100 episodes

The Razor’s Edge is an investing podcast that combines a prop trader’s viewpoint and deep-dive fundamental research to provide a unique take on the markets. The show is co-hosted by Akram’s Razor, a trader and investor with decades of experience and a track record of truly differentiated ideas and analysis, and by Daniel Shvartsman, an individual investor for the past decade who saw thousands of investing pitches and ideas and how they played out during his previous time at Seeking Alpha.

The duo start with a theme or idea from Akram’s investing, then break it down to understand what goes into the idea, what could go wrong, and what else investors and traders need to know. They also interview industry leaders, executives, and other investors to get a wider perspective. The show has thousands of listeners around the world.

The Razor’s Edge Shortman Studios

    • Business
    • 4.5 • 61 Ratings

The Razor’s Edge is an investing podcast that combines a prop trader’s viewpoint and deep-dive fundamental research to provide a unique take on the markets. The show is co-hosted by Akram’s Razor, a trader and investor with decades of experience and a track record of truly differentiated ideas and analysis, and by Daniel Shvartsman, an individual investor for the past decade who saw thousands of investing pitches and ideas and how they played out during his previous time at Seeking Alpha.

The duo start with a theme or idea from Akram’s investing, then break it down to understand what goes into the idea, what could go wrong, and what else investors and traders need to know. They also interview industry leaders, executives, and other investors to get a wider perspective. The show has thousands of listeners around the world.

    The Latest SaaS Turns: Okta, MDB, Veeva, and Twilio and the Challenges for SaaS 2.0

    The Latest SaaS Turns: Okta, MDB, Veeva, and Twilio and the Challenges for SaaS 2.0

    Q2 earnings season has delivered many surprises on the one hand and continuations of trends on the other hand. For SaaS companies, that has meant continued drifting.

    Last week, Okta, MDB, and Veeva reported, and we break down each of those companies on this week's the Razor's Edge (you can also read Akram's take here). We get into the challenges each of those companies face, but also the broader difference between "legacy" SaaS companies like Salesforce and the newer all cloud products like Okta.

    Topics Covered
    2:30 minute mark - Okta’s earnings – what went wrong and what differentiates the Oktas from the Salesforces
    10:00 – The value of “the suits” and the challenge of building a microservice-based business model
    23:00 – The presumption that software is a great model
    28:00 – MDB’s earnings
    40:00 – Cutting to profitability amidst the tech recession
    52:00 – The consolidation calvary is not about to arrive, and what else to watch
    58:00 – Notes on Veeva
    1:04:00 – Docusign preview

    • 1 hr 10 min
    Roku’s Wipeout and whether the Black Box will Open

    Roku’s Wipeout and whether the Black Box will Open

    Roku's dud of a quarter echoed both Snap's report from the week earlier and the start of the pandemic as the sudden advertising slowdown hit them as well. The issues with Roku go beyond the quarter, starting primarily with how much harder it is to understand the details of their business. Will this quarter force a change? And what else does the advertising slowdown mean for the market? We discuss on this week's The Razor's Edge.

    Topics Covered
    3:30 minute mark – Breaking down Roku’s wipeout
    11:30 – How important is the advertising wipeout in general
    19:30 – Whisper numbers and the Roku black box
    31:30 – Will this force Roku to be more transparent? The Twilio example
    39:30 – What makes Roku more interesting?
    55:00 – The death of never sell

    • 1 hr 13 min
    Twitter Trial Breakdown

    Twitter Trial Breakdown

    It’s all happening: Elon Musk filed to terminate his deal to buy Twitter, Twitter sued him for specific performance, and now the trials begin. Today, not a trial actually but a hearing to see whether the trial should take place on Twitter’s requested timeline, in September, or Musk’s requested timeline, in February.

    Still, the two sides are starting to show their hands. While much of this ‘negotiating’ has been done in public, the filings were still revelatory. So, as we approach the endgame of the endgame, Akram's Razor and Daniel talk about what we learned, what happens next, and who has a stronger hand; though I don’t think you’ll be surprised by our conclusions if you’ve listened to us before.

     Topics Covered

    3:30 minute mark – Initial takeaways from the filings
    12:30 – Twitter bot approach and response
    15:00 – Breaking down Elon’s breach filing
    23:30 – Takeaways from Twitter’s filing
    29:00 – Recutting a deal and the Anaplan parallel
    48:00 – Musk’s motivations and laziness
    1:00:00 – What happens next?
    1:09:30 – The “the court wouldn’t risk being ignored” argument
    1:14:00 – The prisoner’s dilemma result of an actual acquisition
    1:18:00 – The size of the deal

    1:28:30 – Last thoughts

    • 1 hr 44 min
    The Bear Market Is Here: What Next?

    The Bear Market Is Here: What Next?

    On this week’s The Razor’s Edge, we talk about the bear market. It’s here, it’s real, so now what?

    Neither Akram nor Daniel are in an apocalyptic mood, so we explain why we’re not, what green shoots there are on the supply side, what risks there are on the demand side, how this echoes 2020 (or not), how much crypto contagion worries us, and why it’s tricky picking individual names.

    Topics Covered
    2:00 minute mark – An apocalyptic moment? Maybe not
    10:00 – Is supply solving itself just as demand is weakening?
    20:00 – The energy pullback – why was it predictable
    23:00 – The echoes of March 2020
    30:00 – Crypto contagion and its risks
    38:00 – Opportunities in the current market
    48:00 – What if inflation doesn’t slow down?
    52:00 – The challenge of individual names and the hopes for a quiet summer

    • 58 min
    The 2022 Whipsaw Market and the Hedgehog: Retail Stocks, Tech, and More

    The 2022 Whipsaw Market and the Hedgehog: Retail Stocks, Tech, and More

    This week's episode picks up where last week's The Razor's Edge episode left off. We talk the current whipsaw/whiplash macro environment, where a smaller, often over optimistic social media company can trigger a panic, and then news that is no worse than expected can fire up a bear market rally.

    We discuss tech stocks, retail stocks, and whether it's possible to be too bearish or too bullish as the winds shift.

    • 1 hr 12 min
    The Twitter Endgame, Again: Logic & Legality

    The Twitter Endgame, Again: Logic & Legality

    In part two of our recording this week, we get to Elon Musk and Twitter. Both because how can we not at this point, as the drama continues to unfurl, and also because Akram makes the case for this as a good merger arb play given the strength of contract law. We talk about whether Musk can work his way out of this and why Akram thinks he can’t, and what the next steps of the saga should be, along with a whole lot more.

    Topics Covered
    3:00 minute mark - The logical aspects of the Twitter case
    13:30 - Twitter's setting up to go the distance, and the bots issue
    30:00 - How material is the bots case
    35:00 - What are the next steps, and the role of the equity partners
    43:00 - Past precedents
    50:00 - The outstanding risks to Twitter as a company and to Tesla as a stock
    1:00:00 - Quick comments on the retail sector

    • 1 hr 7 min

Customer Reviews

4.5 out of 5
61 Ratings

61 Ratings

Bill Brewster ,

Love this pod

This is a very very good podcast. The guys are adding real value and I love how they frame their thoughts.

Keep it up!

BringBackValueInvesting ,

Solid Software Investing Podcast

Would appreciate more stock idea discussions. Maybe even an episode overview on top SaaS players (eg Bessemer cloud index)? Al’s definitely needs better audio quality

Gator9101 ,

Audio issue

I like the podcast, but Akram’s audio quality is horrible. I stopped listening since it was too obnoxious to listen to him. Invest in better audio.

You Might Also Like

Andrew Walker
Bill Brewster
Tobias Carlisle
Brandon Beylo
Chit Chat Money
Colossus | Investing & Business Podcasts