The JRo Show John Rotonti
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- Zaken en persoonlijke financiën
The JRo Show interviews experts in and outside the field of investing to explore the themes of achieving mastery, sustained performance, and longevity. Does it really take 10,000 hours of deliberate practice to become a master? Listen in on Thursdays to find out.
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Interview with Bill MIiller IV of Miller Value Partners
About Miller Value Partners
Investing strategy and philosophy
Why being too dogmatic about the definition of value may not work in your favor
Portfolio management philosophy
Risk Management
On why he doesn’t short or use options
His thesis on bitcoin and why he considers himself to be a massive bitcoin bull
Thesis on Microstrategy as the largest corporate owner of bitcoin
Team structure and research process at Miller Value Partners
Insider buying
Idea generation
Stock screens
Technical and momentum investing
Incorporating macro
Valuation
Selling vs trimming
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Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.
For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule.
All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.
**********************************************************
FinChat.io is The Complete Stock Research Platform for fundamental investors.
With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.
Use our LINK and get 25% off any premium plan: http://finchat.io/jro
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Interview with Ric Dillon, founder and CEO of Vela Investment Management
About Vela Investment Management
Vela investment philosophy
Vela portfolio management philosophy
Why he offers a long/short strategy and uses options
Vela’s iterative research process
Idea generation
Ric’s macro views
Vela’s valuation methodology
Selling vs trimming
What’s next for Vela Investment Management
**********************************************************
Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.
For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule.
All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.
**********************************************************
FinChat.io is The Complete Stock Research Platform for fundamental investors.
With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.
Use our LINK and get 25% off any premium plan: http://finchat.io/jro
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Interview with Chris Pavese of Broyhill Asset Management
Broyhill overview and investment philosophy
Portfolio management
Risk management
Team size and research process and idea generation
Macro outlook and incorporation into process
Valuation When to sell
What Chris is reading
**********************************************************
Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.
For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule.
All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.
**********************************************************
FinChat.io is The Complete Stock Research Platform for fundamental investors.
With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.
Use our LINK and get 25% off any premium plan: http://finchat.io/jro
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Interview with XPEL CEO Ryan Pape
Business description
Business Model
Problems solving and value proposition
Market share
Pricing power and pricing strategy
Balance Sheet
Income statement and biggest costs/expenses
Future growth opportunities
Market penetration
Ryan's history at XPEL
Margins and returns on invested capital
Asset turnover, inventory turnover, and cash conversion cycle
Operating cash flow conversion
Asset light and variable cost business model and the possibility of vertically integrating in the future
Acquisition strategy, history, and capital allocation philosophy
Incentive compensation metrics
Business risks
Competitive advantages
Xpel's culture
**********************************************************
Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.
For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule.
All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.
**********************************************************
FinChat.io is The Complete Stock Research Platform for fundamental investors.
With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.
Use our LINK and get 25% off any premium plan: http://finchat.io/jro
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Interview with Win Murray, Director of Research at Diamond Hill (former DoR at Harris Oakmark)
Diamond Hill is a philosophically pure intrinsic value investing firmLiving in Columbus, The Austin of OhioWhat makes a great equity analyst vs an average analystHow to determine investing team size (using math)Analyst productivity and how that leads to a better opportunity set and ultimately better client outcomesGeneralist vs specialist analyst team structureHow Diamond Hill is slowly, at the margin, transitioning from a strict sector specialist team structure to a more hybrid modelWhat is expected of an analyst when it comes to pitching a new idea and maintaining coverageNew idea production vs maintenance coverage How the best analysts get the most stocks into the port, which leads to the largest coverage list, which leads to the least time to find new ideasWhat types of deliverables analysts should provide and why a shorter writeup is superior to a longer writeupTable stakes skills of accounting, numerical literacy, and mathematical common senseInterviewing candidates, identifying talent, and bring hyper aware of the barriers to exit when hiring peopleThe hurdle he uses for hiring talentThe two types of people that produce great work, but why one type may not be the right cultural fit
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Public.com just launched options trading, and they’re doing something no other brokerage has done before: sharing 50% of their options revenue directly with you. That means instead of paying to place options trades, you get something back on every single trade.
-Earn $0.18 rebate per contract traded
-No commission fees
-No per-contract fees
By sharing 50% of their options revenue, Public has created a more transparent options trading experience. You’ll know exactly how much they make from each trade because they literally give you half of it. Activate options trading at https://public.com/jro by March 31 to lock in your lifetime rebate. Paid for by Public Investing. Must activate Options Account by March 31 for revenue share. Options not suitable for all investors and carry significant risk. Full rebate terms here (https://public.com/disclosures/rebate-terms). US members only.
Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.
For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule.
All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.
**********************************************************
FinChat.io is The Complete Stock Research Platform for fundamental investors.
With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.
Use our LINK and get 25% off any premium plan: http://finchat.io/jro
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Interview with Dan Davidowitz of Polen Capital
Polen Capital's culture: radical candor, autonomy, mastery, purpose
Investing philosophy: competitive advantages, concentrated portfolios (20-25 stocks), position sizing
Large Company Focus Growth Strategy: 132 stocks in 35 years, largest position in Amazon
Risk management: eliminate risky businesses
Analysis of Visa, MasterCard, cyclicals
Team structure: meetings twice weekly, Polen One-Pagers
Learning from mistakes: conservative margin modeling
Investing spectrum: seek double-digit annualized returns
Selling criteria: valuation, trimming stocks
*********************************************************************
Public.com just launched options trading, and they’re doing something no other brokerage has done before: sharing 50% of their options revenue directly with you. That means instead of paying to place options trades, you get something back on every single trade.
-Earn $0.18 rebate per contract traded
-No commission fees
-No per-contract fees
By sharing 50% of their options revenue, Public has created a more transparent options trading experience. You’ll know exactly how much they make from each trade because they literally give you half of it. Activate options trading at https://public.com/jro by March 31 to lock in your lifetime rebate. Paid for by Public Investing. Must activate Options Account by March 31 for revenue share. Options not suitable for all investors and carry significant risk. Full rebate terms here (https://public.com/disclosures/rebate-terms). US members only.
Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.
For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule.
All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.
*********************************************************************
FinChat.io is The Complete Stock Research Platform for fundamental investors.
With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.
Use our LINK and get 25% off any premium plan: http://finchat.io/jro
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