The Intelligent Investing Podcast

#145: My Favorite Stock Idea for 2021, Why I Don't Short Stocks, and More: Q&A w/ Eric Schleien


Listen Later

Join Eric Schleien in this Q&A format as he answers questions on short positions, investment strategies, destroying your own conclusions on business and investments, and so much more. When asked about the mistakes he's made with investments and what can be learned from them, Eric expounds on what he thinks is a rear-view mirror thinking and on how he managed to lose more money to areas of omission than commission. 

Summary

While it's common for others to work on becoming large firms, Eric's unique gameplay is to stay boutique and manageable. For Eric, it's not necessarily rejecting growth. Instead, it's more about being able to hold control and balance on different elements. When you're running multiple large funds, it will reach a point where you start losing the competitive advantage by becoming too large, he explains.

In this episode, the group also brings up the relevance of Environmental and Social Trends in determining the long-term value of companies. Quoting from Brookfield Asset Management CEO Bruce Flatt, "It's not a good business to not be a good steward of the environment.", for Eric, if a business is taking steps to have an adaptable and inclusive culture – value is quickly elevated. Even though it's not the end-all-be-all, for Eric, when a business does good in proving its CSR, it helps contribute to building a competitive advantage and value in the long run.

Show Notes
  • [01:20] Podcasting is going to be bigger than radio; On Liberated Syndication/Libsyn (LSYN).
  • [06:26] How do you size your investments and know what to trim?
  • [10:38] The art form to portfolio management.
  • [14:00] On the threat inflation poses.
  • [19:50] The advantages of being a boutique firm.
  • [21:53] On not taking short positions.
  • [26:26] Has the pandemic changed investment strategies?
  • [28:22] Rear-view mirror thinking.
  • [34:05] How do you factor in ESTs on a business's long-term value?
  • [36:39] There's only so much you can control when you run large funds.
  • [42:06] When an investor insists on dividends…
  • Resources

    Principles of Power - The Art & Wisdom of Badassery Book by Eric Schleien

    About Eric Schleien

    Over the past decade, Eric has trained thousands of individuals, including board members of public companies as well as several Fortune 500 CEOs. Eric specializes in organizational culture and has become a leading authority on organizational culture in the investment industry.

    Eric has been investing for 15 years and has been using breakthrough coaching methodologies for over a decade. Eric had the insight to combine proven coaching methodologies with shareholder activism techniques to create an entirely new model for shareholder activism that was more reliable and created greater sustainable results in a rapid period of time. On average, Tribal Leadership produces a 3-5x increase in profits of culturally troubled companies within an average of 24 months or less.

    Eric currently resides in Philadelphia, PA.

    Help Out The Podcast

    If you like The Intelligent Investing Podcast, please consider leaving a rating and review on Apple Podcasts. It takes less than 30 seconds to do and makes a huge difference! You can also join the Facebook page!      

    You can subscribe to the podcast on the following platforms:

    • Apple Podcasts
  • Stitcher
  • TuneIn
  • Spotify
  • Podbean
  • iHeart Radio
  • YouTube
  • CONTACT ERIC SCHLEIEN

    Facebook  |  LinkedIn  | Twitter  | YouTube | GSCM | Instagram

    ...more
    View all episodesView all episodes
    Download on the App Store

    The Intelligent Investing PodcastBy Eric Schleien

    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    96 ratings


    More shows like The Intelligent Investing Podcast

    View all
    WEALTHTRACK by Consuelo Mack

    WEALTHTRACK

    271 Listeners

    Odd Lots by Bloomberg

    Odd Lots

    1,859 Listeners

    Insights Now by Dr. David Kelly and Gabriela Santos, J.P. Morgan Asset Management

    Insights Now

    94 Listeners

    The Meb Faber Show - Better Investing by The Idea Farm

    The Meb Faber Show - Better Investing

    933 Listeners

    Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

    Capital Allocators – Inside the Institutional Investment Industry

    792 Listeners

    Focused Compounding by Andrew Kuhn and Geoff Gannon

    Focused Compounding

    276 Listeners

    Chit Chat Stocks by Chit Chat Stocks

    Chit Chat Stocks

    194 Listeners

    The Acquirers Podcast by Tobias Carlisle

    The Acquirers Podcast

    300 Listeners

    Value Investing with Legends by Columbia Business School

    Value Investing with Legends

    210 Listeners

    Excess Returns by Excess Returns

    Excess Returns

    82 Listeners

    Yet Another Value Podcast by Andrew Walker

    Yet Another Value Podcast

    110 Listeners

    The Business Brew by Bill Brewster

    The Business Brew

    249 Listeners

    The Big Take by Bloomberg

    The Big Take

    156 Listeners

    Behind the Balance Sheet by Stephen Clapham's Podcast on Value Investing | Stockmarket Analysis | Equities

    Behind the Balance Sheet

    43 Listeners

    The Julia La Roche Show by Julia La Roche

    The Julia La Roche Show

    59 Listeners