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The Contrarian Investor Podcast
58 minutes | 20 days ago
How To Find Compounders In Unusual Places
This episode is brought to you by Merk Research. Visit this link to take advantage of the offer presented on the podcast. To listen without ads or announcements, become a premium subscriber. Artem Fokin of Caro-Kann Capital joins the podcast to discuss his strategy of finding compounders in unusual places, specifically those listed on the "wrong" exchanges. Content Segments (Spotify users can link to the section directly by clicking on the timestamp) "What do I mean with the wrong exchange?" (3:42); Why would a U.S. company not just list in the U.S.? Isn't there more upside? (7:19); Why the Australian exchange is one of the guest's favorites for finding these companies (13:41); What are the other criteria he looks for? (22:05); What about valuation metrics for choosing an entry point? (31:06); Background on the guest (35:05); More information about his fund, which also focuses on special situations (37:18); The focus has remained consistent, due to core competence (39:35); One hidden gem, a portfolio holding, that he discovered recently: a software company with solid growth rate early in its lifecycle that trades in Australia -- and is already profitable (41:19); More discussion of the company, its customer base and how that has changed post-COVID (48:52). More About The Guest Website: Caro-Kann-Capital.com
40 minutes | a month ago
Buckle Up, The Bull Market is Just Getting Started
Thank you to the sponsor of this episode, Merk Research. Visit this link to take advantage of the offer presented on the podcast. To listen without ads or announcements, become a premium subscriber. Ryan Worch of Worch Capital joins the podcast to discuss his views that even after the massive post-COVID rally in stocks, the bull market is just getting started. Content Sections (Spotify users can link to the segment directly by clicking on the timestamp) The most appropriate historical parallel from a price-pattern standpoint may be 1999 and the massive "tech melt-up" that ended in 2000 (3:21); "We believe the market is in this secular bull market -- for various reasons," particularly monetary easing. This should "supercharge" a move higher, much as in 1999 (5:35); The similarities and differences between now and the late 1990s (8:40); The Fed is "completely transparent these days." They will be forced to raise rates at some point, but the markets may not stop rallying for a while (12:21); Current excesses are nothing compared to those of the late 1990s. People are still spooked by what happened (16:44); Background on the guest (22:06); How he started his fund in 2008 (26:39); How Worch Capital was able to avoid the February-March correction this year (28:54); Why he still likes growth, and which sectors (34:54). For More Information on the Guest Website: WorchCapital.com Twitter: @WorchCapital
38 minutes | a month ago
The Next 'Blow Off Top' is Coming: Brody Howatt, Bellator Asset Management
This podcast has ads, thanks to our new partnership with Merk Research and their generous offer for our listeners. To listen without ads, sign up to become a premium subscriber. Brody Howatt of Bellator Asset Management joins the podcast to discuss his view that the market is getting closer to a "blow off top." The guest also talks about what it was like working for Steven Cohen at SAC Capital and Point72 before starting his own firm. Content Segments (Spotify users can link to the section directly by clicking on the timestamp) "A lot of it has to do with positioning" -- the major difference from before the election versus now (3:23); There could be another 5% upside to the S&P, which should be seen as an opportunity to bring down exposure (4:59); The run-off in Georgia is worth watching (7:17); Look at illiquid names and potentially "take advantage of the up move to get out" (9:59); The rotation out of big tech and into small caps has mostly played out already (12:51); Background on the guest: son of a professional hockey player, Choate, West Point, Iraq, SAC Capital (17:51); Bellator Asset Management, a veterans-owned business (22:43); What it was like working for the legendary Steve Cohen, cold trading floor and all (25:15); More about the Bellator strategy (29:51); "The syndicate market never sleeps" (34:55). More Information on the Guest: Website: BellatorFunds.com
37 minutes | a month ago
Codie Sanchez on the Trouble -- And Opportunities -- Brewing in Small Business
This podcast has ads, thanks to our new partnership with Merk Research. To listen without ads, sign up to become a premium subscriber. Codie Sanchez of Entourage Effect Capital joins the podcast to discuss her view that wide swaths of the U.S. economy, those linked to small business, have yet to see many benefits of the post-COVID economic recovery. Eventually, "the music will stop" and stock markets will see more sellers than buyers. To protect themselves, investors should seek recession-resistance sectors of the economy and try to access their own cash flows. Content Segments (Spotify users can link to the section directly by clicking on the timestamp) There is a large segment of the market -- 47 million Americans who are employed by small business -- that has so far been left behind by the post-COVID economic recovery (4:02); The leading macro and micro trends Sanchez is watching and how they are slowing (6:22); Other things she watches to gauge small business growth, or in this case contraction (10:09); All of this creates a buying opportunity for those seeking to gain a foothold in the "mom and pops" of the economy. Even retail investors can gain access (13:48); Background on the guest (21:42); The host introduces his three rules for this podcast, one of which is to not to discuss cannabis investing, which is promptly broken -- to get the guest's assessment of this asset class (24:35); Investing in cannabis via public stock markets (27:20); Legalization, decriminalization, and how it might happen federally in the U.S. (31:42); More Information on the Guest: Personal Website: CodieSanchez.com Firm Website: EntourageEffectCapital.com Substack: contrarianthinking.substack.com Twitter: @Codie_Sanchez
61 minutes | 2 months ago
How Bubbles and False Narratives Made Financial Markets, with Jamie Catherwood, Author of InvestorAmnesia.com
Become a premium subscriber and get this podcast a day or more before the general public! No ads or announcements either! Contrarian.Supercast.Tech With the Dow Industrial Average hitting 30,000 on the day of this recording, revisiting historical booms and busts feels particularly timely. Jamie Catherwood, the author of InvestorAmnesia.com and a self-proclaimed financial history nerd, is a perfect guide to this discussion. We discuss booms in treasure hunting, bicycles, railroads, breweries, and of course tulips (which it turns out was greatly exaggerated. The guest debunks this). Content Segments (Spotify users can click on time stamp to link to the section directly) What epoch in financial history is perhaps most apt in light of today's period? (3:38); How long do these cycles typically last? (12:40); Bubbles in transportation technology: bicycles, railroads (twice), now electrical vehicles (16:25); "Tulip mania," often cited as the "mother of all financial bubbles" was in reality nowhere near as crazy as commonly believed (18:40 ); What are common elements that prick bubbles? (27:08); The role of central banks and the money supply in the bursting of bubbles (29:59); Background on the guest (40:36); How he started his website on financial bubble history (45:44) Contrarian investors through history (51:59); Epilogue: bonus content for supporters of Tottenham Hotspur only (57:05). More Information on the Guest Website: InvestorAmnesia.com Twitter: @InvestorAmnesia Financial History Course (premium subscribers get 10% off the price).
34 minutes | 2 months ago
Theron De Ris, Eschler Asset Management, on the Bullish Case for Precious Metals, Energy Stocks
Become a premium member and receive episodes earlier and without ads or announcements! Sign up here for just $9/month or $99/year. Theron De Ris of London-based Eschler Asset Management joins the podcast to discuss why now may be an optimal time to invest in shares of precious metals companies and energy concerns. One of De Ris' favorite stocks -- and primary portfolio holdings -- is discussed at some length in the second half of the program. Content Segments (Spotify users can link to the segment directly by clicking on the timestamp) Why Eschler Asset Management is bullish on precious metals (3:14) and why the pullback could be a buying opportunity for gold equities in particular (8:02); The picture for energy and why it is reminiscent of the precious metals industry circa 2015 (9:03); Demand from emerging markets, especially China, should persist despite economic difficulties (11:44), nor should renewable energy crimp demand in the short term (13:08); Background on the guest and how he got started waiting tables in Frankfurt, Germany (18:03) and eventually started his own fund (23:41); His process for finding ideas and picking stocks (26:34); How royalty and streaming companies work. Most are focused on precious metals, including Franco-Nevada Corp. (NYSE:FNV), Wheaton Precious Metals (NYSE:WPM), and Royal Gold (NASDAQ:RGLD) (28:00); The favorite stock and one of the fund's main holdings: EMX Royalties (NYSE:EMX) (30:07). Additional Information on the Guest: Website: EschlerAsset.com; Twitter: @DeRist2011; YouTube channel: Not intended as investment advice.
34 minutes | 3 months ago
Election Special: Watch for 'Blue Wave,' Followed by Rotation Into Value Stocks
Become a premium member and receive episodes earlier and without ads or announcements! Sign up here for just $9.99/month or $99/year. Scott Colbert, chief economist at Commerce Trust Company in St. Louis, rejoins the Contrarian Investor Podcast to discuss the state of the economy on the eve of the 2020 U.S. presidential election. In Colbert's view, the economic recovery is "square root" shaped, with a quick bounce from the bottom followed by "the lazy L that comes after the easy V-part." Politically, he anticipates a Biden victory and return of the Senate to democratic control. This will eventually lead to a higher tax rate for corporations, which together with a coronavirus vaccine will cause a rotation into value stocks. (Spotify users can access the segment directly by clicking on the corresponding timestamp) The current state of the U.S. economy on the eve of the presidential election: "a deep and severe contraction with a pretty significant bounceback that is entirely V-shaped -- at the moment." (3:51); The real unemployment rate is about 10% according to Colbert's calculation, almost exactly the same level that it was at the height of the Great Recession (5:21); The "final stimulus bridge" is still lacking to get us to where a vaccine can enable a full reopening of the economy (8:18); What if there are more serious lockdowns in Europe? (11:32); The election: A Biden victory and "blue wave" will return democrat control of the Senate (13:27); From an investing perspective, the biggest change (and opportunity) will be taking advantage of a rotation into value stocks (16:50); This because democrats will increase corporate taxes, which will disproportionately hurt growth companies (18:59); Worst-case scenarios include the deficit (24:56); Employment may not grow very quickly. An 8% unemployment rate may still be a year or more away (27:48); The firm's asset allocation for 2021 and how that has changed since January (29:11). Read Colbert's latest presentation here. Not intended as investment advice.
44 minutes | 3 months ago
Opportunities May Be Brewing in Cyclical Stocks: Christian Putz, ARR Investments
Become a premium member and receive episodes earlier and without ads or announcements! Sign up here for just $8/month or $88/year (these prices increase Nov. 1) Christian Putz is an Austrian-born hedge fund manager currently based in London. His fund has outperformed benchmarks this year during one of the more unpredictable periods in recent memory. Behind this success is an understanding and appreciation of the big-picture macro environment. Only when that is taken into account does the fund look at individual stocks. Right now the macro picture is mostly benign with the U.S. election looming. Many sectors remain strong. There are buying opportunities brewing, especially in the oil and gas industry. Content (Spotify users can skip to the segment directly by clicking on the timestamp) The macro picture versus individual stocks and where things stand right now (7:28); Economically, things look rather benign. Buying opportunities may abound in the energy industry especially (13:09); Risks "are more to the upside," with steepening yield curve. This may bode well for the financial sector (16:05); Recent months have seen a rebound in copper prices. That may be overdone. There is a bear market case to be made post election (18:38); Background on the guest (22:39); The fund's current portfolio allocation (32:10); The benefits of utilities right now (33:42); For more information on the guest: Website: ARRinvestments.com LinkedIn Not intended as investment advice.
57 minutes | 3 months ago
James Altucher and Where (Not) to Invest Ahead of the Election -- And Beyond
Support this podcast by signing up to become a premium subscriber here. Get access to podcast episodes days before they are released to the general public and without any ads or announcements. James Altucher needs to introduction. For several decades he has been an outspoken contrarian on matters ranging from investing to politics, society, entrepreneurialism, and all points in between. We planned to limit this conversation to investing. That didn't happen. Instead Altucher spoke on a wide range of issues -- including investing -- and introduced some items that he hadn't discussed before publicly. If you do want to skip to the investing content, it starts at (20:26). Content Segments (Spotify users can click on the timestamp to link to the segment directly) We start with a discussion of Altucher's recent controversial articles, about the death of New York and why he's not voting in next month's election (4:21); "Why should I have to choose between two different crime families?" (8:57); Still, there should be a good turnout this year. Altucher does not expect anybody to follow his lead in not voting -- and is not suggesting they do, anyway (12:57); Who he thinks is going to win the election, and why (19:41); Views on markets at present (20:26); The worst-case scenario for the election and beyond (24:23); Muni bonds and closed-end funds: sound boring, but there are opportunities (27:32); Additional background on the guest. What were the major turning points in his life and his career? (33:18); Warren Buffett, the OG of investing (39:45); What are the growth areas he is excited about today? (42:14); What to look for, and what to avoid, when it comes to "fallen angels" (46:24); His upcoming projects, including a new company that facilitates video and audio streaming, and podcasting (50:35); Altucher remains in NYC, despite what media might have reported (53:15) For More Information on the Guest: Website: JamesAltucher.com Twitter: @JAltucher LinkedIn
47 minutes | 3 months ago
The Real 'Melt-Up Is Still Ahead of Us': David Hunter
This episode was recorded Sept. 30 and released to premium subscribers on Oct. 1. Become a premium subscriber for just $8/month or $88/year. David Hunter of Contrarian Macro Advisors rejoins the podcast to update listeners on his vision of a "parabolic melt-up" in risk assets that will presage the next market crash. What we've seen since late March was not the real melt-up, Hunter says. Most of the gains are still ahead, in fact the coming months should see the final (and most dramatic) period of the rally. Then things get ugly. Content (Spotify users can click on the timestamp to link to the segment directly): What we saw in September was a "fake out sell off". We will regroup and see the real meltup later this year (3:25); The target for the S&P 500 is still as high as 4,500. The NASDAQ could go as high as 15,000. The final move into the secular top should begin this month and will continue through the election and quite possibly beyond (4:15); A new stimulus package by the U.S. Congress may be the catalyst that extinguishes all the bearishness currently seen in the market (6:11); The election and its aftermath surely pose a risk. What about the coronavirus? (8:49); The Fed could resume stimulus measures as well. Indeed, Powell & Co may have already started (15:11); After the melt-up there will be a crash that will be very ugly indeed (17:35); A Fed policy misstep will likely be the cause (19:04); No, a Biden administration will not likely lead to a new Fed chairman. The crash will unleash additional stimulus and loosening measures by the Fed -- another overreaction -- in the second half of 2021 that will eventually lead to inflation, though not until about 2023 (23:43); "This is a call people are going to want to lock me up for...I think you will see potentially a full retrace of the last 40 years of declining inflation and interest rates" (28:45); This inflation cycle will result in commodity prices "you can't imagine:" $10,000 gold, $15 copper, $300/barrel oil (29:52); Ultimately you may see "a collapse of the entire system" that will make the 1930s "look like a picnic." (38:14) Find out about David Hunter's newsletter by following him on Twitter @DaveHContrarian and sending him a direct message. Not intended as investment advice.
35 minutes | 4 months ago
Finding Next Generation Growth Stocks, With Liz Hall
Become a premium subscriber today for just $8 per month or $88/year. Get early access to podcasts, bonus episodes, transcripts, locked groups on our Slack channel and Discord server, and a whole lot more: Contrarian.Supercast.Tech Liz Hall, well known on the Twittersphere as @LizQuidity, joins the podcast to discuss some of her methods for locating the next generation of growth stocks. Hall doesn't have an investment process per se. She lets investment ideas find her by exploring niche interest and going down "rabbit holes" on YouTube and Reddit. Content (Spotify users can link to the segment directly by clicking on the timestamp) How to let the investment idea "come to you" by locating niche areas of interest at their source (2:38); One example from earlier this year: Games Workshop Group (GMWKF), publisher of the Warhammer game (4:34); Some more on her research methods (10:48); What led her to Nintendo (13:16); Background on the guest (17:22); Brief discussion of Tesla (TSLA) and Nikola (NKLA) (23:32). For more on Hall's research process, visit her website LizardBrain.Substack.com Not intended as investment advice.
43 minutes | 4 months ago
Economic Growth Prospects Are Better Than Advertised
Alex Chausovsky of ITR Economics joins the podcast to discuss his view that economic recovery in the U.S. is on firmer footing than widely believed. Content (Spotify users can link to the segment directly by clicking on the timestamp) Downside risks do exist. Flu season is approaching but the data is painting a more encouraging picture (3:37); The top leading indicators are predicting a business cycle rise in 2021, led by the consumer (6:17); Employment is a lagging indicator. Other metrics are more telling about the economy's future prospects (9:53); The election and how that might impact things (11:50); Background on the guest (18:31); The prospects for commercial real estate. Is the office doomed? (30:34) Current opportunities: Look to the defense sector and export-intensive industries in the U.S. (34:44); For more information on the guest: Twitter: @achausovsky Website: ITReconomics.com Reminder: Become a premium subscriber for just $8/month. Details here
32 minutes | 4 months ago
The 'Weird Portfolio': Adding Gold and Real Estate to Traditional Allocation
Value Stock Geek, well known on the Twittersphere as @ValueStockGeek, joins the podcast to discuss his concept of the "weird portfolio." This portfolio allocates to gold and real estate as well as stocks and Treasuries. The guest also revisits his prediction from his first visit to the podcast last year, when he said retail stocks were undervalued. The paper explaining this concept in more detail can be read in its entirety here. Content Segments (Spotify users can link to the segment by clicking on the timestamp): Background on constructing the "weird portfolio" (3:04); How exactly is the portfolio allocated? (5:14); Is gold still an effective disaster hedge? (8:55); The equity portion of the portfolio (14:02); What makes up the small-cap value portion? (17:04); Is there really enough diversification offered by international equities over their U.S. counterparts? (19:03); How the real estate allocation is accomplished (21:05); Revisiting the contrarian calls from last summer (27:17). Become A Premium Member Early access to podcast episodes -- released as much as a full day before it hits iTunes and other podcast software; Podcast transcripts, available immediately after episodes are published; Access to locked groups in the new Slack channel, featuring: Direct interaction with the host and selected guests; Exclusive documents from hedge funds and others; Bonus episodes; Discounts on Virtual Events and subscriptions from our partners; NEW: 25% off a ValueWalk Premium subscription A Contrarian Investor Podcast mug, as a thank-you for signing up. All this and more. Sign up now for just $8/month or $88/year: Contrarian.Supercast.Tech
48 minutes | 5 months ago
John Kay on Radical Uncertainty
University of Oxford economist John Kay joins the podcast to discuss his recent book, "Radical Uncertainty" and its lessons for financial markets in the age of COVID-19. Content (Spotify users can skip to the segment by clicking on the timestamp): The premise for the book: Frank Knight, Milton Friedman and the pendelum of probabilistic reasoning (1:20); It is "almost impossible to overstate" the influence of efficient market reasoning on economic and financial market models (4:02); Radical uncertainty: There is a great deal of information that cannot be realistically thought about probabilistically. Enter COVID-19 (8:20); What's an investor to do with this information? (10:15); Financial modeling has conflated risk, uncertainty, and volatility. They aren't the same thing (12:53); Time horizons and the importance of imagination. Humans are natural story tellers. This is more important than pure maths (20:24); Where does real estate fit? (25:25); Background on the guest (30:28); What is the market getting wrong right now? (34:37); Short discussion of the U.S. election (41:04). More Information on the Guest Website: JohnKay.com Twitter: @ProfJohnKay Book: Radical Uncertainty: Decision-making for an unknowable future (also available on Amazon). Not intended as investment advice.
32 minutes | 5 months ago
Pulling Back the Curtain on Emerging Markets Distressed Debt
Genna Lozovsky of Sandglass Capital Management joins the podcast to discuss investing in emerging markets distressed debt and credit. Sandglass Capital invests in sovereign and corporate credit across global EM, typically seeking to be a liquidity provider "at prices that we think significantly underestimate the recovery potential of those assets." Highlights (Spotify users can skip to the segment directly by clicking on the timestamp): Short background on emerging markets and how we arrived at the current situation (2:03); What to look for in terms of entry points for investments (4:53); The fund's involvement in Argentina (10:00); Where is Sandglass looking to invest now? (15:05); Background on the guest (20:32); Investing in local currency versus USD-denominated paper (22:55); What kind of information does a fund like this look for? (26:07); What's the typical holding period for these investments? (29:05); Additional Information on the Guest Website: SandglassCapital.com; LinkedIn page; Not intended as investment advice.
55 minutes | 5 months ago
Math and Algorithms: Overrated When it Comes to Investing
Eric Chung, chief investment officer of Lighthaven Capital Management, joins the podcast to discuss his view that math, financial models, and algorithms are insufficient when it comes to investing. "The widespread use of math in the investment management industry, while it can be helpful ... I think there's been some pretty significant overreliance on these things," says Chung. Content Highlights (Spotify users can skip to the segment by clicking on the timestamp): The example of Long Term Capital Management and how it got him to take notice (2:41); Not enough has been written about the fallacy risk parity (13:59); Background on the guest (24:36); Lighthaven Capital's investing strategy (28:30); Chung's decision to de-risk the portfolio in Q1 (31:49); The "external, exogenous factors" that go into his risk models (34:59); A Joseph Biden presidency and what it could mean for markets (37:39); What is the market getting wrong right now? (39:05); Contrarian opinion on the potential Biden administration's stance toward China (46:42); Reasons for optimism (49:49). More Information on the Guest: Website: LightHavenCapital.com Video about CV-19 that was trending on LinkedIn: Twitter: @LighthavenFund Eric Chung on LinkedIn YouTube channel Not intended as investment advice.
56 minutes | 6 months ago
The COVID Disconnect And The Coming 'Melt Up' In Markets
The evolution of media has led to a "disconnect" between the reality of coronavirus and public perception of the pandemic, according to Enrique Abeyta of Empire Financial Research. "We are on the precipice of COVID almost being over, or functionally as a major impact on society, mortality, etc.," says Abeyta. This, along with unprecedented liquidity injections by the Federal Reserve, will lead to a melt-up in global financial markets. Highlights (Spotify users can link to the segment directly by clicking on the timestamp) The disconnect in popular political and economic analysis and the actual situation with COVID in the U.S. (4:38); Look at the numbers in aggregate; they are clearly declining (8:52); The war on COVID is almost over and the coronavirus could effectively be over "in six weeks" (12:52); What does all this mean for investors? Look at gyms and movie theaters (16:07); A simple options strategy to play the coming melt-up that looks a lot like 1999 (18:07); Three contrarian views and why the coming melt-up will be the best investing and trading environment in a generation (24:48); Background on the guest (27:33); How do you get your ideas? (39:28); The "V-word" and why it doesn't matter and doesn't work (41:10); The case for Match.com (42:48); "Shorting sucks" (45:04); Asset management is a religion (49:21); Short discussion of risks (51:12). More Information on the Guest Website: EmpireFinancialResearch.com; Twitter: @EnriqueAbeyta. Not intended as investment advice.
37 minutes | 6 months ago
Time to Build a Position in Semiconductor Manufacturers?
Siddarth Singhai of Ironhold Capital joins the podcast to discuss his views of semiconductor manufacturers and auto parts suppliers. He also shares his bullish views on industry sectors in his native India. Content Segments (Spotify users can click on the timestamp to link to the section directly): Singhai's look at the macro situation with COVID (3:27); The cyclical nature of the semiconductor industry (5:59); Long-term prospects are "fantastic," and the macroeconomic environment should allow for the opportunity to build positions (8:06); Electrical cars will provide a tailwind to auto manufacturers (10:40); Background on the guest (13:52); The most profitable industry in India (17:19); Favorite ideas in semiconductor suppliers (27:04); Favorite ideas in automotive suppliers (32:14). More Information on the Guest: Ironhold Capital is a value-based hedge fund in New York focused on leveraging both the Indian and U.S. markets. Its priority is to preserve capital, which is accomplished by buying high quality businesses with no leverage for cheap, followed by layers of risk management. Website: IronholdCapital.com YouTube Channel: Leaders in Business and Investing Podcast: via Spotify and Apple Podcasts Not intended as investment advice.
37 minutes | 7 months ago
Prepare for the 'L-Shaped' Recovery: David Neuhauser, Livermore Partners
David Neuhauser of Livermore Partners joins the podcast to discuss his expectation of a "L-shaped" economic recovery and corresponding sideways market activity in the years to come. There are still opportunities for investors. Here Neuhauser is bullish on certain companies tied to hard assets like oil and copper. Content (Spotify listeners can click on the timestamp to link to the section directly) The "best days" of the market rally have likely passed (3:00), expect more rangebound markets in the short run (4:24); What this period of low growth means for markets in the medium term (8:16); What it means to be a contrarian today (9:39); Background on the guest (12:11); How he spends his time in terms of activist situations (17:40); More specifics on opportunities in energy markets. Hint: it's not in shale (20:31); Concerns about the demand picture? (24:09); There will be a "massive reset" in markets and fundamentals will take hold, causing "further grinding" to the downside, especially amid high-priced securities (26:45); Neuhauser's process for finding opportunities (27:46). For more information on the guest: Website: LivermorePartners.com Twitter: @LivermoreOps Video of presentation at Contrarian Investor Virtual Conference No. 2 Not intended as investment advice.
32 minutes | 7 months ago
The Case for Investing in Sports Teams, With Jonathan Boyar
Jonathan Boyar, principal at Boyar Value Group, joins the podcast to discuss the merits of investing in the public equity of professional sports teams. Boyar is specifically bullish on the Liberty Braves Group (NASDAQ: BATRA), a tracking stock that consists of the Atlanta Braves Major League Baseball team and real estate development. Content Segments (Spotify users can click on the timestamp to link to the segment directly): Sports teams as investments and two that have the guest's attention at present (3:34); Liberty Braves discussion (5:50); Why now? "You're at a point of maximum pessimism," with MLB specifically (8:24); The opportunity brought by sports gambling (14:06); Background on the guest (16:38); The Boyar Value Group's investing style (19:15) and recent purchase of Twitter (20:50); The makeup of the firm's portfolio and how it deviates from the S&P 500 (24:22); The opportunity with Hanesbrands (26:40). For more information on the guest: Website: BoyarValueGroup.com Twitter: @BoyarValue Video of presentation at Contrarian Investor Virtual Conference No. 2 Not intended as investment advice.
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