A discussion of (1) persistent vs. transient pandemic effects, led by Phil Ordway; and (2) busted IPOs and post-hype sleepers, led by Elliot Turner

A discussion of: (1) Nike's surprising success with online sales: the durability of the direct-to-consumer opportunity, and what sets apart brands like Nike and Adidas from rival brands as well as top beverage brands; and (2) valuing white space vs. realized ambition: how the market disproportionately rewards earlier-stage companies; the way TAMs collide and growth gets harder as companies scale; illustrated by Dropbox vs. Slack

A discussion of (1) investing as a generalist: a manifesto, led by Elliot Turner; (2) games companies play with employee options and repurchases, led by Chris Bloomstran; (3) the golden age of fraud, led by Phil Ordway

A discussion of (1) a "blind valuation" exercise, with analysis of equity valuation based on the numbers alone; (2) an overview of the sports betting industry, including size, growth, regulation, and selected ideas; and (3) the imperative of "no" -- the luxury of patience

A discussion of (1) the long-term investment merits of Starbucks; (2) how today's stock market may or may not parallel the market of 1999; and (3) a blind valuation exercise, with analysis of two unnamed companies' key historical financial metrics

A discussion of (1) a Nick Sleep quote on habits; (2) brokerage sweep options and how they have changed to the detriment of the small investor; and (3) an update on Charlie Munger’s The Psychology of Human Misjudgment

Larry Cunningham and Phil Ordway discuss corporate governance (best and worst practices); capital allocation; insider incentives; indexers, transients, and quality shareholders; why quality shareholders add value; and how companies can deserve quality shareholders

A discussion of (1) the intersection of position management and research (led by Elliot Turner); (2) a preview of Larry Cunningham's guest appearance next week (led by Phil Ordway); and (3) a recap of Berkshire Hathaway's Q2 earnings report (led by Chris Bloomstran)

A discussion of (1) insurance company earnings, COVID losses, and a preview of Berkshire Hathaway's Q2 earnings report, led by Chris Bloomstran of Semper Augustus; and (2) Apple's stock split announcement and what it means for corporate governance, led by Phil Ordway of Anabatic Investment Partners

In this episode, John Mihaljevic of MOI Global hosts a discussion on three topics: corporate governance and capital allocation, led by Phil Ordway of Anabatic Investment Partners; housing and the business cycle, led by Elliot Turner of RGA Investment Advisors; and gold and gold miners as potential investments, led by Chris Bloomstran of Semper Augustus.