The Enduring Appeal of Smaller Cap Stocks with Vishal Mishra and Michael Demaray of Bard Associates
My guests on the show are Michael Demaray and Vishal Mishra of Bard Associates, a boutique wealth management firm that has been in business since the 1980s. Michael and Vishal are true value investors who like to look in places other investors neglect. Specifically, Bard invests in a space that is near and dear to my heart: US microcap stocks. In this informative conversation, we discussed:
The strategies that Bard runs today for its clients;
The firm’s long history of investing in small companies;
Why some microcap stock prices are so volatile;
The common characteristics of a core Bard holding; and
The firm’s approach to interacting with company management.
Please see Bard's website for more information: https://www.bardassociatesinc.com/
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59:42
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59:42
Building the Best PE-Focused Executive Search Firm With Alex Rawlings of Raw Selection
My guest on this episode is Alex Rawlings, the Founder and Managing Partner of Raw Selection, an executive search firm that specializes in finding talent for PE firms and their portfolio companies. He is also the host of an excellent show called The Private Equity Podcast, which I was fortunate enough to be a guest on. In this informative conversation, we covered:
• The founding inspiration for Raw Selection;
• The opportunity Alex saw to differentiate Raw Selection from other exec search firms;
• The evolution of the talent recruitment industry that is focused on PE firms;
• Common mistakes PE firms make when hiring execs for portfolio companies; and
• How Raw Selection has developed an expertise in sourcing execs in the white hot HVAC space.
To learn more, please visit Alex's LinkedIn page: https://www.linkedin.com/in/alexrawlings/
Also, here is the link to Alex's upcoming book: https://www.raw-selection.com/how-to-hire/
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59:52
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59:52
The Next Institutional Grade Commercial Real Estate Asset Class with Cody Payne of Colliers International
My guest on this episode is Cody Payne, an SVP at Colliers and an expert on what is an emerging asset class within real estate, flex industrial. This is a little bit of a different podcast where we dive into this corner of the commercial real estate market and discuss why Cody thinks it could become a real institutional asset class. In this informative discussion, we covered:
What flex industrial space consists of;
The degree of institutional interest in the space today;
The positive attributes Cody thinks flex industrial space offer investors;
Current supply-demand dynamics in the market; and
The book that Cody and his team wrote about flex industrial real estate.
Please see Cody's LinkedIn page to learn more about him.
Here is the link to the book that Cody and his team wrote on this asset class: Flex Space Domination
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59:09
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59:09
Hunting for Supernatural Compounders with Andrew Hollingworth of HollAnd Advisors
Our guest on the show this week was Andrew Hollingworth, the Portfolio Manager at HollAnd Advisors. Andrew has an eclectic background and, like many of previous guests, has centered his investment strategy around the search for compounders. In this informative conversation, we covered:
How Andrew developed the investment philosophy he is employing today;
Why he likes to invest behind owner-managers;
His definition of a supernatural compounder;
His contrarian stance on Biglari Holdings; and
Why he is OK investing behind executives that other investors dislike
To learn more, please visit Andrew's LinkedIn page and the HollAnd Advisors website.
Thanks for listening.
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1:00:11
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1:00:11
Investing in Dislocations with Andy Kurita of Kettle Hill Capital Management
My guest on the show today is Andy Kurita, the Portfolio Manager at Kettle Hill Capital Management. Andy has a track record in long-short investing in small cap US equities that goes back to the early 2000s. We haven’t had many managers who actively short on the podcast and I was curious to hear from Andy about:
How Kettle Hill is differentiated versus other hedge funds;
What he thinks about the small cap investing landscape today;
The difference between a stock that fits in the long book versus in the short book;
What it has been like to be a short investor in recent years; and
How he thinks about concentration and risk management.
Welcome to the Compounders Podcast. On this show, Host and Investor, Ben Claremon, will explore the topic of compounding from various angles, including through interviews with public and private company executives, investors who focus on compounders, and newer investment firms that are building a business they hope will become more valuable over time.
Brasil