The Business Brew

Will Thomson stops by The Business Brew to discuss his approach to real asset investing.  Will focuses on companies that happen to produce commodities and/or real assets.  That said, he is looking to exploit company/project specific opportunities rather than making commodity calls.  In this episode, he describes hi s process and explains how an investor could use publicly disclosed...

Thomas Ricketts, CFA, joins the pod to discuss his investment philosophy.  This episode focuses on an investment style that, according to Bill's perception, seeks to identify change and innovation before the market identifies it.  Bill was initially a little skeptical of doing an "innovation episode" given how the term has been used in the financial community.  However, after dilige...

Henry Reardon, aka @integrity4mkts on Twitter, joins the podcast to discuss his investment philosophy. The conversation starts by discussing his Carvana short thesis then goes into his general investing philosophy. The conversation is a bit shorter than normal but packs a punch. This episode is sponsored by  Stratosphere.io .   Stratosphere.io  is a web based terminal that has...

Jake Taylor stops by The Business Brew to discuss his new product Journalytic.  Journalytic is a software designed to help investors improve their process and decision making.  Clear thinking and decision making has been a passion of Jake’s for a very long time.  Now, he is releasing the culmination of years of hard work to us, the public, FOR FREE.  You can sign up at https://...

John McClain, CFA stops by The Business Brew for a discussion about credit. John serves as a portfolio manager for the Brandywine Global’s High Yield and Corporate Credit Strategies. In this episode John makes the case for why high yield credit is a good bet after a bad year, discusses how corporate finance departments are more professional now (vs pre GFC), talks about companies adding value by b...

Bob stops by The Business Brew to discuss his early career, what he has learned over his career, investing in cyclical businesses/industries, and his biggest investment "loser."  This conversation is filled with good lessons and we hope you enjoy. Robert Robotti is the President and Chief Investment Officer of Robotti & Company. Prior to forming Robotti & Company, Incorporated in 1983...

Cullen Roche is the Founder of Discipline Funds. Discipline Funds is a low fee financial advisory and asset management firm. Prior to establishing his own business, Mr. Roche founded his own investment partnership in 2005 after working at Merrill Lynch Global Wealth Management where he helped oversee $500MM+ in assets under management. During the the 7 years running the partnership he was able to...

Craig Moffett has covered the telecommunications industry – first as a management consultant and later as a Wall Street analyst – for more than thirty years. He has been elected to Institutional Investor Magazine’s All-American Research Team in the U.S. Telecom and/or Cable & Satellite sectors on seventeen separate occasions, including nine separate appearances as the #1 analyst in America in...

Mark started his professional work life as a consultant with Accenture, where he helped clients for 14 years. He founded his advisory business in 2005, and in 2022 joined Journey Strategic wealth through a merger of his firm with Journey. Prior to graduating from university, he was an auto mechanic, was in the auto parts industry, and spent time as a retail store manager. Mark’s focus has always b...

Matt Cochrane (@Matt_Cochrane7 on Twitter) stops by The Business Brew to discuss his investment philosophy, how it’s evolved over the past few years, Big Tech, and more. Matt is a police officer with a passion for investing. He began his investment education by studying The Motley Fool discussion boards. Bill and Matt catch up regularly and Bill always enjoys chatting with Matt. This week they dec...

This episode features Alex Morris of TSOH Investment Research.  You can find his Substack at https://substack.com/profile/10489671-the-science-of-hitting .  In this episode, Alex and Bill have a casual conversation; mostly about media and cable. Through the conversation you will hear how Alex thinks about partnering with companies and management teams for the long term.  You will al...

Daniel Needham, CFA, stops by The Business Brew for a wide ranging discussion. Daniel is a wealth of knowledge. He is president of Morningstar’s Wealth Management Solutions, which includes software and aggregation capabilities from Morningstar Office and ByAllAccounts, and the individual investor experience across Morningstar.com , and Morningstar Investment Management. After the recent acqu...

Kyle Mowery, Founder & Portfolio Manager at GrizzlyRock Capital stops by The Business Brew to discuss his investment philosophy.  Kyle is a traditional value investor that tends to focus on smaller, cyclical companies.  In this episode he talks about why he fishes in that pond, where he has found his biggest winners, how he thinks about investing, and much more.  GrizzlyRock doe...

Marc Cohodes' (@AlderLaneEggs on Twitter) LinkedIn profile describes him as the "Head Bull Fighter at Alder Lane Farm."  He is a well known short seller, but in this episode he discusses how he thinks about his long positions more than he discusses short selling.  Marc is highly entertaining, informed by deep due diligence, and is not afraid to say what is on his mind. We hope you enjoy...

Evan Tindell joins The Business Brew to discuss how his background as a poker player influences his investing philosophy, how he got started in the business, and he drops some knowledge about shorting. Bill reached out to Evan because Bill wanted to discuss position sizing and “Kelly betting,” which was the catalyst for this conversation. Please pardon some construction noise in the beginning, the...

Scott Reardon, Portfolio Manager at Dakota Value Funds, Author of The Dark Continent series and Bonfire of the Beasts, stops by The Business Brew to chat about what he learned by studying the greatest investors of all time.  Scott's work led him to focus on very favorable risk/reward scenarios.  While that might sound trite, it's hard in practice. You can read Scott's work at: Greatest investors:...

Just a quick message to let you know Bill is on vacation with his family, but episodes of the Business Brew will return in a few weeks.

Chadd Garcia hosted the The Business Brew for this conversation.   Chadd runs the Ave Maria Focused Fund, which is a non-diversified mutual fund (ticker: AVEAX).  His portfolio holding are eclectic.  Some themes you will see in there are quality and compounders.  However, several of the companies are undergoing business transformations or have advantaged bus...

Vitaliy Katsenelson stops by The Business Brew to discuss investing and his new book; Soul In The Game (see https://soulinthegame.net/).  Vitaliy is an amazing writer who discusses investing and life.  You can find his writings at https://contrarianedge.com/.  We hope you enjoy this discussion.   No detailed show notes on this one.  This episode is brought to you by&n...

Tom Morgan stops by The Business Brew for a wide-ranging conversation.  Tom is the Director of Content and Communications at The KCP Group.  His writings can be found at  https://thekcpgroup.com/insights .  Tom describes himself as a curious sherpa.  He's always looking to find interesting people and ideas.  You can find Tom at @tom_morganKCP on Tw...

William Green, best-selling author and podcast host extraordinaire, comes back to The Business Brew to have a very real conversation about life.  William's first appearance was part of the launch of Richer, Wiser, Happier, which you can find at https://www.amazon.com/s?k=richer+wiser+happier+william+green&i=audible&sprefix=richer%2Caudible%2C84&ref=nb_sb_ss_ts-doa-p_1_6 .  Th...

Jordan Noone stops by The Business Brew to discuss his experience founding Embedded Ventures and Relativity Space.  At the age of just 22 years old Jordan co-founded Relativity Space, which 3D prints rockets!  Yes, rockets.  See https://www.relativityspace.com/. Following his time at Relativity Space, Jordan co-founded Embedded Ventures, a venture capital firm. Embedd...

Cem Karsan stops by The Business Brew to discuss the lens he views markets through.  Cem's viewpoint is unique compared to many guests on this program because he looks at how options dealers are positioned and considers what flows may result from that positioning.  Many guests on this show view equity valuation as the present value of the discounted cash flows available to equi...

Amanda Agati stops by The Business Brew to discuss her investment outlook going forward. Amanda is Managing Director and Chief Investment Strategist for the PNC Financial Services Group. In this role, she oversees all investment strategy-related activities for the Institutional Asset Management, Wealth Management, and Hawthorn (ultra-high-net-worth) businesses. In addition, she leads the team that...

Description -  Sean Stannard Stockton, President and CIO of Ensemble Capital Management, stops by The Business Brew for a repeat appearance. Sean discussed his process on his first appearance (see Season 1). In this episode he discusses how he is sticking to his process and managing a portfolio in an uncertain world. Please forgive the lack of time stamps in the show notes. We will follow up...