Press "Enter" to skip to content

Category: Season 2

Season 2, Episode 24: Math and Algorithms Are Overrated When it Comes to Investing

With Eric Chung, CIO, Lighthaven Capital Management

Eric Chung, chief investment officer of Lighthaven Capital Management, joins the podcast to discuss his view that math, financial models, and algorithms are insufficient when it comes to investing.

“The widespread use of math in the investment management industry, while it can be helpful … I think there’s been some pretty significant overreliance on these things,” says Chung.

Content Highlights (Spotify users can skip to the segment by clicking on the timestamp):

  • The example of Long Term Capital Management and how it got him to take notice (2:41);
  • Not enough has been written about the fallacy risk parity (13:59);
  • Background on the guest (24:36);
  • Lighthaven Capital’s investing strategy (28:30);
  • Chung’s decision to de-risk the portfolio in Q1 (31:49);
  • The “external, exogenous factors” that go into his risk models (34:59);
  • A Joseph Biden presidency and what it could mean for markets (37:39);
  • What is the market getting wrong right now? (39:05);
  • Contrarian opinion on the potential Biden administration’s stance toward China (46:42);
  • Reasons for optimism (49:49).

More Information on the Guest:

Not intended as investment advice.

Leave a Comment

Season 2, Episode 23: The COVID Disconnect And The Coming ‘Melt Up’ In Markets

With Enrique Abeyta, Empire Financial Research

The evolution of media has led to a “disconnect” between the reality of coronavirus and public perception of the pandemic, according to Enrique Abeyta of Empire Financial Research.

“We are on the precipice of COVID almost being over, or functionally as a major impact on society, mortality, etc.,” says Abeyta. This, along with unprecedented liquidity injections by the Federal Reserve, will lead to a melt-up in global financial markets.

Highlights:

  • The disconnect in popular political and economic analysis and the actual situation with COVID in the U.S. (4:38);
  • Look at the numbers in aggregate; they are clearly declining (8:52);
  • The war on COVID is almost over and the coronavirus could effectively be over “in six weeks” (12:52);
  • What does all this mean for investors? Look at gyms and movie theaters (16:07);
  • A simple options strategy to play the coming melt-up that looks a lot like 1999 (18:07);
  • Three contrarian views and why the coming melt-up will be the best investing and trading environment in a generation (24:48);
  • Background on the guest (27:33);
  • How do you get your ideas? (39:28);
  • The “V-word” and why it doesn’t matter and doesn’t work (41:10);
  • The case for Match.com (42:48);
  • “Shorting sucks” (45:04);
  • Asset management is a religion (49:21);
  • Short discussion of risks (51:12).

More Information on the Guest

Not intended as investment advice.

Quick Highlights From Our YouTube Channel

Leave a Comment

Season 2, Episode 22: Time to Build a Position in Semiconductor Manufacturers?

With Siddarth Singhai, Ironhold Capital

Siddarth Singhai of Ironhold Capital joins the podcast to discuss his views of semiconductor manufacturers and auto parts suppliers. He also shares his bullish views on industry sectors in his native India.

Content Segments:

  • Singhai’s look at the macro situation with COVID (3:27);
  • The cyclical nature of the semiconductor industry (5:59);
  • Long-term prospects are “fantastic,” and the macroeconomic environment should allow for the opportunity to build positions (8:06);
  • Electrical cars will provide a tailwind to auto manufacturers (10:40);
  • Background on the guest (13:52);
  • The most profitable industry in India (17:19);
  • Favorite ideas in semiconductor suppliers (27:04);
  • Favorite ideas in automotive suppliers (32:14).

More Information on the Guest:

  • Ironhold Capital is a value-based hedge fund in New York focused on leveraging both the Indian and U.S. markets. Its priority is to preserve capital, which is accomplished by buying high quality businesses with no leverage for cheap, followed by layers of risk management.
  • Website: IronholdCapital.com
  • YouTube Channel: Leaders in Business and Investing
  • Podcast: via Spotify and Apple Podcasts

Not intended as investment advice.

Quick Highlights From Our YouTube Channel

Leave a Comment