106 episodes

Welcome to The Hive! It's nice in here, isn't it?

The Hive is a collection of investors, entrepreneurs, thinkers and individuals dedicated to getting a little smarter each day.

If you're a fan of value investing, business models, eclectic success and failure stories -- this is your podcast.

Our goal is to provide you the highest quality interviews with new twists on old topics. Fresh perspectives on antiquated ideas. Passionate discourse on all things investing.

Join us as we strive to improve a little bit each day: https://macro-ops.com/

Value Hive Podcast Brandon Beylo

    • Business
    • 4.8 • 40 Ratings

Welcome to The Hive! It's nice in here, isn't it?

The Hive is a collection of investors, entrepreneurs, thinkers and individuals dedicated to getting a little smarter each day.

If you're a fan of value investing, business models, eclectic success and failure stories -- this is your podcast.

Our goal is to provide you the highest quality interviews with new twists on old topics. Fresh perspectives on antiquated ideas. Passionate discourse on all things investing.

Join us as we strive to improve a little bit each day: https://macro-ops.com/

    Matthew Sweeney: Frameworks, Patience, and Edge

    Matthew Sweeney: Frameworks, Patience, and Edge

    Hey guys! After what felt like three years in the making, this week’s guest is Matthew Sweeney, the founder and portfolio manager of Laughing Water Capital. Long story short, Matt was actually the first fund manager that I’ve ever cold email when I was getting into the game and he was kind enough to email me back right away. 

    Since then we’ve been able to stay in touch and talk about investment ideas. In this conversation, we dove into Matt’s 4 part decision making framework on evaluating investment theses: 


    Is it a good business? 
    Who are we partnering with? 
    What happens when something goes wrong? 
    Why it might be cheap? 

    We also discussed his journey as a portfolio manager, delay gratification vs opportunity cost, what is edge, originality, and thinking on what would the drunks in the bar say?


    [0:30] Introduction  
    [4:00] Matt’s Framework for Finding Ideas
    [24:00] Good Co, Bad Co
    [29:00] Matthew’s Journey as a Portfolio Manager.
    [45:00] Patience: Nature vs Nurture 
    [53:00] Delay Gratification vs Opportunity Cost
    [1:01:00] Models and Valuations 
    [1:13:00] What is Edge? 
    [1:17:00] What Would the Drunks in the Bar Say?
    [1:19:00] The Future of Laughing Water Capital. 
    [1:25:00] Originality 
    [1:33:00] Always Looking to Improve 
    [1:37:00] More from Matthew Sweeney and Closing Questions

    Also, a big thanks to the following sponsors for making the podcast a reality!

    Quartr

    Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from 12+ countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se

    If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android.

    Tegus

    Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best.

    I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself.

    Mitimco

    This episode is brought to you by MIT Investment Management Company -- also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests with a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. In order to help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.

    For those looking to start a stock-picking fund, or those just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more.

    • 1 hr 44 min
    Nikhil Shamapant ("Squish"): 10x Ideas, Ethereum & Lessons From Internal Medicine

    Nikhil Shamapant ("Squish"): 10x Ideas, Ethereum & Lessons From Internal Medicine

    Hey guys! This week we have a special guest: Nikhil Shamapant. Most of you know him as "Squish" on Twitter. Nikhil is an internal medicine intern at the University of Colorado and somehow he has time to both study internal medicine and write 77 page reports on Ethereum and opine on investment and market philosophy. We discussed a lot of things: his investment journey and how his investment process has evolved, learning how to reason, Ethereum and the Crypto space, Web 3.0, investments philosophies, focusing on high convexity investment theses, and the some parallels that exist between internal medicine and investing 


    [0:00] Who is Nikhil Shamapant?
    [3:00] Idea generation: Finding 10x Ideas
    [14:00] What is sequence risk?  
    [22:00] Investing in Uranium 
    [30:00] Pattern Recognition: Learning How to Reason
    [47:00] Receiving Feedback
    [53:00] Edge: Know the Game You are Playing
    [1:00:00] Parallels between Medicine and Investing 
    [1:18:00] Nikhil's day to day routine: Invest in Convexity
    [1:37:00] Ethereum 101
    [1:46:00] How to value Ethereum? 
    [1:58:00] How would Crypto affect the Healthcare Industry?
    [2:05:00] More from NIkhil and closing questions.

    If you like what you heard, please give Nikhil Shamapant a follow on Twitter here. Also, check out his Substack here. 

    Also big thanks to the following sponsors for making the podcast a reality!

    Quartr

    Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from 12+ countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se

    If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android.

    Tegus

    Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best.

    I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself.

    Mitimco

    This episode is brought to you by MIT Investment Management Company -- also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests with a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. In order to help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.

    For those looking to start a stock-picking fund, or those just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more.

    • 2 hr 11 min
    Jessica Ablamsky: Marrying Momentum & Fundamental Investing

    Jessica Ablamsky: Marrying Momentum & Fundamental Investing

    Hey guys! I'm stoked to bring you my conversation with Jessica Ablamsky. Jessica is a freelance marketing writer, journalist, growth stock investor and Twitter personality. 

    Today we dove into the lessons Jessica learned from last year (2020), how to identify companies with good corporate culture, how her investing journey started, switching from a fundamental value approach vs momentum trading strategies and we wrapped up the podcast talking about Dutch Bros ($BROS) a new Starbucks type stock and the future of AD tech platforms such as Pinterest ($PINS) and Snapchat ($SNAP).

    Here's the time stamp: 


    [0:00] Who is Jessica Ablamsky?
    [5:30] How to Identify a Good Corporate Culture? 
    [13:30] Jessica’s Investment Journey 
    [19:30] Momentum Investing
    [27:00] Lessons from Last Year: The Friend is your Trade 
    [35:00] Lessons from Last Year: Making Money is Better than Being Right 
    [45:00] What stocks is Jessica Ablamsky interested? 
    [56:00] What is Dutch Bros Inc. ($BROS) 
    [1:00:00] Buy Things that People Like! 
    [1:11:00] AD Tech Platforms: Pinterest ($PINS) vs Snapchat ($SNAP)
    [1:20:00] Twitter Q&A 
    [1:23:00] Twitter Q&A: Alibaba ($BABA)? 
    [1:26:00] More from Jessica and Closing Questions

    If you like what you heard please give Jessica a follow on Twitter here. 

    Also big thanks to the following sponsors for making the podcast a reality!

    Quartr

    Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from 12+ countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se

    If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android.

    Tegus

    Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best.

    I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself.

    Mitimco

    This episode is brought to you by MIT Investment Management Company -- also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests with a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. In order to help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.

    For those looking to start a stock-picking fund, or those just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more.

    • 1 hr 31 min
    Steve Gorelik: Crash Course on Eastern European Investing

    Steve Gorelik: Crash Course on Eastern European Investing

    Hey guys! This week’s guest is Steve Gorelik, he is a portfolio manager at Firebird Asset Management. I first met Steve at VALUEx Vail 2019 and today he is going to give us a crash course on Investing Eastern Europe. He shares how his investing journey started, the cultural differences that he notices between the west and Eastern Europe, why you can find world class businesses in Eastern Europe, the future of the Russian Stock Market, the geopolitical differences between Russia vs China and last but not least he introduces us to 5 different companies located in different countries inside Eastern Europe such as Banca Transilvania located in Romania, Kaspi located in Kazakhstan, Georgia Capital based in Georgia, Yandex and Moscow Exchange located in Russia.



    [0:00] Who is Steve Gorelik?
    [5:00] Unknown things about investing in Eastern Europe 
    [14:00] Russia’s Rule of Law 
    [26:00] The future of the Russian Stock Market
    [37:00] Moscow Exchange ($MOEX)
    [48:00] Why you can Find High Quality Businesses in Russia?
    [54:00] Profitability or Growth?
    [57:00] Yandex ($YNDX)
    [1:04:00] The Tech Ecosystem in Russia 
    [1:09:00] Romania: Banca Transilvania
    [1:15:00] Kazakhstan: Kaspi
    [1:20:00] Georgia: Georgia Capital (LSE: CGEO) 
    [1:26:00] Eastern Europe: Invest in Banks: 
    [1:28:30] Russia vs China 
    [1:35:00] More from Steve Gorelik and Closing Questions

    If you like what you heard please follow Steve on Twitter @stevegorelik and check out his firm Firebird Asset Management

    Also big thanks to the following sponsors for making the podcast a reality!

    Quartr

    Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from 12+ countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se

    If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android.

    Tegus

    Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best.

    I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself.

    Mitimco

    This episode is brought to you by MIT Investment Management Company -- also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests with a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. In order to help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.

    For those looking to start a stock-picking fund, or those just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more.

    • 1 hr 45 min
    How To Start A Hedge Fund: Yaron Naymark & @madThunderdome

    How To Start A Hedge Fund: Yaron Naymark & @madThunderdome

    Hey guys! Today is all about how to start a Hedge Fund and we have two amazing guests Yaron Naymark founder of 1 Main Capital and the anonymous twitter account @MadThunderdome to tell us all about it. Yaron Natymark shares his experience on bootstrapping a hedge fund while @MadThunderdome shares his experience on launching his hedge fund at an institutional level. 

    Here is the time-stamp of the conversation:


    [0:30] Introduction  
    [2:20] Yaron Naymark founder of 1 Main Capital: Bootstrapping a Hedge-fund 
    [8:50] Thunderdome Capital: Launching a Hedge Fund at Scale. 
    [18:20] How to differentiate your fund?  
    [24:20] Essential costs when bootstrapping a Hedge Fund. 
    [29:00] Non-Essential costs when launching Hedge Fund at Scale. 
    [32:00] Twitter Q&A: How to Balance Amount of Capital vs Terms of that Capital? 
    [43:00] Twitter Q&A: How to find ideas?  
    [47:38] Twitter Q&A: Differences running your own money and your fund’s money?  
    [1:00:00] Twitter Spaces Q&A: Biggest mistakes people make? 
    [1:05:00] Twitter Spaces Q&A: Fund Size is an enemy of returns? 
    [1:12:00] Twitter Spaces Q&A: Fee Structure and Operating Expenses per annum?

    Also big thanks to the following sponsors for making the podcast a reality!

    Quartr

    Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from twelve countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se

    If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android.

    Tegus

    Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best.

    I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself.

    Mitimco

    This episode is brought to you by MIT Investment Management Company -- also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests with a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. In order to help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. 

    For those looking to start a stock-picking fund, or those just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more. 

    MITIMCo also occasionally and opportunistically hires new members for their investment team. To view the job description, please visit

    • 1 hr 29 min
    Bauncey Chillups (@PrefShares): Court Vision, Financial Models & Video Game/Home Improvement Stocks

    Bauncey Chillups (@PrefShares): Court Vision, Financial Models & Video Game/Home Improvement Stocks

    This week we've got FinTwit Anon Bauncey Chillups or @PrefShares on Twitter. Bauncey dives deep into a host of topics, including: 


    Court vision: Bauncey's metaphor of basketball and investing
    The Dangers of Complex Financial Modeling
    Home Improvement Stocks
    Transition Investors
    Lessons Learned From Investing in Asset Plays 
    Call Options Embedded in AAA Video Game Stocks

    I thoroughly enjoyed this podcast. Bauncey is someone I've wanted to get on the podcast for a long time and I'm glad he took the time to do it. I learned a ton and I know you will too. 

    You can check out our time-stamp below: 


    [4:00] Court Vision
    [20:00] Financial Modeling and buying businesses that excite you
    [60:00] Home Depot $HD and Lowe's $LOW
    [67:00] Investing in Water Rights
    [73:00] General Dangers of Asset Play Investing
    [76:00] The Mt. Rushmore of Transition Investors
    [89:00] Bull Case on AAA Video Game Stocks
    [101:00] Closing Questions

    Also big thanks to the following sponsors for making the podcast a reality!

    MIT Investment Company (MITIMCO)

    This episode is brought to you by MIT Investment Management Company – also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests with a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. In order to help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. For those looking to start a stockpicking fund, or those just looking to learn about how others have done it, I highly recommend the site. You’ll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging stockpickers, and more.

    MITIMCo also occasionally and opportunistically hires new members for their investment team. To view the job description, please visit mitimco.org/global-investor - [that's M-I-T-I-M-C-O dot O-R-G slash global dash investor]. The MITIMCo team spends their time learning about great businesses and investments, working with exceptional investors around the world in order to support generations of MIT innovators.

    Tegus.co

    Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best.

    Since joining, I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself.

    Quartr App

    Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from twelve countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, a href="http://quartr.se" rel="u

    • 1 hr 32 min

Customer Reviews

4.8 out of 5
40 Ratings

40 Ratings

Coral 321 ,

Favorite podcast— I learn so much every time.

Always great takeaways.

sendmoarcats ,

Outstanding Podcast

Well thought out, constructive, and easy-to-listen to!

LabMaster485758 ,

One of the best investment podcasts out there!

I rarely write reviews but I felt I had to with this podcast

The one thing that really stands out to me about this podcast is the CONSISTENT quality interviews and guests.

Every podcast episode deserves a listen (literally) and will improve any investors (regardless of level/experience) knowledge and decision making in knowing how to navigate the ups and downs of the markets

Thanks! I’m a fan!

Top Podcasts In Business

You Might Also Like