Compounders Podcast

Learning from Markets in Chaos with Brendan Hughes, Author of "Markets in Chaos" and Investment Advisor at Lafayette Investments

My guest on the show today is author and investor, Brendan Hughes. Brendan wrote a very interesting book entitled Markets in Chaos where he analyzed various boom-and-bust cycles that have happened over history. Brendan is also on the investment team at Lafayette Investments, a Maryland-based RIA. In this wide-ranging discussion, we covered:

• The major lessons he learned from writing Markets in Chaos
• Lafayette’s approach to security selection;
• How he and his firm define a quality company;
• Similarities and differences between today and the 1970s US energy crisis; and
• Why he has a strong distaste for the value and growth labels that get placed on investment strategies

For more information about Lafayette Investments, please visit: https://www.lafayetteinvestments.com/

"Markets in Chaos" on Amazon: https://www.amazon.com/Markets-Chaos-History-Market-Crises/dp/1637425147

Listen to all Compounders Podcast episodes on either Apple or Spotify

iTunes: https://apple.co/3xlUvPY

Spotify: https://spoti.fi/3jxkxLl

All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Bringing Institutional Quality Service to Wealthy Families with Chet Rastogi, Partner and Portfolio Manager of Heron Bay Capital Management

My guest on the show today is Chet Rastogi, Partner and Portfolio Manager of Heron Bay Capital Management. Chet is a seasoned investor who helps the firm run both its discretionary and systematic strategies. In this interesting conversation, we discussed:

• Heron Bay’s definition of a quality company;
• What it means to be a good steward of clients’ capital;
• Why the firm employs both discretionary and systematic strategies;
• How he thinks about concentration in both types of strategies; and
• The case for continuing to run a microcap strategy

For more information about Heron Bay Capital Management, please visit: https://www.heronbaycap.com/

Listen to all Compounders Podcast episodes on either Apple or Spotify

iTunes: https://apple.co/3xlUvPY

Spotify: https://spoti.fi/3jxkxLl

All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Investing with an Infinite Time Horizon with Bogumil Baranowski, Founder of Blue Infinitas Capital

My guest on the show today is Bogumil Baranowski: author, podcast host and the Founder of Blue Infinitas Capital. Many people may know Bogumil for his excellent podcast, Talking Billions. However, as I turned the microphone around on Bogumil, I was interested in learning about his investment philosophy and approach. In this in-depth conversation, we covered:

• The founding inspiration for Blue Infinitas Capital;
• What types of clients he hopes to attract to his new firm
• The types of companies Bogumil gravitates toward;
• The value he derives from writing books; and
• How you invest if you have an infinite time horizon;

For more information about Talking Billions Podcast, please visit: https://www.talkingbillions.co/

Listen to all Compounders Podcast episodes on either Apple or Spotify

iTunes: https://apple.co/3xlUvPY

Spotify: https://spoti.fi/3jxkxLl

All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Finding Value in Markets Other Investors Shun with Tom Bachrach, Principal at PFH Capital

My guest on the show today is Tom Bachrach, the Principal at PFH Capital. Tom is an eclectic investor who travels around the world looking for mispriced smaller companies, especially those in markets that a lot of other investors shy away from. He also is willing to invest in sectors that other people shun for various reasons. With all of that as background, I was looking forward to chatting with Tom about:

• The founding inspiration for PFH Capital;
• The countries and markets he tends to gravitate towards;
• What it means to seek companies with healthy financials;
• Why he is interested in investing in companies with exposure to commodities

For more information about PFH Capital, please visit: https://www.pfhcap.com/

Listen to all Compounders Podcast episodes on either Apple or Spotify

iTunes: https://apple.co/3xlUvPY

Spotify: https://spoti.fi/3jxkxLl

All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Power Laws and Public Markets with Meb Faber, Founder & CIO of Cambria Investment Management

My guest on this show today is Meb Faber, the CEO at Cambria Investment Management. Cambria manages a number of ETFs that in total have over $2 billion in AUM. Meb is also the host of an excellent podcast where he interviews people from all different corners of the investment world. I have been a listener of the podcast for years but recently realized that I knew a lot more about Meb the podcast host than I did about Cambria. Accordingly, I was interested to chat with Meb about:

• Cambria’s journey to get to over $2 billion in AUM;
• Who the target audience is for the various ETFs;
• The Trinity portfolios that Cambria offers its clients;
• What is so interesting about “shareholder yield” strategies; and
• How Cambria differentiates itself in a the now crowded ETF space

For more information about Cambria Investment Management, please visit: https://www.cambriainvestments.com/

Listen to all Compounders Podcast episodes on either Apple or Spotify

iTunes: https://apple.co/3xlUvPY

Spotify: https://spoti.fi/3jxkxLl

All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Skin in the Game within MicroCap Companies with Whit Huguley, Portfolio Manager at River Oaks Capital

My guest on the show today is Whit Huguley, the Portfolio Manager at River Oaks Capital. Whit is a microcap specialist who has been running this portfolio full time since early 2020. Whit puts together one of the most comprehensive quarterly letters I have ever seen—in many cases discussing all the companies in his portfolio. As I learned more about his process and philosophy I became curious about:

• Why he first became interested in microcaps;
• The checklist he uses to evaluate stocks;
• His rationale for investing in small banks and financials;
• Why he places so much value on traveling to meet with companies; and
• How he approaches the topic of when his companies will eventually get valued properly

For more information about River Oaks Capital, please visit: https://www.riveroaks-capital.com/

Listen to all Compounders Podcast episodes on either Apple or Spotify

iTunes: https://apple.co/3xlUvPY

Spotify: https://spoti.fi/3jxkxLl

All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Digging for Tier One Quality MicroCaps with Maj Soueidan, Founder and Editor of GeoInvesting.com

My guest on the show today is Maj Soueidan, the Co-Founder of GeoInvesting. Maj is a microcap expert who has been investing in the space for over 30 years. Maj and his team are always searching for potential multi-baggers as they perform extensive research on top-tier microcap companies. Given how out of favor microcaps are at the moment, I was curious to speak with Maj about:

• Why it has been so tough to be a microcap investor in recent years;
• What he looks for when he is assessing management teams;
• His approach to portfolio construction, especially given the illiquid nature of many microcap stocks;
• What most people misunderstand about microcaps; and
• The opportunities available in Canadian microcaps.

Maj mentioned a number of securities on this podcast. I do not own any of them. For more information about GeoInvesting, please visit: https://geoinvesting.com/

Listen to all Compounders Podcast episodes on either Apple or Spotify

iTunes: https://apple.co/3xlUvPY

Spotify: https://spoti.fi/3jxkxLl

All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

 

Evangelizing The Human Capital Factor with Scott Colson, CIO of Irrational Capital

My guest on the show today is Scott Colson, the CIO of Irrational Capital. Scott has partnered with well-known academic and author Dan Ariely to build indexes based on human capital assessment—and partner with asset managers to create ETFs--that are tied to a proprietary metric they call the Human Capital Factor. In this eye-opening discussion, we covered:

• The founding of Irrational Capital and how Scott got involved;
• The various ETFs that Irrational Capital has launched with Harbor Capital;
• What types of companies score highly when it comes to the Human Capital Factor;
• The simplicity of and alpha generating potential of using the Human Capital Factor; and
• The differences between the larger and smaller cap ETFs.

Scott mentioned a number of securities and ETFs during this podcast. I don’t own any of them. For more information about Irrational Capital, please visit: https://www.irrational.capital/

Listen to all Compounders Podcast episodes on either Apple or Spotify

iTunes: https://apple.co/3xlUvPY

Spotify: https://spoti.fi/3jxkxLl

All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Investing Behind the Tailwind of American Prosperity with Mac Sykes, Portfolio Manager of the Gabelli Financial Services Opportunities Fund

My guest on the show today is Mac Sykes, the Portfolio Manager of the Gabelli Financial Services Opportunities Fund. Mac has been with Gabelli for over 15 years and runs a portfolio that is focused on the financial services industry. We haven’t had many chances to discuss banks on this podcast. So, I was excited to speak with Mac about:

• The major tailwinds he and his team believer are supporting the companies in the portfolio;
• How technology is transforming and impacting the incumbents in the financial services industry;
• The future of Berkshire Hathaway as we approach an inevitable change in leadership;
• Portfolio construction and especially concentration; and
• How the big money centers banks are positioned to weather the next credit cycle

For more information about the Gabelli Financial Services Opportunities Fund, please visit: https://www.gabelli.com/funds/etfs/gabf

Listen to all Compounders Podcast episodes on either Apple or Spotify

iTunes: https://apple.co/3xlUvPY

Spotify: https://spoti.fi/3jxkxLl

All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.

Changing the Way Men Think About Skin Care with Jen Yu and Alex Penfold, Co-Founders of Jaxon Lane

My guests on the show today are Jen Yu and Alex Penfold, the co-founders of Jaxon Lane, a beauty and skin care company they run as a husband and wife team. I have known these two for many years and am a user of their products. Jaxon Lane is known for its Bro Mask, a product whose goal it is to make healthy facial skin more accessible to men. In this wide ranging discussion, we covered:

• The founding idea and story of Jaxon Lane;
• How Jen and Alex figured out how to navigate a brand new industry;
• The differentiation that comes from focusing on male skin care products;
• Their strategy for growing both e-commerce and brick and mortar sales; and
• Their approach to new product innovation

For more information about Jaxon Lane, please visit: https://jaxonlane.com/

Listen to all Compounders Podcast episodes on either Apple or Spotify

iTunes: https://apple.co/3xlUvPY

Spotify: https://spoti.fi/3jxkxLl

All opinions expressed by your hosts and the podcast guests are solely their own opinions and do not reflect the opinion of SNN or its affiliates. This podcast is for informational purposes only, it is not investment advice, and should not be relied upon for any investment decisions. We are not recommending the purchase or sale of any securities. The hosts and guests may be beneficial owners of the securities discussed. You should not assume that the securities discussed are or will be profitable.