Value Investing: The Starvine Way

Downdrafts can make or break your career as a pro investor, and likewise as an everyday investor. In this episode, we welcome back Christopher Mayer, who most of you know as the author of 100 Baggers. I reached out to him after reading his blog post in October 2023, which was aptly published after a pronounced plunge in equity markets.  If this episode serves as a catalyst in changing one's behavior in future market and stock-specific drawdowns, then it is truly a gift that keeps on giving. Enjoy!

Interview recorded on July 11, 2024

What do you believe CEOs' primary responsibilities are and what are the key ways that they add enduring value to a corporation? 

In this episode, Dr. George Athanassakos shares his expertise in an area that has historically been overlooked by financial academia: the ability of CEOs to allocate capital and the implications on investment returns. Great CEOs tend to be great value seekers.  Listen to this insightful interview to benefit from the compelling investment lessons shared by Dr. Athanassakos.

Interview recorded on July 11, 2024

In the finale of Season 2, we spoke with Robert Bruner, the co-author of “The Panic of 1907: Lessons Learned from the Market’s Perfect Storm”. It is important as investors to study business history and the lessons it has to offer. Mr. Bruner identifies the causes of past financial crises and offers insights into how the everyday investor can prepare for difficult times.

The second edition of The Panic of 1907, which will be released on March 8, 2023, can be purchased from the Wiley website. Mr. Bruner's blog is also very much worth perusing.

Listen to the full episode on: Apple Podcasts: https://podcasts.apple.com/us/podcast/value-investing-the-starvine-way/id1528075267…

Spotify: https://open.spotify.com/show/1D96SAh5n7lQhWpLP6X6ef… YouTube: https://youtube.com/@starvinecapital382/videos…

Moneyball is a parallel universe with value investing. What lessons can we learn from the book and movie? Listen to find out.

The 2015 memo, "Moneyball: How is Baseball Related to Value Investing?" can be accessed with this link:  https://starvinecapital.com/wp-content/uploads/2017/07/Memo-Moneyball-and-Investing.pdf

It seems straightforward enough to know when to buy a stock, but knowing when to sell almost always poses a tougher challenge. Should we sell every time a holding's price significantly increases? When is it a mistake to sell? And when does it make sense to sell at a loss? Listen to the latest episode to sharpen your acuity on this subject.

"Invert, always invert" ~ Charlie Munger.

Why is inversion a valuable tool? In this episode, we explore the practical uses of deductive thinking and its relevance to investing. Starting from the goal and working backward requires us to look a problem from a different angle - it can be a discovery process. By gaining awareness of actions that are harmful, we actually make a great leap forward to reaching our objectives. 

Anchoring is a psychological short cut that all human beings perform. In investing, the gravity of anchors is so powerful and pervasive that we must educate ourselves on this topic. Listen to this episode to gain awareness of the nuances of anchoring and learn what can be done to prevent it.

In this episode, we are joined by Christopher Mayer, portfolio manager of Woodlock House Family Capital and author of 100 Baggers: Stocks that Return 100-to-1 and How to Find Them. Chris shares his insights on what attributes to seek in long term winning investments and what he learned from legendary investor Chuck Akre.

In the second part of 100 to 1, we complete our review of Thomas Phelps's investment classic with the numerical and fundamental realities supporting stocks that deliver a high rate of long-term compounding. 

In 1972, an investment classic called "100 to 1 in the Stock Market" was published. The concepts laid out in the book are timeless and the author, Thomas Phelps, communicates his teachings in an engaging manner.

This episode deals more with the psychological aspects and investors' self-defeating behaviors explained in the book, whereas the next episode highlights the basic arithmetic behind generating investment returns and key attributes to look for in long-term winners.