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.
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.
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.
Hedge fund portfolio manager Chris Nicholson joins the podcast to discuss his outlook on volatility, interest rates, and other markets. Forecasting these assets has become increasingly problematic in recent years, but there are a few thing Nicholson looks to in an effort to identify opportunities for arbitrage. Content (Spotify listeners can skip to the segment directly by clicking on the timestamp): U.S. equity prices are determined largely by two axes (3:40); Inflation expectations have been, well, inflated. This speaks for the relative value of certain bonds (7:03); What drives inflation anyway? (11:38); Where to look in currencies (19:05); Nicholson's Number One recommendation for investors: take the cheap borrow. Where to put it is the question (21:40); Sometimes being contrarian is not the smart move. This may be one of those times, at least in FX markets (23:38); China and the yuan versus the Japanese yen (29:24); Equity markets in the U.S. and Japan (33:06); The portfolio manager's concern about a second wave of COVID (35:40); Other issues that could be catalysts in 2020 (40:39); How to trade these views (46:18); For more information on the guest: Twitter: @2Christopher LinkedIn: ChrisNicholson Not intended as investment advice