James Pan is a former Hedge Fund manager who, a decade ago, returned funds to outside investors and converted his firm into a family office. If you search for CP&E Partners' letters, you will see the phenomenal performance that James has achieved, and he did it as a one-man-shop. In this interview, we discussed James' investment philosophy, investment process, current holdings, and many other things.

Books James is Ayn Rand's fan, so don't forget to read Atlas Shrugged: https://amzn.to/3sqGEel

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TIMESTAMPS

02:05 Absorbing information

03:45 Path to a Family Office

09:15 Defining Value Investing

13:30 Looking for investment ideas

15:30 First thing to see in a stock

19:30 Valuing companies

25:10 Concentrated vs Diversified portfolio

31:10 Meta

34:30 Latest investment – U-Haul

43:35 Management assessment

44:50 NOL as part of the valuation

46:20 Rolls-Royce

49:05 Writing Call Options

55:35 Investing with Dyslexia

59:15 Definition of Happiness