@ChasingTheVig: What Actually Drives Stock Performance?

Hey Guys! This week we return to the anonymous Twitter pool and today our guest is @chasingthevig. We discussed what really matters the most when investing in stock, the arrogance of conviction, his investment journey, what are thesis breakers , why the Industrials and Materials industries are his favorite and some special situations, his ideal longs and ideal shorts.the arrogance of conviction

[0:00] What Matters Most when Investing in Stocks?

[5:00] @chasingthevig’s Research Process

[9:30] Covid Winners: What happened?

[12:30] Arrogance of Conviction: Do you need conviction?

[21:00] What are Thesis Breakers

[27:00] @chasingthevig’s Financial Journey

[31:00] Ideal Longs

[34:04] Ideal Shorts

[38:00] @chasingthevig’s Current Ideas

[45:34] Estimating Exit Multiples

[51:30] @chasingthevig’s Favorite Industries: Industrials and Materials

[57:00] Variant Thesis: Micro Caps are not good Investments

[1:03:00] More from @chasingthevig and Closing Questions

Finally, a big thanks to the following sponsors for making the podcast a reality.

Mitimco

This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.

For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more!

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