Each episode of this podcast seeks to produce a contrarian investment thesis, or at the very least a contrarian view on the state pf global financial markets.
How do these calls work out? It usually takes a good stretch of time for the proverbial jury to reach a verdict. Sometimes, a definitive assessment is impossible. Many predictions lack specific price targets or timing information, while others don’t even mention individual securities (or ETFs that can serve as proxies). And of course new information is constantly being revealed that could retroactively vindicate the call — or render it pointless.
Nevertheless, it is an informative exercise to look back at some of these calls in an attempt to see how they worked out. That is the point of this section of the website.
The Contrarians
- Gav Blaxberg, chief executive officer at Wolf Financial, said he favored stocks that are popular on social media and discussed the Gamestop (GME) surge in the Season 3, Episode 13 episode from June 2021. “You look for companies that either have very recognizable management or leaders… growth stocks that have blown out of the water their fundamentals,” ...Read more to find out what happened
- Leo Schmidt, chief investment officer of River Eddy Capital Management, favored energy, aircraft leasing and 5G infrastructure development stocks in a February 2021 episode. Among energy stocks, Schmidt liked natural gas transmission company Equitrans Midstream (ETRN). “No matter what you think about the price of natural gas, it needs to be moved,” he said. “And we have ...Read more to find out what happened
- Liz Hall said she was interested in Games Workshop (GMWKF) and Nintendo (NTDOY), in a September 2020 visit to the podcast. Hall said she discovered Games Workshop, which manufactures Warhammer figurines and hobby collections, and knew she had to invest “because the people were so passionate.” She saw similar potential in Nintendo (NTDOY) and purchased the stock ...Read more to find out what happened
- Aquirers Fund founder Tobias Carlisle said the market was underestimating the impact of COVID-19 and made a case for value investing and his preferred shorts in a March 2020 episode, recorded on Feb. 26. Carlisle said he could see “the market get hammered again” later in the year and that unlike other public health scares, COVID-19 ...Read more to find out what happened
- Theron de Ris of Eschler Asset Management was bullish on energy, precious metals and royalty and streaming companies in the mining market in November 2020. Precious metals were in an up-trend but 2020 was the “first year we’ll be seeing some institutional interest develop,” de Ris said at the time. Additionally, “gold is kind of a bet ...Read more to find out what happened
- After stocks sold off last September (sound familiar?), Contrarian Macro Advisors’ David Hunter assured listeners the real stage of the melt-up in risk assets was still ahead. “This does not take away the melt-up scenario,” Hunter said of the September swoon, “In fact, this is kind of a fake out, sell off … I do ...Read more to find out what happened
- Presenting at the second Contrarian Investor Virtual Conference on June 3, 2020, David Neuhauser of Livermore Partners made the bullish case for Vista Oil (VIST). Vista, “the leading pure play company in the Vaca Muerta basin,” interested Neuhauser because of its strong leadership and management, the large number of undeveloped locations in the basin and “an ...Read more to find out what happened
- On a very early episode of this podcast (its fourth, actually), Mark Jones of Pragmatic Capital made the bullish case for AMC’s stock. At the time of the recording, May 2019, AMC had been in the doldrums for some time over concerns with its debt. It was trading around $15 per share after suffering for years. ...Read more to find out what happened
- Scott Colbert, chief economist at Commerce Trust Company, on the eve of last November’s presidential election predicted a ‘blue wave’ followed by a rotation into value stocks. “The Democratic turnout is going to be much larger than it was, and that’s enough right there to carry most of those swing states back to the Democratic side,” ...Read more to find out what happened
- Gabriele Grego of Quintessential Capital Management used the inaugural Contrarian Investor Virtual Conference to announce his short of Akazoo (NASDAQ:SONG). “We believe Akazoo is a scheme orchestrated by management to profit while egregiously deceiving investors,” Grego said during the presentation. “We see signs of very suspicious accounting manipulation,” including cash inconsistencies and “a total lack ...Read more to find out what happened
We will be adding more entries to this often, so be sure to check back again soon.