Top Podcasts of the Week

November 09, 2020

Below is our “Top Podcast” episode with our curator, Colby Donovan!

Today we have a deep dive on how to value intangible assets, volatility expert Chris Cole on the current investing landscape, and a former 76ers GM Sam Hinkie with a look back on his time in Philadelphia and his current business ventures.

Investing

  • People I (Mostly) Admire: 6. Nathan Myhrvold: “I Am Interested in Lots of Things, and That’s Actually a Bad Strategy.” Myhrvold has an incredible background — he graduated high school at 14, earned multiple graduate degrees and was a research assistant with Stephen Hawking at 23, and then became the first Chief Technology Officer at Microsoft without having studied computer science. He then left to start his own firm to tackle audacious goals, like slowing hurricanes, solving climate change, and how to make the best pizza. He is incredibly bright and inspiring to listen to. [October 30, 2020–47 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

  • Odd Lots: Michael Mauboussin On Valuing Intangible Assets. Mauboussin is the Head of Consilient Research at Counterpoint Global (part of Morgan Stanley) and recently released a paper about how to value intangible assets. He covers it from all angles, including the increase of intangible assets for most firms over time, why traditional accounting rules haven’t caught up with this shift, and how public market investors have accounted for this on their own. He also touches on the impact CapEx related to intangibles has on the income statement, which is unlike CapEx spent on traditional PP&E, and why the value of intangibles isn’t realized until M&A occurs in most occasions. [November 5, 2020–43 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

  • The Grant Williams Podcast: The End Game Ep. 10 — Chris Cole. Cole works for Artemis Capital Management and is the guy when it comes to volatility. His thesis is the only asset class left is volatility (short & long), the rise of the option market which he believes is whipping around the market since dealers have to hedge, and the impact of the Fed’s actions on the market. He also talks about Mike Green’s thesis on the rise of passive investing impacting the market and the ensuing disaster awaiting the underfunded pension funds across the country. [November 4, 2020–1 hour, 45 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

  • ETF Prime: Volatility & the Election. At the 44 minute mark, Andrew Mies, CIO at 6 Meridian, joins the episode to discuss his firm’s decision to move the majority of their clients’ assets from SMA’s to an ETF. He gives the explanation of why the firm chose to provide clients with that option to ease their tax and reporting requirements, why the vast majority of clients chose to convert their accounts to the ETF, and why he thinks all RIA’s need to consider this option. [November 3, 2020–59 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

  • Financial Advisor Success: Ep 201: Building A Scalable Advisor Marketing Engine That Eliminates Reliance On Rainmakers Or Referrals With John Wernz. If your firm is looking to increase or market more efficiently, this is a must listen. Wernz is the former chief marketing officer for Wealth Enhancement Group, an independent RIA based in Minneapolis that has nearly 20 billion of AUM. A significant portion of the firms growth has come from organic growth due to marketing efforts led by Wernz. He explains how he used data analytics to target the optimal clients for his firm, leveraging third-party data sources to target prospects. He also goes deep into the economics of the marketing and why his firm is comfortable spending thousands of dollars on customer acquisition based on the prospect’s potential lifetime revenue. [November 3, 2020–1 hour, 45 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

The Meb Faber Show

  • The Meb Faber Show: #262 — Ihor Dusaniwsky, S3 Partners — When People Say ‘Shorts Only Kill The Stock Price’…No…There’s A Two Way Street In Their Activity. Dusaniwsky is the Managing Director of Predictive Analytics for S3 Partners, a financial analytics firm focused on delivering real-time, unbiased stock loan data to investors. He does a deep dive into short selling, how it works, and the information he provides to hedge fund clients. He also talks about short squeezes he’s seen this year, what it’s been like to watch Tesla’s fight with the shorts, and why investors need to be careful when shorting stocks. [November 4, 2020–58 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

  • The Meb Faber Show: Episode #263: Best Idea Show — Julian Klymochko, Accelerate Financial Technologies, “The Purpose, And What We’re Really Seeing The SPAC Emerge This Year For, Is To Truly Raise Growth Capital For Growth Businesses. Klymochko is founder and CEO of Accelerate Financial Technologies, a firm offering a range of ETF’s including one on SPAC arbitrage, which is the focus of this episode. He goes deep into how SPACs work, what options shareholders have if they don’t like the deal, what the typical outcome is to the upside once a deal closes, and how the arbitrage opportunity works. He explains how his arbitrage ETF is structured and how much AUM it can handle given the current SPAC landscape. [November 6, 2020–58 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

The Rest

  • ESPN Daily: Bonus Episode: A Rare Conversation with Former Philadelphia 76ers GM Sam Hinkie. Hinkie is the former architect of “The Process” as the GM of the Philadelphia 76ers who was let go right as the team began to turn the corner and had Joel Embiid. He now has the awkward position of having his former boss and close friend, Daryl Morey, being hired as the President of Basketball Operations. He does a tell-all about his look back on his time with the 76ers, how much he pays attention to the team since being let go, and what went into his decision to launch a venture capital firm, Eighty-Seven Capital. If you’re a Hinkie fan, I suggest listening to this older episode from 2018 with him about his approach to life and business. [October 30, 2020–1 hour, 45 minutes] iTunes Podcast | Spotify | Google | Breaker | Website Link

RECOMMENDATIONS
Books

Dave Nemetz (Founder, Bleacher Report):

Barry Eggers (Founding Partner, Lightspeed Venture Partners):

Good investing,

Meb Fabertheideafarm.com