Worth a Look

WORTH A LOOK #8 “Explaining China’s Financial Crisis”

WORTH A LOOK #8 “Explaining China’s Financial Crisis”

Macro strategist Charlie Bilello has released his annual presentation recapping the year using charts. The presentation is simple, fast, fun, and does a great job of comparing common investment narratives with facts. It is also full of important lessons for long-term investing and why it is so risky to try and predict how the market will react to macro-economic data. The famous investor Peter Lynch summed it up best: “I’ve always said, the key organ here [in investing] isn’t the brain, it’s the stomach”.

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WORTH A LOOK #7 “Put These Charts on Your Wall”

WORTH A LOOK #7 “Put These Charts on Your Wall”

Macro strategist Charlie Bilello has released his annual presentation recapping the year using charts. The presentation is simple, fast, fun, and does a great job of comparing common investment narratives with facts. It is also full of important lessons for long-term investing and why it is so risky to try and predict how the market will react to macro-economic data. The famous investor Peter Lynch summed it up best: “I’ve always said, the key organ here [in investing] isn’t the brain, it’s the stomach”.

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WORTH A LOOK #6 “Megatrends and Leadership”

WORTH A LOOK #6 “Megatrends and Leadership”

Megatrends and Leadership, a presentation by Utpal Sheth | Utpal is the CEO at Rare Enterprises which is the family office of the most famous investor in India, Rakesh Jhunjhunwala. Rakesh famously compounded ~$500,000 to ~$6 billion (USD) from 1985 to 2022 without any outside capital before passing away in 2022. Uptal worked beside Rakesh for much of that time and continues as CEO of Rakesh’s family office today.

Rekesh and Uptal are famous for buying and holding stocks across multiple sectors that returned 100 times their money (or more) over 20 years including the Indian jewelry retailer Titan.

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Spotify’s 2022 Investor Day Review

Spotify’s 2022 Investor Day Review

On June 8 Spotify held its first investor day since going public in 2018. The event was excellent and did a great job of helping investors understand how disconnected the business's earning power is from price today. Spotify is a core fund position and we wanted to...

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The Unorthodox Role of JDP’s Investment Process

The Unorthodox Role of JDP’s Investment Process

Great ideas are only as good as the investment process to see them through. A tipping-point in technological adoption across nearly every sector simultaneously is unleashing a financial opportunity greater than the upside created by financial crisis. We are living in an incredible time to be investing, but the path forward…

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Explaining the Recent Failure of Value Investing

Explaining the Recent Failure of Value Investing

By Baruch Lev, Professor of Accounting and Finance, Stern School of Business, NYU, and Anup Srivastava, Canada Research Chair, Haskayne School of Business, University of Calgary Summary: Based on extensive data analysis we show that value investing has generally been...

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Endogenous Technological Change

Endogenous Technological Change

Paul M. Romer’s Nobel Prize paper (1990) on the role of endogenous technological change as the heartbeat of economic growth.

Paul M. Romer is an American economist and co-recipient of the Nobel Memorial Prize in Economic Sciences in 2018…

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WORTH  A LOOK #1 “Battle for The Living Room”

WORTH A LOOK #1 “Battle for The Living Room”

Why we liked the video: Industry-level discussion about the debate over the future of Ad-supported tv “AVOD” (think Roku channel) versus subscription supported tv “SVOD” (think Netflix).  The panel participants were not the usual CEOs with rehearsed soundbites, but a meat-and-potatoes group that represents a rapidly growing niche of content providers…

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