Wall Street Wildlife Investing Podcast

🚨🌴Welcome to the jungle Paul and Steven P! Thank you for supporting Wall Street Wildlife on https://www.patreon.com/wallstreetwildlife! We love seeing who’s committed to being in our inner circle of trusted investors and jungle beasties.

🍌The few bucks you won’t miss will help us make the show and your investing returns better. And all patreon questions get boosted to the top of the queue for podcast chat!

In this week's episode:

📉 Badger discusses his Chinese investments including $JD and $BAIDU, making Monkey appear like a savant

💋 Keep it Simple Stupid: why one solid principle can save you from having to make two hundred hard future decisions

📬 Question from our new patreon Steven about opportunity costs. We discuss $TDOC and $RLAY and why what you paid for a stock should not influence whether to sell it!

🦁 Listeners help us name our stock exploration segment the Stock Safari, kinda obvious in hindsight!

🦀 Krzysztof pitches $EXAS as a safe(r) biotech company helping you avoid unpleasant colonoscopies at the doctor’s office

💖 Luke pitches Transmedics $TMDX a fascinating organ transplant company that has two sides to its business

Sources mentioned:

Portseido: https://www.portseido.com/?fpr=luke54

Transmedics IR: https://investors.transmedics.com/

Exact Sciences IR: https://investor.exactsciences.com/

Segments:

[00:00:00] Introduction

[00:01:23] Are Luke's China Investments Getting Bailed Out?

[00:08:43] Opportunity Costs of Not Selling

[00:25:02] Stock Safari - Exact Sciences $EXAS

[00:30:43] Stock Safari - Transmedics $TMDX

In a brand new segment, we each pitch a stock that's on our radar:

⚡️ Luke looks at Oklo $OKLO, pioneering next-generation nuclear power plants, and with a close relationship to OpenAI

⚪️ Krzysztof thinks bananas are to be made in Sphere Entertainment $SPHR, a best in class venue located in the entertainment capital of the world, Las Vegas

Find us online and vote for your 'most interesting watchlist idea'!

This week we also deep dive into a crucial question 📬 from one of our listeners: “I have $1,000 to invest — how do I get started?”

In the midst of answering, we get into a fur-flying scrappy brawl about the merit — or lack-thereof — of buying one share of a market tracker like $SPY. Monkey says “it’s a quick way of seeing how the market has performed during your investing career”, while Badger’s claws look for blood out of the needless complexity.

There's much investing wisdom here, so beginners take heed and ask us follow-up questions on X or YouTube.

🌴Welcome to the jungle Paul, Bruce B. and Paolo M! Thank you for supporting Wall Street Wildlife on Patreon:

https://www.patreon.com/wallstreetwildlife

We love seeing who’s committed to being in our inner circle of trusted investors, and the few bucks you won’t miss will help us make the show and your investing returns better.

Sources:

https://companiesmarketcap.com/assets-by-market-cap

Segments:

[00:00:00] Introduction

[00:03:49] How Would A Beginner Invest $1,000?

[00:12:08] (random sidebar argument)

[00:17:12] (back to the original question!)

[00:38:19] Luke's Radar Stock - OKLO

[00:44:23] Krzysztof's Radar Stock - SPHR

This week's episode of Wall Street Wildlife kicks off on a somber note as Krzysztof shares the heartbreaking loss of his beloved dog, Bunk. It's a poignant reminder that investing is ultimately about creating the freedom to spend precious time with those we love. Every moment counts.

Buckle up though, in this episode we also dive into the wild world of "ugly duckling" investments – those overlooked companies with the potential to transform into magnificent swans. We'll explore the contrasting views of Warren Buffett and a successful microcap investor, highlighting the risks and rewards of both, and why either strategy can deliver market beating returns.

We take another hard look at one of Krzysztof's ducklings, Coherus BioSciences, a company now navigating supply chain disruptions on top of its already myriad risks. We'll analyze the impact on its stock price and discuss the potential implications for investors. Plus, Luke is now a shareholder, so that's double trouble!

But that's not all! We also touch on the upcoming U.S. election and how understanding the contrasting economic philosophies of the candidates could help you make informed investment decisions. We preview our upcoming conversation with Professor Bradford Delong, author of Slouching Towards Utopia: An Economic History of the Twentieth Century.

And finally, we're thrilled to announce the launch of our Patreon page! If you're enjoying the show and want to support us in creating even more valuable content, head over to patreon.com/wallstreetwildlife. Your support will help us research, learn, and bring you the best insights from the investing jungle.

Sources mentioned:

Professor Bradford DeLong on X: @delong

Slouching Towards Utopia

Segments:

[00:08:26] Ugly Ducking Investments

[00:17:58] Coherus' Latest Challenges

[00:30:24] How to Support this Podcast!

[00:37:08] Can Studying History Make Us Better Investors?

Intuitive Surgical is the world leader in robotic minimally invasive surgery. In this week's podcast, Luke deep dives what makes $ISRG tick, and how it's shaping a better future through technology and innovation!

Segments:

[00:00:00] Introduction

[00:04:15] Intuitive Surgical Deep Dive

[00:05:01] Agenda

[00:05:50] Intuitive Surgical at a Glance

[00:08:24] How Intuitive Surgical is Creating a Better Tomorrow

[00:09:55] "Robots and Blades" Business Model

[00:11:03] Competitive Edge

[00:12:59] Tesla Driving Miles

[00:15:45] Financials - Income Statement

[00:17:13] Financials - Balance Sheet

[00:18:39] Financials - Cash Flow Statement

[00:19:24] Valuation

[00:20:29] Investment Conclusion

[00:24:11] Wrapping Up

🚨Badger has gone wild and the law tries to reign him in — with what success? Monkey, meanwhile, studies political theory and comes to the conclusion that nuanced political conversations require carefully defining the terms — and who has time for that? We reap what we sow.

⏳Is Badger a true long-term investor? Luke analyzes his long-term holdings and finds his average holding period to be 3.5 years, with a few outliers, including Enphase $ENPH and SolarEdge $SEDG. We discuss the costs and benefits of taking the long view.

⚡️Renewable energy sources are set to eclipse power generated by coal for the first time ever. Is nuclear fusion still too science-fiction? Monkey continues pounding the table for Eos $EOSE supported by claims about battery storage becoming a burgeoning trillion dollar industry.

❄️Is Snowflake $SNOW Too Hard to Understand and a Dodo set for extinction? Monkey shares his story from being a Bull to disappointment to kicking the company into the “Too Hard Pile” which is a useful investing structure. Badger wants to put Airbnb $ABNB in the same bucket but Monkey calls it the broken thesis — we discuss the difference.

💔We read a listener comment making the case for Badger’s compassion and grace — with a chilling and devastating conclusion. (you can tell who wrote the episode blurb this week - 🙄)

🍌Monkey teases a few upcoming new buys for the King of the Jungle Portfolio challenge — Round 1 — which ain’t over till its over.

Sources mentioned:

https://www.economist.com/business/2024/09/01/clean-energys-next-trillion-dollar-business

https://www.canarymedia.com/articles/solar/chart-solar-power-is-shattering-global-records

https://x.com/sv_techie/status/1827385973531144551

@sv_techie

Segments:

[00:00:00] Introduction

[00:03:56] Luke got a Speeding Fine

[00:07:00] Are We Really Long Term Investors?

[00:15:49] The Inexorable Rise of Renewables

[00:20:41] But Are Renewables Investable Right Now?

[00:29:30] Listener Shout Outs

[00:34:38] Is Snowflake in the "Too Hard Pile", and what is the Too Hard Pile anyway?

[00:56:29] King of the Jungle Portfolio Update

If you’ve ever wondered about the difference between Badger and Monkey, here it is: Monkey spent his weekend getting a haircut, while Badger was playing poker until 6am in a literal castle on the outskirts of Edinburgh. Whose team are you on now?

In this week's episode, Luke buys Coherus $CHRS January 2026 options on the strength of Krzysztof's sales pitch in episode 41. “Deep Value” seems to have been the magic phrase that made his claws tingle, despite the “likelihood of failure still being high”, a fact rebutted with sound reason, logic and facts. We'll agree to disagree, but it's a high risk investment, however you look at it!

@iancassel, Founder of MicroCapClub.com recently shared an excellent presentation on the "Six Skills of Stock Picking". We discuss all six, brought to life with lessons from our decades of mistakes and successes:

🎯 Identifying Actionable Ideas

🎯 Valuation

🎯 Buying and Sizing

🎯 Holding Due Diligence

🎯 Selling

🎯 Survival!

Krzysztof also reminisces about Jon Stewart’s righteous grilling of Jim Cramer during the Great Financial Crisis of 2008, and Stewart’s current beef with the media spouting economic nonsense about inflation and the politicization of anti-price-gouging policies. Moral: know your sources and make sure you trust their motivations.

We’re getting many more comments and questions from our growing community — keep up the good work, beasties.

Sources mentioned:

https://microcapclub.com/the-skills-of-stock-picking/

Segments:

[00:00:00] Introduction

[00:02:00] Luke Bought Coherus Biosciences As Well!

[00:05:45] The Six Skills of Stock Picking:

[00:08:45] 1. Identifying

[00:12:13] 2. Valuation

[00:20:30] 3. Buying

[00:23:57] 4. Holding

[00:25:36] 5. Selling

[00:28:44] 6. Survival

[00:31:39] Listener Shout Outs!

[00:33:00] The Real Deal on Price Controls and Media Spin

---

Krzysztof explains why he’s now heavily invested in a tiny $140 million dollar biotech company, Coherus Biosciences $CHRS. There are two ways to make money in the market, and both have to do with a gap in perceived value. Coherus had very encouraging second quarter results, but an analyst downgrade sent the stock tumbling regardless. Are the downgrade reasons based on how the wall street game is played, or something more fundamental to the company broken?

Also in this week's episode, Luke is unhappy with the state of the UK as a place for his investing dollars. Does his pro-USA investment thesis support American exceptionalism? Or does technology know no political boundaries and you have to go where the intellectual capital lives? One notable exception: UK listed fintech, Wise $WIZEY $WISE.

Are we in a recession or not? What is the Sahm Rule Recession Indicator? Why does Claudia Sahm herself not trust its conclusion at the moment?

Segments:

[00:00:00] Introduction

[00:00:58] Are we in a Recession?

[00:12:19] Why Luke Sold Airbnb BeforeEarnings

[00:20:49] Luke's 'Ask Me Anything'

[00:33:15] Axon Earnings

[00:35:53] EOS vs Axon

[00:38:09] EOS Earnings

While Luke comes home from front row seats at the Paris Olympics, the market tries to rain on his fur by having a historical meltdown and a global margin call.

We discuss the $VIX volatility index and just how rocky Monday morning was relative to the 2008 financial crisis and the COVID scare.

What caused it all? Krzysztof explains the Japanese carry trade, how it's tied to leverage and why NVIDIA

No strangers to the upsetting emotions of extreme market drops — we outline practical steps to take advantage of panic, and to make sure you’re not one of the lemmings getting crushed by fear, and reacting instead of acting with discernment. Have you tried the investing buddy system?

Krzysztof also voices a complaint: Bitcoin $BTC did not pass his test for store of value, while gold most certainly did. Is this a short term issue or is Bitcoin not a true decoupled asset from the global financial system? Badger wants to know how this failed performance will affect Monkey’s BTC stack.

With good tech earnings from $GOOG Google and $AMZN Amazon and Apple $AAPL, why have there been such massive price swings both up and down? It’s another sign the systemic risk is real and that the market at this moment is far from an efficient one. We therefore examine a few fixed income strategies such as short-term Treasuries to help you protect your capital.

Have you checked out Luke’s Axon $AXON deep-dive? It will convince you to pay attention to this excellent company as an antidote to all the fear - but even this one is wildly over-valued, and that's a recipe for danger in a fragile market!

https://x.com/7LukeHallard/status/1818665453738140153

How well do you sleep at night with your investment portfolio? Let us help you take the stress and fear out of investing. You can find the 10 Laws of the Investing Jungle at wallstreetwildlife.com.

Segments:

[00:00:00] - Introduction

[00:04:24] - Black Monday, August 2024 Edition - What Happened?

[00:15:32] - How Can You Protect Yourself?

[00:27:39] - How Was Bitcoin Impacted?

[00:33:35] - Is Today A Buying Day?

[00:36:20] - The Benefit of Having an Investing Buddy System

[00:38:47] - Conclusions

Krzysztof returns from a Hobbit house getaway while Luke gets ready to head to Paris for the Olympics; tales of travel spark some short-term trauma about lost luggage and Crowdstrike’s $CRWD hand in making lots of people maddeningly upset. If that’s not spicy enough, we briefly discuss historical revolutions and national identities sparked by the Olympics’ opening ceremony’s raw political themes - or is it just a ton of fun that's really only supposed to make sense to the locals?

Segments:

[00:00:00] Introduction

[00:01:45] The Paris Olympics Opening Ceremony

[00:08:06] The Singularity Is Nearer, When We Merge with AI - Ray Kurzweil

[00:14:00] Should You Sell A Position If You Get Outsized Growth?

[00:19:34] Is The US On The Verge Of A Debt Crisis Bigger Than 2008?

[00:39:29] When is Short Selling Actually Market Manipulation?

[00:49:13] King Of The Jungle Portfolio Challenge Update

[00:57:23] The Magical Power of Compound Interest

[01:00:23] Why is Axon Becoming a Software Company