Superinvestors and the Art of Worldly Wisdom

Jesse Felder
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May 11, 2022 • 1h 24min

#52: Fred Hickey On ’Keeping Your Head When All About You Are Losing Theirs’

For over 35 years now, Fred Hickey has consistently performed in-depth research into a wide variety of individual stocks and what drives them over the full market cycle. What's more, during that entire span he's distilled his findings into concise and actionable research for subscribers to his newsletter, The High Tech Strategist. In the process, he's earned a reputation among loyal readers for being both a beacon of true value at times of market opportunity and a voice of reason during periods of overzealous speculation. In this conversation, Fred discusses the recent mania in the markets, how it compares to similar episodes of the past and what those have to teach us about how the current decline in stock prices might unfold in the months ahead. For notes and links related to this episode visit TheFelderReport.com.
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Apr 13, 2022 • 1h 30min

#51: Diego Parrilla On The Three Levels Of The Investment Game

This is the third conversation with Diego Parrilla I have published as a podcast but the fourth time I have actually recorded a discussion of ours. The first time Diego was kind of enough to share many of the facets of his investment process, I found only afterwards that, due to a technology issue, the audio recording was sadly unusable. So I was very glad to prevent the possibility of another such mishap by having this conversation in person. Though it was the holy week of Semana Santa in Spain and Madrid was relatively quiet as a result, I found Diego and his team toiling away in their top floor offices at Quadriga Funds. Considering Diego's views have been so prescient of late and his framework for approaching markets so relevant to the current environment, I was especially glad to have the chance to talk with him again. For notes and links related to this episode visit TheFelderReport.com.
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4 snips
Mar 30, 2022 • 49min

#50: Kiril Sokoloff On The Virtues Of Just Watching The River

For long-time Superinvestors listeners, Kiril Sokoloff needs no introduction. Last summer, he was kind enough to host me at his home in Sun Valley, Idaho where we discussed much of the framework that makes up the foundation of Kiril's research and investment process. In this conversation, he shares how he applies this framework to the inflation debate and the most meaningful conclusions he has reached as a result of this process. Moreover, Kiril explains what it all means for the economy, markets and individual investors. For notes and links related to this conversation visit TheFelderReport.com.
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Nov 4, 2021 • 1h 1min

#49: Todd Harrison On The ’Trade Of A Lifetime’

Todd Harrison is truly one of the good guys on Wall Street. After a career that took him from the Morgan Stanley options trading desk to running a major hedge fund and then starting a financial media business, Todd founded CB1 Capital several years ago. The firm, an investment adviser and manager, was born out of Todd's belief in cannabis as a relatively untapped source of wellness and as an investment opportunity. After a 9-month bear market that has seen stock prices in the sector fall, in many cases, over 50%, Todd sees what he now calls a, "generational opportunity" and, "the trade of a lifetime." In this conversation, and in typical Toddo fashion, he candidly shares his work and discusses his thesis behind the trade. For notes and links related to our conversation visit TheFelderReport.com.
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Jul 28, 2021 • 1h 14min

#48: Jim Stack On Charting A Course Through Stock Market Rapids

Jim Stack has been assiduously studying markets in an effort to develop and hone a full-cycle investment discipline since he was first introduced to stock market risk back in the 1973-74 bear market. That experience instilled in him the modicum of skepticism needed to successfully navigate major market turning points, both tops and bottoms, as well as an infectious enthusiasm for investment research that still drives him today. It also set him on a journey that would eventually see him founding InvesTech Research, one of the most successful investment newsletters in the industry, and later Stack Financial Management, an SEC-registered advisory firm with billions under management. In this episode (recorded in Whitefish, Montana), Jim shares the key stories that shaped him as an investor and the lessons learned along the way. He also discusses how he developed some of the major indicators that drive his investment process and how they currently influence his approach to the market. For notes and links related to this episode visit TheFelderReport.com.
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Jul 21, 2021 • 1h 4min

#47: David Hay On Balancing Risk Management With Timely Opportunism

David Hay has been managing money for over 40 years using a tried and true approach steeped in classic value investing paired with an appreciation for technical analysis that can only be developed through vast experience in the markets. What's more, David also has a unique ability to balance a healthy respect for risk management with an openness to opportunities that arise. This has allowed him and his firm, Evergreen Gavekal, to thrive even in the most precarious of market environments. In this episode (recorded in Coeur D'Alene, Idaho), David discusses how he developed his investment methodology over the course of his career, sharing some of the key tactics and techniques he has come to employ and how he is putting them to use today. For notes and links related to this episode visit TheFelderReport.com
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23 snips
Jul 7, 2021 • 57min

#46: Kiril Sokoloff On Seeking Truth In An Era Of Sophistry

For over half a century now, Kiril Sokoloff has not only identified in advance the most significant trends and innovations driving the markets and economy, he has also pinpointed the most attractive investment opportunities afforded by them. As a result, his firm, 13D Research, has become one of the most respected and influential services among institutional investors around the world. In this conversation (recorded in Sun Valley, Idaho), Kiril discusses how he developed and honed his investment approach over the course of his extensive and illustrious career and how he is using it today to isolate the most valuable macro signals in the markets. For notes and links related to this conversation visit TheFelderReport.com.
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Jun 30, 2021 • 56min

#45: Michael Oliver On The ’Massive Momentum Structure’ In The Stock Market

One thing I try to do with this podcast, is to find people who are taking a truly unique approach to analyzing the markets, those taking the "financial road less traveled," as I like to call it. Well, Michael Oliver is surely one of those. There is traditional technical analysis, the study of charts which has been around for as long as markets, and then there is Michael's, "momentum structural analysis," which is an entirely original way of studying price patterns and trends. It was almost exactly two years ago, I first got the chance to interview Michael about his methods. In this conversation (recorded in Fort Collins, Colorado), Michael goes into even more depth about his analytical techniques and what they are saying about the markets today. For notes, links and charts related to this episode, visit TheFelderReport.com.
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Jun 23, 2021 • 1h 7min

#44: Julian Brigden On The Fed’s ’Impossible Trinity’

Julian Brigden is a master of models. In putting together his macro theses, which have presciently called major moves in everything from inflation and the dollar to the most popular manias in the stock market, he carefully studies inter-market relationships and correlations to come up with a framework grounded in real data rather than arcane theories and formulas. This practical and highly-refined approach has served him well for the ten years he has been running MI2 Partners and for years prior to that. In this episode, (recorded in Breckenridge, Colorado), Julian discusses how he developed this uniquely insightful methodology and how he uses it today to inform his own trading and that of his many institutional and retail clients.
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Apr 21, 2021 • 1h 11min

#43: Diego Parrilla On Appreciating The Opportunity Set In ‘Antibubbles’

It was just over two years ago Diego Parrilla first joined me on the podcast to discuss his framework for analyzing financial bubbles and what he calls, "antibubbles." You may have noticed that the topic of bubbles and antibubbles has come up in both of my recent interviews with James Davolos, on the topic of inflation, and Adam Rozencwaig, on the mania in green energy stocks. Considering how relevant Diego's framework is to the current market environment and how dramatically the macro backdrop has changed since we last spoke, I thought it would be an opportune time to have him back for a follow up conversation. In this episode, Diego shares his views on the misconceptions underpinning all sorts of asset bubbles at present and how a paradigm shift in inflation threatens to play the role of pin to each of them. He also discusses why he believes cryptocurrencies are, in fact, a bubble and how they have created another opportunity in what he sees as one of the oldest and most enduring of antibubbles: gold. For links and notes related to this episode visit TheFelderReport.com

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