In this insightful interview I spoke with Hedge Fund Manager of Hayden Capital, Fred Liu. We talked about his investment philosophy of "emerging compounders" and how he likes to concentrate in a few stocks. We also talk about a few of his investments including Sea Limited and AppLovin.

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Show Notes

(0:00) — Intro
(0:43) — Fred Liu's Investment Philosophy
(2:39) — Looking for Owner-Operators
(4:49) — Why Fred Liu Concentrates His Portfolio
(8:29) — Thoughts on Trimming Winners
(16:03) — Investing in Rational Capital Allocators
(19:15) — What Fred Liu Saw in Sea Limited and Shopee in 2018
(32:38) — Why Amazon Isn't Successful Globally & How Pinduoduo Took Over Alibaba
(44:49) — Why Fred Liu Exited Pinduoduo
(46:48) — Expectations With Sea Limited
(51:48) — Shopee's Strategy in Brazil Compared to Mercado Libre
(58:22) — AppLovin Investment Thesis
(1:05:07) — Expectations for AppLovin Going Forward
(1:09:15) — AppLovin's Risks
(1:11:49) — Where You Can Find Fred Liu

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/ Also see Drew Cohen's disclaimers here: https://www.drewcohenmoney.com/disclaimers

In this Dialogue episode of The Synopsis, we discuss private credit and take-aways from our Shift4, Chris Mayer and Bill Nygren interivews.

YouTube Video Links: Private Credit, Tax Implications of Selling Stock

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Show Notes

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For full access to all of our updates and in-depth research reports, become a Speedwell Member here.

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Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see Speedwell's and Drew Cohen Money's full disclaimers here: https://speedwellresearch.com/disclaimer/ https://www.drewcohenmoney.com/disclaimers

In this insightful interview I spoke with fund manager Chris Mayer. Chris is an investment fund manager and author of many books including "100 Baggers: Stocks that Return 100 to 1 and How to Find Them". In this interview we talk everything from investment philosophy and when to sell to specific stocks like Constellation Software and Copart. We hope you enjoy!

You can find a video version of this podcast on YouTube here

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Get access to all of Speedwell Research's in-depth Research Reports here.

If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to info@speedwellresearch.com

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Show Notes

(0:50) — Investment Philosophy
(1:45) — Concentration
(4:08) — Margin of Safety
(7:18) — Risk of Paying a Premium Multiple
(10:02) — Buy & Hold or Sell?
(17:33) — CSU Reinvestment Risk
(24:02) — What Stocks Excite Chris the Most
(28:26) — Is the Quality Sell-Off Justified?
(33:31) — AI Risks
(37:14) — Thoughts on Copart
(51:00) — Research Process
(1:02:44) — What Companies Will Be Impacted by AI
(1:08:52) — How Do You Have Confidence in a Buy/Sell Decision?
(1:13:05) — How Psychological Biases Affect Decision Making
(1:16:55) — The Risk of Copying Successful Investors
(1:22:03) — Why You Can Time the Market
(1:24:36) — The Investor's Odyssey

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Sign up for Speedwell's free newsletter and weekly memos here

AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here.

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Follow Us:

Twitter: @Speedwell_LLC

Threads: @speedwell_research

Email us at info@speedwellresearch.com for any questions, comments, or feedback.

-*-*-*-*-*-*-*-*-*-*-

Disclaimer

Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here: https://speedwellresearch.com/disclaimer/