@bkaellner Good presentation on it by @MattPetersonCFA on @manualofideas. Also mentions possible reason freeing up cash for other ideas. Great discussion here https://t.co/eEGgzluCPv both seem to still like it.
Also watch % of shares sold short. 15 days to cover. Could cause some big moves— Max Busch (@SteigerwaldValu)
Feb 22, 2022
Safe haven: Gold or Bitcoin?
We found out today. https://t.co/Z9smsr8pu6
— David Ingles (@DavidInglesTV)
Feb 24, 2022
Happy sharing the annual letter. Love the process and also relieved to be wrapped. Good news: the left-bank smells like Bordeaux! Also, I’m not really installing a wind turbine to heat the pool. Neighbors. Stuck with nat gas when the solar heater fails.
https://t.co/hT4d5pHw54— Christopher Bloomstran (@ChrisBloomstran)
Feb 24, 2022
Another absolute masterpiece, courtesy of @ChrisBloomstran —
https://t.co/C6yc3YMdXD https://t.co/uc9A0lySK0
— Shai Dardashti (@ShaiDardashti)
Feb 23, 2022
https://t.co/CkKmzS8hLX
— Daniel Gladiš (@danielgladis)
Feb 23, 2022
Enjoy your evening. https://t.co/R6q1OOBzJn
— Daniel Gladiš (@danielgladis)
Feb 23, 2022
S2E23: Why Executive Compensation Matters | How the Market Thinks
February 22, 2022 in Audio, Podcast, This Week in Intelligent InvestingIt’s a pleasure to share with you Season 2 Episode 23 of This Week in Intelligent Investing, co-hosted by
- Phil Ordway of Anabatic Investment Partners in Chicago, Illinois;
- Elliot Turner of RGA Investment Advisors in Stamford, Connecticut; and
- John Mihaljevic of MOI Global in Zurich, Switzerland.
Enjoy the conversation!
In this episode, Phil Ordway, Elliot Turner, and John Mihaljevic discuss
- executive compensation, and why the details should matter to long-term investors; and
- Covid winners and losers: were the winners really the losers, and vice versa?
Related Links
- The hidden leverage of stock-based compensation by Jamie Powell, referenced by Phil
Follow Up
Would you like to get in touch?
Follow This Week in Intelligent Investing on Twitter.
Engage on Twitter with Elliot, Phil, or John.
Connect on LinkedIn with Elliot, Phil, or John.
This Week in Intelligent Investing is available on Amazon Podcasts, Apple Podcasts, Google Podcasts, Pandora, Podbean, Spotify, Stitcher, TuneIn, and YouTube.
If you missed any past episodes, you can listen to them here.
About the Podcast Co-Hosts
Philip Ordway is Managing Principal and Portfolio Manager of Anabatic Fund, L.P. Previously, Philip was a partner at Chicago Fundamental Investment Partners (CFIP). At CFIP, which he joined in 2007, Philip was responsible for investments across the capital structure in various industries. Prior to joining CFIP, Philip was an analyst in structured corporate finance with Citigroup Global Markets, Inc. from 2002 to 2005. Philip earned his B.S. in Education & Social Policy and Economics from Northwestern University in 2002 and his M.B.A. from the Kellogg School of Management at Northwestern University in 2007, where he now serves as an Adjunct Professor in the Finance Department.
Elliot Turner is a co-founder and Managing Partner, CIO at RGA Investment Advisors, LLC. RGA Investment Advisors runs a long-term, low turnover, growth at a reasonable price investment strategy seeking out global opportunities. Elliot focuses on discovering and analyzing long-term, high quality investment opportunities and strategic portfolio management. Prior to joining RGA, Elliot managed portfolios at at AustinWeston Asset Management LLC, Chimera Securities and T3 Capital. Elliot holds the Chartered Financial Analyst (CFA) designation as well as a Juris Doctor from Brooklyn Law School.. He also holds a Bachelor of Arts degree from Emory University where he double majored in Political Science and Philosophy.
John Mihaljevic leads MOI Global and serves as managing editor of The Manual of Ideas. He managed a private partnership, Mihaljevic Partners LP, from 2005-2016. John is a winner of the Value Investors Club’s prize for best investment idea. He is a trained capital allocator, having studied under Yale University Chief Investment Officer David Swensen and served as Research Assistant to Nobel Laureate James Tobin. John holds a BA in Economics, summa cum laude, from Yale and is a CFA charterholder.
The content of this podcast is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information set forth on this podcast. The podcast participants and their affiliates may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated on this podcast. [dkpdf-remove]We have released a letter to all Hasbro $HAS shareholders. We have nominated 5 highly qualified directors to the company’s Board. Enjoy the fan-made card below and read on to #FreeTheWizards
Letter to Shareholders: https://t.co/VYu8EEq2td
Full Website: https://t.co/gDRIMcVrt3 https://t.co/M2dmz6rQAa— Connor Haley (@AltaFoxCapital)
Feb 17, 2022
Alta Fox is excited to announce its highest conviction current position: $HAS. We are a top 10 shareholder and today announced we have nominated 5 directors to the company’s Board. Check out our video below and visit https://t.co/7KoPXdEKSV for more information. https://t.co/grj9gDdD16
— Connor Haley (@AltaFoxCapital)
Feb 17, 2022
S2E22 SPECIAL: Adam J. Schwartz on Designing a Business to Fit Your Investment Approach
February 15, 2022 in Audio, Podcast, This Week in Intelligent InvestingIt’s a pleasure to share with you Season 2 Episode 22 of This Week in Intelligent Investing, co-hosted by
- Phil Ordway of Anabatic Investment Partners in Chicago, Illinois; and
- John Mihaljevic of MOI Global in Zurich, Switzerland.
Enjoy the conversation!
In this special episode, co-hosts Phil Ordway and John Mihaljevic speak with Adam J. Schwartz, Chief Investment Officer of Black Bear Value Partners, about the challenge and opportunity of designing an investment business that is most congruent with the manager’s investment philosophy.
About the Guest:
Adam J. Schwartz manages Black Bear Value Partners. He has nearly two decades of buy-side investment experience in a variety of themes including equities, structured products, corporate credit and capital structure arbitrage. Prior to founding the Investment Manager, Adam served as a Director and senior member of the investment team at Fir Tree Partners, a $13BB peak-AUM multi-strategy investment manager (2007-2015). Prior to joining Fir Tree, Adam was an Investment Analyst at LibertyView Capital Management, a multi-strategy investment fund within Lehman Brothers, as well as at Kore Advisors, an investment fund seeded by Paloma Partners. Adam received his BS and MS with a concentration in Accounting from Washington University in St. Louis.
Follow Up
Would you like to get in touch?
Follow This Week in Intelligent Investing on Twitter.
Engage on Twitter with Elliot, Phil, or John.
Connect on LinkedIn with Elliot, Phil, or John.
This Week in Intelligent Investing is available on Amazon Podcasts, Apple Podcasts, Google Podcasts, Pandora, Podbean, Spotify, Stitcher, TuneIn, and YouTube.
If you missed any past episodes, you can listen to them here.
About the Podcast Co-Hosts
Philip Ordway is Managing Principal and Portfolio Manager of Anabatic Fund, L.P. Previously, Philip was a partner at Chicago Fundamental Investment Partners (CFIP). At CFIP, which he joined in 2007, Philip was responsible for investments across the capital structure in various industries. Prior to joining CFIP, Philip was an analyst in structured corporate finance with Citigroup Global Markets, Inc. from 2002 to 2005. Philip earned his B.S. in Education & Social Policy and Economics from Northwestern University in 2002 and his M.B.A. from the Kellogg School of Management at Northwestern University in 2007, where he now serves as an Adjunct Professor in the Finance Department.
Elliot Turner is a co-founder and Managing Partner, CIO at RGA Investment Advisors, LLC. RGA Investment Advisors runs a long-term, low turnover, growth at a reasonable price investment strategy seeking out global opportunities. Elliot focuses on discovering and analyzing long-term, high quality investment opportunities and strategic portfolio management. Prior to joining RGA, Elliot managed portfolios at at AustinWeston Asset Management LLC, Chimera Securities and T3 Capital. Elliot holds the Chartered Financial Analyst (CFA) designation as well as a Juris Doctor from Brooklyn Law School.. He also holds a Bachelor of Arts degree from Emory University where he double majored in Political Science and Philosophy.
John Mihaljevic leads MOI Global and serves as managing editor of The Manual of Ideas. He managed a private partnership, Mihaljevic Partners LP, from 2005-2016. John is a winner of the Value Investors Club’s prize for best investment idea. He is a trained capital allocator, having studied under Yale University Chief Investment Officer David Swensen and served as Research Assistant to Nobel Laureate James Tobin. John holds a BA in Economics, summa cum laude, from Yale and is a CFA charterholder.
The content of this podcast is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information set forth on this podcast. The podcast participants and their affiliates may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated on this podcast. [dkpdf-remove]