Before heading out to enjoy the long weekend, I chatted with Brandon Beylo from Value Hive. Have a listen wherever you happen to get your podcasts.
We talked about …
- Minera Alamos, how the Copperstone mine restart in Arizona significantly de-risks a company held hostage by Mexican permits, and broken microcap Star Royalties accidentally transforming into a potential multi-bagger because of it.
- The Comstock value proposition. The path and potential pitfalls on the way to $20 per share.
- My distressed preferred share buy is revealed, and why I think it’s the fulcrum security for a valuable set of assets.
- The art of squatting on illiquid positions.
- Artificial Intelligence and the future of equity analysis.
- The difference between the Toronto Maple Leafs and Washington Capitals as portfolio managers.
Learning from failure
I mentioned having dinner with Eddie Lampert to learn from his failures at Sears Holdings. Since Eddie isn’t breaking bread with me anytime soon, I also talked about Bill Ackman’s postmortems as valuable learning tools. Here are some of those videos and there are others related specifically to Herbalife, Gotham Capital and Target.
- The failed investment in JCPenney.
- Valeant Pharmaceuticals and rebuilding after total loss.
- Keys to long term success.
