also details how AI enhances efficiency through transcript filtering and data analysis, showcasing the profound impact of technology on modern investing.

Franco Chomonalez from Sophon Capital dives into Thunderbird Entertainment, a microcap gem in Canadian animation. He explains its attractive valuation at 1.6x EBITDA and discusses the company's three diverse revenue models. The conversation highlights Thunderbirds’ role with Disney and its advantages from Canadian tax credits. They also tackle the risks of AI in animation and shareholder tensions regarding potential sales. With TSX uplisting on the horizon, it could be a pivotal moment for this overlooked value opportunity.

In this discussion, Guowei Zhang, a writer at Yummy Century Stocks, gives insights into the $23 billion spectrum deal between AT&T and EchoStar. He examines the competitive dynamics in telecommunications, including challenges for cable companies and the potential impact of regulatory decisions. The conversation also delves into mergers and acquisitions in broadcasting and the psychological hurdles faced by value investors, offering lessons from personal experiences and broader market trends.

Dive into the transformative world of modern railroading as the hosts discuss the legendary Hunter Harrison. They explore his bold management style and the precision scheduled railroading model he pioneered. The conversation highlights his strategic alliances with notable investors and the tension between performance and personal image. They also delve into workforce management challenges, competition with trucking, and the evolving infrastructure of the industry. Was he a genius or just at the right place at the right time?

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!