Tobias Carlisle – The Contrarian Investor Podcast

Szn 4, Ep 6: The ‘Bad Times Are Already Here,’ With Acquirers Funds’ Tobias Carlisle

Published March 2, 2022

Tobias Carlisle of Acquirers Funds rejoins the podcast to discuss the stock market’s latest dramatic reversal, this time over Russia’s invasion of Ukraine, and why investors may be a bit too bullish at present…

Content Highlights

How to take the huge reversal last week with Russia-Ukraine? (3:11)
Every war starts with “the boys will be home by Christmas,” but most tend to drag on longer than anticipated. Sometimes a lot longer… (5:13);
Growth stocks have been in correction territory for some time. Are they in a bear market? Probably… (8:52);
The interest rate cycle has not started tightening but inflation has the Fed caught between a rock and a hard place (15:53);
Energy and energy stocks are still cheap. Then there are defense contractors. Lockheed Martin (LMT) has benefited from Russia-Ukraine and Carlisle is a holder… (21:25);
Facebook aka Meta (FB) is also cheap (23:20);
Non-fungible tokens, or NFTs: Dead as Disco (30:12);
The aim of investing is to survive the bad times and they are “probably here” (37:18).

Contrarian Calls Revisited: Tobias Carlisle’s Bearish COVID Outlook in March 2020

Published February 23, 2022

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 had an impact on supply chains.

“I think it’s very likely that we see material weakness all year long due to coronavirus,” he said at the time.

Season 2, Episode 6: Defending Value, Shorting Selectively With Tobias Carlisle

Published March 3, 2020

Coronavirus will hurt earnings and interest rate may not help much

Tobias Carlisle, founder of Acquirers Fund LLC, is well known in value investing circles. He defends this method while also pointing to the short opportunities that have emerged recently.

Where the macro picture is concerned, the coronavirus is still front and center. Here Carlisle expects corporate earnings to be impacted and doesn’t anticipate central banks being able to help much. (This podcast was recorded before the Federal Reserve’s 50 basis point cut announcement on March 3).

Highlights:

The case for value investing (4:28)
Coronavirus and the impact on supply chains (7:36) and how the market will react this year (8:47)
The fund’s short position in Tesla (12:58)
Favorite contrarian ideas right now, including short Etsy (21:25)
Exposure to energy (27:15)

Highlights From Our YouTube Channel

More information on the guest:

AcquirersMultiple.com for podcasts and other materials;
AcquirersFunds.com for information on the firm;
AcquirersFund.com for information about the fund;
Fund ticker: ZIG
Twitter: @Greenbackd

Not intended as investment advice.

Tag: Tobias Carlisle