Best Anchor Stocks (Best Anchor Stocks)

Last week François Rochon, founder of Giverny Capital, kindly gave me an hour of his time to talk with him about several investment related topics.

For more information related to Giverny Capital you can visit their webpage: https://givernycapital.com/en/

For more information about Best Anchor Stocks, visit our landing page: https://seekingalpha.com/mp/1399-best-anchor-stocks/articles

Link to Best Anchor Stocks: https://www.bestanchorstocks.com/

Link to Crossroads Capital: https://www.crossroadscap.io/

Link to latest annual letter of Crossroads Capital: https://www.crossroadscap.io/investor-letters/annual-letter-to-investors-2023

Don't forget to follow the show and leave a review if you enjoy it!

Topics covered...

1. What Ryan considers a high-quality company
2. How Ryan applies the past to his process
3. Thoughts on Big Tech and competition from China
4. Thoughts on Index Concentration
5. Are markets efficient?
6. The importance of a catalyst when investing in small cap
7. The investment case on Vistry and thoughts on the UK stock market
8. Nintendo and how the thesis is playing out

Disclosure: Nothing shared here is investment advice, participants might have positions in the securities discussed. Do your own due diligence.

Public.com disclosure: Options are not suitable for all investors and carry significant risk. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk. Investors must review the Options Disclosure Document (ODD): public.com/ODD. See Fee Schedule and Options Rebate & Referral T&Cs: public.com/disclosures. Brokerage services for US-listed securities and options offered through Public Investing, member FINRA & SIPC.

See terms of the Options Rebate Program. Rebate rates vary from $0.06-$0.18 and may depend on time of enrollment and number of referrals. Rates are subject to change at any time.

Welcome back to another episode! This time I was lucky enough to be joined by Lawrence Hamtil and Douglas Ott to discuss a relevant migration taking place in the US.

They recently uploaded a white paper on the topic discussing the industries and companies that could be most impacted by this trend. Here it is: https://andvariassociates.com/wp-content/uploads/2024/06/2024-06-Andvari-Fortune-Southern-migration.pdf

Lawrence and Doug also host (together with Devin Lasarre) an excellent and atypical podcast called 'Preferred Shares', which I definitely recommend following: https://open.spotify.com/show/0eAZkSKXiEhqT7o2nNplrO?si=172375d7111d498c

You can also listen to this podcast on Spotify: https://open.spotify.com/show/3IXMPlrhB3VOPTfTKBWJ2i?si=e40ad66bd0c14f8b

I'll also leave here a link to a webpage through which you can follow my writing: https://www.bestanchorstocks.com/ Don't forget to like the video and subscribe to the channel if you enjoy the episode. More to come!

All relevant links about me are here: https://t.co/d3PTtIpLbw

Podcast disclosure: Nothing said here is investing advice, the information is shared with educational purposes only. Do your own due diligence.

Public.com disclosure: Options are not suitable for all investors and carry significant risk. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk. Investors must review the Options Disclosure Document (ODD): public.com/ODD. See Fee Schedule and Options Rebate & Referral T&Cs: public.com/disclosures. Brokerage services for US-listed securities and options offered through Public Investing, member FINRA & SIPC.

See terms of the Options Rebate Program. Rebate rates vary from $0.06-$0.18and may depend on time of enrollment and number of referrals. Rates are subject to change at any time.

In this week's episode I discussed the three most important variables in investing (reinvestment rate, returns, and valuation) with my good friend Andy Feldman.

We discuss these topics and the topic of selling and cover a good number of companies like CME, Nasdaq, Judges Scientific, Constellation Software, MSCI, Intuit...

Feel free to leave a like or a review if you like it.

Best Anchor Stocks: https://www.bestanchorstocks.com/

Andy's newsletter: https://bizalmanac.substack.com/

Listen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube

Disclosure in Podcast Description: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC.

A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The 6%+ yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees, as of 12/13/2024. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule.

Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See Bond Account Disclosures to learn more.

Alpha is an AI research tool powered by GPT-4. Alpha is experimental and may generate inaccurate responses. Output from Alpha should not be construed as investment research or recommendations, and should not serve as the basis for any investment decision. Public makes no warranties about its accuracy, completeness, quality, or timeliness of any Alpha out. Please independently evaluate and verify any such output for your own use case.

*Terms and Conditions apply.

In today's episode I was lucky to be able to speak with Barry Schwartz and Ernest Wong from Baskin Wealth. Their investing philosophy is one of high-quality investing, but we go over many topics such as...

• How Ernest got hired at Baskin (comes with good advice for people who might be starting out)
• Why today is different to the dotcom era
• Disruption for tech companies and why we tend to overestimate it
• Adobe and generative AI
• Characteristics of a high quality company
• Dividend investing
• The advantages and disadvantages of leverage
• Capex of the big techs
• How they think about selling
• Mistakes
• Their favorite investment books

As you can see, we covered a lot.

I highly recommend going over Baskin Wealths' web page (https://baskinwealth.com/) and following their podcast (https://open.spotify.com/show/3ntwlj9GW7U1zcHbdgGP6F?si=5255de4333f44d4b)

As always, don't forget you can follow my writing at bestanchorstocks.com and my X account (@invesquotes).

Lastly, feel free to leave a follow and a review if you liked the content!

Disclaimer: As of the moment of this episode, participants might have positions in the securities discussed. The article is intended with information purposes only, do your own due diligence.

John Rotonti joined me for the first episode of 2025.

We discuss...

• John's upcoming role as a Portfolio Manager
• How he plans to fight the incentive structure that professional managers face
• The Qualities of industrial assets
• The current state of the market

Best Anchor Stocks: https://www.bestanchorstocks.com/

Islamorada: https://www.islainvest.com/

Listen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube

Disclosure in Podcast Description: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC.

A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The 6%+ yield is the average, annualized yield to worst (YTW) across all ten bonds in the Bond Account, before fees, as of 12/13/2024. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule.

Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See Bond Account Disclosures to learn more.

Alpha is an AI research tool powered by GPT-4. Alpha is experimental and may generate inaccurate responses. Output from Alpha should not be construed as investment research or recommendations, and should not serve as the basis for any investment decision. Public makes no warranties about its accuracy, completeness, quality, or timeliness of any Alpha out. Please independently evaluate and verify any such output for your own use case.

*Terms and Conditions apply.

In today's episode, Peter Mantas, partner of Logos LP, come to talk about the picks and shovels of the healthcare industry.

We discuss, among other topics...

1. The healthcare industry in general
2. The bioprocessing sub-segment
3. The parts of the value chain that can potentially add the most shareholder value
4. How AI can impact the value chain
5. Much more

Don't forget to subscribe to bestanchorstocks.com if you like the content and follow me on X (@invesquotes). I have covered the industry and own one the highest-quality companies in the space.

Podcast Disclosure: This podcast is intended with informational purposes only. Do your own due diligence.

Public.com Disclosure: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. The [6.7%] yield is the average annualized yield to maturity (YTM) across all ten bonds in the Bond Account, before fees, as of [9/05/2024]. A bond’s yield is a function of its market price, which can fluctuate; therefore a bond’s YTM is “locked in” when the bond is purchased. Your yield at time of purchase may be different from the yield shown here. The “locked in” YTM is not guaranteed; you may receive less than the YTM of the bonds in the Bond Account if you sell any of the bonds before maturity, or if the issuer calls or defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule.

Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. You should evaluate each bond before investing in a Bond Account. The bonds in your Bond Account will not be rebalanced and allocations will not be updated, except for Corporate Actions.

Fractional Bonds also carry additional risks including that they are only available on Public and cannot be transferred to other brokerages. Read more about the risks associated with fixed income and fractional bonds. See Bond Account Disclosures to learn more.

In this episode, Leandro talks with Chris Mayer, author of 100 baggers and portfolio manager at the Woodlock House Family Capital Fund. Chris talks about his investment philosophy and both also discuss Copart (CPRT)

Hi again!

It has been a long time since the last episode, but I'll start uploading these more recurrently from now on. In this episode I discuss with my good friend Drew Cohen about the characteristics that make a company a high-quality company. We also share the highest-quality company we've ever researched.

Drew and I have also written some articles related to this topic, here they are...

My article: https://www.bestanchorstocks.com/p/the-traits-of-a-high-quality-company

Drew's article: https://t.co/IB7BWV8ErA

I also recommend checking our investment research services out. You can find mine at bestanchorstocks.com and Drew's in https://speedwellresearch.com/.

As always, don't forget to follow the podcast and leave a review if you enjoy the content.

Link to Best Anchor Stocks, my investment research service focused on high-quality companies: www.bestanchorstocks.com

Link to Palantir Bullets, Arny's blog focused on Palantir: https://www.palantirbullets.com/

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This is a first-of-a-kind episode as it’s a deep dive into a specific company: Palantir. Palantir is known today for its hot stock, but not many people understand what the company does or why it’s accelerating its growth as it scales. This podcast aims to touch both sides of the story: the business and the valuation.

To help me I was lucky enough to be joined by Arny Trezzi, an individual investor that has done deep research on Palantir and holds it as one of its main positions. We discuss…

• The concept of asymmetry
• What the company does
• Its competitive advantages
• And valuation among other things

I hope you enjoy this episode and feel free to subscribe if you do!

Public.com disclosure: Brought to you by Public Investing, member FINRA + SIPC. As of 9/26/24, the average, annualized yield to worst across the Bond Account is greater than 6%. Yield to worst is not guaranteed. Not an investment recommendation. All investing involves risk. Visit public.com slash disclosures slash bond dash account for more info.

Welcome again to the Best Anchor Stocks podcast! I was lucky this time to speak with Christian Billinger about the Spirits Industry. It has been a rocky ride for the industry, and we go over all the relevant topics like...

1. What the industry is and its history
2. Growth drivers
3. Competitive dynamics
4. Main players
5. Challenges and headwinds
6. The current state of the industry

If you are looking for an introduction to the industry, this podcast is for you. I also wrote a primer on the industry a while ago which you can find here: https://www.bestanchorstocks.com/p/a-resilient-growth-industry-but-not?r=1sqo5u&utm_campaign=post&utm_medium=web

Don't forget to subscribe to bestanchorstocks.com if you like the content and follow me on X (@invesquotes)

Podcast Disclosure: This podcast is intended with informational purposes only. Do your own due diligence.

Public.com Disclosure: Options are not suitable for all investors and carry significant risk. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk. Investors must review the Options Disclosure Document (ODD): public.com/ODD. See Fee Schedule and Options Rebate & Referral T&Cs: public.com/disclosures. Brokerage services for US-listed securities and options offered through Public Investing, member FINRA & SIPC.

See terms of the Options Rebate Program. Rebate rates vary from $0.06-$0.18 and may depend on time of enrollment and number of referrals. Rates are subject to change at any time.

In today's episode I have a conversation with George Livadas, founder of Upslope Capital Management. George follows a Long/Short Investment strategy and he explains why he believe this to be a strategy that fits his investment philosophy.

We also go over other topics like...

• The characteristics of a quality company
• Thoughts on shorting
• Investment process
• Luck and mistakes
• The current market environment

Here's Upslope's website: https://www.upslopecapital.com/

And here's Best Anchor Stocks,' website my investment research service where you'll find plenty of content related to quality investing: https://www.bestanchorstocks.com/

Public.com disclosure: Brought to you by Public Investing, member FINRA + SIPC. As of 9/26/24, the average, annualized yield to worst across the Bond Account is greater than 6%.Yield to worst is not guaranteed. Not an investment recommendation. All investing involves risk. Visit public.com slash disclosures slash bond dash account for more info.

Welcome to a new episode of the Best Anchor Stocks podcast. Today, I have the pleasure of talking with Christian Billinger, chairman of Billinger Forvaltning AB, a privately held investment company based in Karlstad, Sweden.

I decided to contact Christian after listening to him speak about quality investing, as I believe the investment style of Billinger Forvaltning is pretty similar to that of Best Anchor Stocks. We focused the conversation on quality investing and on the concept of “hiding in plain sight.”

I have prepared a transcript of the conversation in case you prefer reading it. You can find it in my Substack.

Disclaimer: Nothing said in this conversation should be considered investment advice of any kind. Do your own due diligence. The participants may or may not have positions in the securities discussed.