Charles Lemonides, founder and CIO of ValueWorks LLC, stops by The Business Brew to discuss his investment philosophy. Charles started his career as a high yield bond analyst. Over time, he gravitated towards equity. In this episode he says "I find the best investment opportunities are where you can find something that is a real growth opportunity but it is selling for a value price."
 
Today, ValueWorks LLC, tends to run portfolios with 25-30 long securities in them. Charles tries to have 15 "very, very different" bets in each portfolio. 
 
We hope you enjoy this conversation. 
 
John Hempton on <a href="https://brontecapital.blogspot.com/2017/01/when-do-you-average-down.html" target="_blank" rel="noopener noreferer">"When do you average down?"</a>
 
Detailed Show Notes:
5:15 - Best investment setups/opportunities
 
7:30 - Conceptual position sizing
 
9:40 - ValueWorks different vehicles and philosophy
 
17:45 - How Charles built his firm around a philosophy
 
20:00 - Why Rivian may be a value investment
 
28:20 - Comcast 
 
31:00 - How Charles manages different types of theses? 
 
35:00 - Where are we in a market cycle?
 
39:30 - What stocks do you want into a top?
 
44:40 - What makes Charles tick

Charles Lemonides, founder and CIO of ValueWorks LLC, stops by The Business Brew to discuss his investment philosophy. Charles started his career as a high yield bond analyst. Over time, he gravitated towards equity. In this episode he says "I find the best investment opportunities are where you can find something that is a real growth opportunity but it is selling for a value price." Today, ValueWorks LLC, tends to run portfolios with 25-30 long securities in them. Charles tries to have 15 "very, very different" bets in each portfolio. We hope you enjoy this conversation. John Hempton on "When do you average down?" Detailed Show Notes: 5:15 - Best investment setups/opportunities 7:30 - Conceptual position sizing 9:40 - ValueWorks different vehicles and philosophy 17:45 - How Charles built his firm around a philosophy 20:00 - Why Rivian may be a value investment 28:20 - Comcast 31:00 - How Charles manages different types of theses? 35:00 - Where are we in a market cycle? 39:30 - What stocks do you want into a top? 44:40 - What makes Charles tick

Charles Lemonides, founder and CIO of ValueWorks LLC, stops by The Business Brew to discuss his investment philosophy. Charles started his career as a high yield bond analyst. Over time, he gravitated towards equity. In this episode he says "I find the best investment opportunities are where you can find something that is a real growth opportunity but it is selling for a value price."
 
Today, ValueWorks LLC, tends to run portfolios with 25-30 long securities in them. Charles tries to have 15 "very, very different" bets in each portfolio. 
 
We hope you enjoy this conversation. 
 
John Hempton on <a href="https://brontecapital.blogspot.com/2017/01/when-do-you-average-down.html" rel="noopener noreferrer">"When do you average down?"</a>
 
Detailed Show Notes:
5:15 - Best investment setups/opportunities
 
7:30 - Conceptual position sizing
 
9:40 - ValueWorks different vehicles and philosophy
 
17:45 - How Charles built his firm around a philosophy
 
20:00 - Why Rivian may be a value investment
 
28:20 - Comcast 
 
31:00 - How Charles manages different types of theses? 
 
35:00 - Where are we in a market cycle?
 
39:30 - What stocks do you want into a top?
 
44:40 - What makes Charles tick

Charles Lemonides - ValueWorks

Welcome to The Business Brew

This podcast’s mission is to dig deep into the thought patterns and analysis of investors and business people. The podcast stemmed from Bill Brewster consistently feeling like he was listening to prepackaged material while listening to podcasts. Instead, he wanted long form, in depth, discussions about finance, capital allocation, and the psychology of investing/business. 

Bill is a private investor. He cohosts the podcast Value: After Hours with Tobias Carlisle and Jake Taylor. Tobias, Jake and Bill met at a Berkshire Hathaway meeting and formed a lasting friendship.  And, as it turns out, people really like the podcast. 

While Bill tries to replicate Warren Buffett and Charlie Munger’s thought processes, he is heavily influenced by Bill Miller III, Stan Druckenmiller, and others.  This podcast is his attempt to dig deeper into other investing/business philosophies and share the knowledge with the world.  

We are interested in interviewing portfolio managers, Wall Street sell side analysts, buy side analysts, private investors, owner operators, and anyone that is willing to go in depth about running a company/division.  So, if you are interested in participating please email us with the subject “Guest Appearance.”   

Disclaimer:  Bill manages a portfolio under the name of Sullimar Capital Group.  This podcast is for informational and educational purposes only.  Nothing in this podcast or on SullimarCapital.Group is investment advice.  All information in this is opinion based, potentially biased, and requires verification. 

Bill and his guests make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in these podcasts. Any assumptions, opinions and estimates expressed constitute the participant’s judgment as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions as to market conditions and there can be no guarantee that any projected outcomes will be achieved.  This podcast does not accept any liability for any direct, consequential or other loss arising from reliance on the contents of this presentation. 

This podcast series DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICIATION OF AN OFFER TO BUY ANY SECURITIES MENTIONED OR DISCUSSED. Seek the your financial, tax, legal, accounting, or other advisor’s advice before making any investment decisions.  We are not your fiduciary or advisor.

Business

Investing

Welcome to The Business Brew This podcast’s mission is to dig deep into the thought patterns and analysis of investors and business people. The podcast stemmed from Bill Brewster consistently feeling like he was listening to prepackaged material while listening to podcasts. Instead, he wanted long form, in depth, discussions about finance, capital allocation, and the psychology of investing/business. Bill is a private investor. He cohosts the podcast Value: After Hours with Tobias Carlisle and Jake Taylor. Tobias, Jake and Bill met at a Berkshire Hathaway meeting and formed a lasting friendship. And, as it turns out, people really like the podcast. While Bill tries to replicate Warren Buffett and Charlie Munger’s thought processes, he is heavily influenced by Bill Miller III, Stan Druckenmiller, and others. This podcast is his attempt to dig deeper into other investing/business philosophies and share the knowledge with the world. We are interested in interviewing portfolio managers, Wall Street sell side analysts, buy side analysts, private investors, owner operators, and anyone that is willing to go in depth about running a company/division. So, if you are interested in participating please email us with the subject “Guest Appearance.” Disclaimer: Bill manages a portfolio under the name of Sullimar Capital Group. This podcast is for informational and educational purposes only. Nothing in this podcast or on SullimarCapital.Group is investment advice. All information in this is opinion based, potentially biased, and requires verification. Bill and his guests make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness or reasonableness of the information contained in these podcasts. Any assumptions, opinions and estimates expressed constitute the participant’s judgment as of the date thereof and are subject to change without notice. Any projections contained in the information are based on a number of assumptions as to market conditions and there can be no guarantee that any projected outcomes will be achieved. This podcast does not accept any liability for any direct, consequential or other loss arising from reliance on the contents of this presentation. This podcast series DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICIATION OF AN OFFER TO BUY ANY SECURITIES MENTIONED OR DISCUSSED. Seek the your financial, tax, legal, accounting, or other advisor’s advice before making any investment decisions. We are not your fiduciary or advisor.

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