George Livadas is the portfolio manager of Upslope Capital Management, a concentrated, long/short equity fund focused on US midcaps and other global developed markets. He also has prior experience at BMO, Citi, and SCB Global. He obtained an MBA at the University of Chicago and did undergraduate work at Georgetown. Links: * Upslope Capital: https://www.upslopecapital.com/ * George’s Twitter feed: https://twitter.com/UpslopeCapital Disclaimer Nothing on this podcast is investment advice.The...

Andrew Beer is a managing member at DBi, (formerly Dynamic Beta Investments), which manages ETFs and mutual funds that seek to outperform hedge funds with low fees, daily liquidity, and total transparency. Their two ETF’s – DBMF & DBEH bring alternative strategies to public, liquid markets in ETF format with comparatively low fees. He has nearly 30 years of experience in the hedge fund industry and previously worked at the Baupost Group with Seth Klarman. Links * DBMF -...

Maj Soueidan is a full time investor with over 30 years of experience. 15 years ago, he founded his firm, Geoinvesting. This is all noteworthy because he has survived through many market environments in the last few decades. He hunts in the arena of the market that is ignored by Wall Street: microcaps. Links: * Geo Investing: https://geoinvesting.com/ * Maj’s Twitter feed: https://twitter.com/majgeoinvesting Disclaimer Nothing on this podcast is investment advice.The information in this...

Doug Boneparth is a financial planner and the founder of Bone Fide Wealth. He focuses his practice on the Millennial demographic. He’s a very funny presence of Twitter, often tweeting out hilarious observations. He also has a substack, called This is the Top. Doug & his wife Heather also operate a blog called the Joint Account where they help couples talk about money. Links * Doug’s Twitter Feed: https://twitter.com/dougboneparth * The Millennial Money Fix, by Heather & Doug...

This is a discussion about the book, Routines and Orgies: The Life of Peter Cundill, Financial Genius, Philosopher, and Philanthropist by Christopher Risso-Gill. I discussed the book with Nelson, also known as The Canadian Dividend Investor. Nelson is a returning guest to the podcast and I thought he would be an ideal person to discuss this book with. Peter Cundill was a value investor who achieved a 15% rate of return from 1974 to 2010. This was a period of time when the US stock market...

Jared Dillian served in the Coast Guard, worked as a trader at Lehman Brothers, and writes the Daily Dirtnap newsletter. He’s also a DJ and a prolific author. His published books include Street Freak, an account of his time at Lehman Brothers and a novel called All the Evil of This World. He also wrote a collection of essays, Those Bastards (in reference to a quote from Dick Fuld, CEO of Lehman) which I highly recommend. I just finished it and it made me think deeply about a variety of...

Today’s episode is a Q&A, ask-me-anything style podcast. I reached out to subscribers of the website to see if they have any questions. This episode covers a lot of ground and many different topics. If you have any questions, feel free to email me at [email protected]. If you would like to subscribe to my website (there is a free tier), go to www.securityanalysis.org. You will receive updates every time I post an article or release a podcast episode. Disclaimer Nothing on this...

Phil Bak is the CEO of Armada ETFs, a REIT-specialized asset manager. He has wide ranging experience in the ETF business, including time spent as a managing director of the New York Stock Exchange.  He is also very active on Twitter and operates a Substack blog. Links * Armada ETF’s: https://www.armadaetfs.com/ * Phil’s Twitter Feed: https://twitter.com/philbak1 * Phil’s substack: Disclaimer Nothing on this podcast is investment advice.The information in this podcast is for information and...

Tobias Carlisle is a returning guest to the podcast for a discussion about the state of the market and value investing. Tobias has written some of my favorite books on investing: * Quantitative Value * Deep Value * Concentrated Investing * The Acquirer’s Multiple Tobias is also the manager of two ETF’s: ZIG and DEEP which employ his deep value strategy. Links * Check out the first episode of this podcast with Tobias: * His Twitter feed: https://twitter.com/Greenbackd * The Acquirers Podcast:...

Todd Wenning is a professional investor and writer. He publishes the Flyover Stocks newsletter, which focuses on finding high quality businesses with economic moats and great shareholder friendly management. He has extensive writing experience through various blogs, the CFA institute, and the Motley Fool. He notably worked at Morningstar where he covered a variety of different companies, industries, and sectors. He is also a CFA charter holder. He is very much a Buffett style investor with...

Christian Ryther is a value investor and ultramarathoner who manages money via Curreen Capital. Curreen Capital seeks out ‘ugly duckling’ stocks – companies that are misunderstood, underappreciated, and cast aside but the reality is that they are high quality companies. Links * Curreen Capital - http://www.curreencapital.com/ * Christian’s Twitter feed: https://twitter.com/CurreenCR * Christian’s Youtube channel, featuring a variety of different discussions about value investing topics:...

Ethan Tucker works in commercial real estate and runs a family investment office in Baltimore. He blogs at thegarpinvestor.com. His focus is on high quality companies. Links: * The GARP Investor blog: https://thegarpinvestor.com/ * Ethan’s Twitter feed: https://twitter.com/thegarpinvestor Disclaimer Nothing on this podcast is investment advice.The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any...

Edwin Dorsey started the Bear Cave substack account in 2020 when he was still in college at Stanford. The Bear Cave features excellent analysis of potential short candidates. Edwin performs deep dives into troubled companies. His work has resulted in his site becoming wildly popular, with over 50,000 subscribers and is frequently featured on Bloomberg business alerts. I’m a long only investor, but I frequently take a look at Edwin’s website to see if he’s tagged anything I’m considering...

Hunter is an anonymous financial writer who writes the Lewis Enterprises substack. By day, he is an investment professional who focuses on real assets, private equity, and other alternative investments. He is very active on Twitter and his substack. On his substack, he chronicles his views about alternative investments and the increasing financialization of the American economy. Links * Hunter’s Twitter feed: https://twitter.com/rhunterh/ * Hunter’s substack: Disclaimer Nothing on this...

Eric Balchunas is the Senior ETF analyst at Bloomberg, where he extensively chronicles the ETF revolution. You’ll frequently see him on Bloomberg talking about the latest ETF news. He’s the host of the Trillions podcast, which has a focus on ETFs. Eric is the author of an amazing book, the Bogle Effect, which chronicles the story of Jack Bogle, the growth of passive low-cost investing and ETFs, and how this legacy continues to impact investors. Links * Eric Balchunas commentary at Bloomberg...

Jeremy Schwartz is the Global Chief Investment Officer of Wisdomtree. Wisdomtree is a firm that creates some extremely interesting and useful ETFs & strategies with $93 billion under management. Jeremy has been with Wisdomtree since 2005 in a variety of different roles. He has worked with the legendary Jeremy Siegel, author of stocks for the long run, for over 20 years. Links * Wisdomtree Funds. https://www.wisdomtree.com/ * Jeremy’s blog....

Ryan Kirlin is the President of Alpha Architect. Alpha Architect is a firm filled with top notch geniuses and researchers who produce a tremendous quantity of valuable investing research. Additionally, they are at the leading edge of an ETF revolution and produce many unique and highly useful ETFs. Ryan is an expert in ETFs and previously worked for the NYSE ETF group, where he was responsible for launching 650 ETFs. He also had past roles at RevenueShares ETFs. Ryan is a graduate of Fordham...

Michael Mitchell is a former hedge fund partner with over 15 years of public markets investing experience. He worked with special situations, activism, and event driven long/short trades. He retired from the hedge fund world in 2019 and shares investment thoughts and ideas on Twitter under his handle, @ignorenarrative. Currently, he runs Children’s Eye Care of Northern Colorado with his wife, an ophthalmologist. He also serves on a number of corporate boards and is a father of...

Jack Burns is a graduate of the US Naval Academy and served seven years as an officer in the Marines. He left active duty in 2021 and pursued an MBA at Georgetown. He has a very interesting substack where he posts about financial topics that interest him. He also assembled a very fascinating version of an all-weather portfolio. His allocations include advanced strategies such as managed futures, leverage, and trend following. * Twitter feed: https://twitter.com/jack_burns25 * His substack:...

Geoff is a wealth manager who has spent decades in the financial industry in various capacities, seeing the good, the bad, and the ugly. I recently read his book, Low Risk Rules, which is a manifesto outlining his approach. The book is geared to entrepreneurs investing significant sums of money, family offices, and investment professionals. High level, Geoff thinks that these folks make investing too complex, preferring odd, elaborate, and expensive schemes over liquid, low risk companies....

Scott Reardon is a value investor who runs Dakota Value Funds. They fund operates both a deep value quantitative strategy and a fundamental strategy focusing on buying high quality businesses at strong valuations. Additionally, Scott is a bestselling novelist who wrote the Dark Continent thriller series and Bonfire of the Beast. In this conversation, we talk about the nuances and limitations of quantitative vs. fundamental approaches to value investing. We also discuss Scott’s study of great...

Today’s conversation is with @TheGladiatorHC who is an Australian who has achieved financial independence via real estate and microcap investing. He focuses on the Australian microcap market and owns rental properties. His Twitter account is at https://twitter.com/TheGladiatorHC Disclaimer Nothing on this podcast is investment advice.The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial...

Jake Taylor is a very thoughtful value investor who manages money via Farnam Street Investments. He is a co-host of an excellent podcast, Value After Hours, which premieres live every Tuesday at 1:30 PM EST. He wrote a fiction book, The Rebel Allocator, which teaches the principles of capital allocation through an engaging fictional story. He also recently founded a company, Journalytic, which is an investment journal app designed to improve the process of investors. Links * Farnam Street...

Evan Bleker invests in classic Benjamin Graham style net-net’s. Net-net’s are companies that trade below liquidation value with a cash-rich balance sheet. These companies are not typically available in the US large cap space outside of major market crashes. Due to this, Evan looks for these opportunities all over the world in micro & nano market caps. Evan chronicles these efforts on his website, https://www.netnethunter.com/ Links: * Net Net Hunter. https://www.netnethunter.com/ * Evan’s...

Matthew Cochrane is a Navy veteran and a detective in Florida, where he investigates violent crimes and property theft. When he isn’t cracking cases and busting the bad guys, he is a do-it-yourself investor and prolific investing blogger. Matt has a strong focus on growth-oriented companies with moats. He is currently a lead advisor at 7 investing. Prior to 7 investing, he was a writer for the Motley Fool. Our conversation covers Matt’s investing journey. We also discuss mutual stocks we...