Value After Hours S06 E01: Christopher Tsai on $TSLA, growth investing, and his mentor Ron Baron

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at acquirersmultiple.com/podcast
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Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations.
We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.
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ABOUT TOBIAS CARLISLE
Tobias Carlisle is the founder of The Acquirer’s Multiple®, and Acquirers Funds®.
He is best known as the author of the #1 new release in Amazon’s Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (amzn.to/2VwvAGF), Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016) (amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law.
Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam.
He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).

[@bent4838]

Christopher is gold! Great guest Toby, I really enjoyed hearing his view on Tesla and his history.

[@mikebartlett723]

What a genuinely interesting discussion. Nice to hear an investing podcast actually talk about an investment in real depth. More of the same please 👏

[@ledonuthole]

Would highly recommend business breakdown podcast if you aren’t listening already!

[@mikebartlett723]

Brilliant recommendation, thanks! Listened to the Visa episode on the commute home. @@ledonuthole

[@TheArtofValue]

Fascinating veges, with some history of the early auto industry, thanks.

[@GoodInvestingTalks]

That was a fun conversation. Thanks for sharing it! 😊

[@RaphaelGuien]

Sounds exciting Mr Tsai.
I'll go ahead and buy more Berkshire

[@chuckdiezel7652]

Good to have you back. Reading Terry Smith book now and he talks a lot about internal reinvestment… good conversation

[@Sp1ash99]

See the FT headline that Fundsmith suffered net withdrawals all last year? underperforming MSCI world index since 2020.

[@chuckdiezel7652]

@@Sp1ash99 probably a good time to invest in the fund after a period of underperformance

[@ClubDeGreece]

Since hedge funds manage millions/billions how do they mitigate against the risk of loosing their capital if a broker they use goes bust? They arent covered definitely for millions/billions but only for a few thousands

[@ynsam]

Happy 6th!!!

[@DnBPK6]

Veggies - 32:10

[@tcookoye]

Very unlikely Tesla will dominate the EV market or maintain margins at high enough level to justify Tesla's valuation.

[@michaelbird6741]

Always interesting to hear people defend their positions.

[@leswhynin913]

Agree. The veggies story about the history of the auto industry highlights how it's always been a highly competitive, fragmented sector

[@BnibroC69]

You could have made this same comment 10 years ago

[@bent4838]

Is the appropriate analogy the car industry or the mobile phone industry?