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Episodes
Eric Schleien discusses value investing, rational investment analysis, and vital mental models.
Episodes
Friday Sep 21, 2018
Friday Sep 21, 2018
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Show Summary:
In this episode, I interview Danielle Strachman who is the general partner of the 1517 fund. What is the 1517 fund you might be asking? Well, it’s pretty rad, hence why I wanted to bring Danielle on the show. 1517 supports teams with grant, pre-seed, and seed funding for technology startups. Their focus is on makers, hackers, and scientists interested in working outside tracked institutions because they believe that the path geared towards higher education is not for all. And unlike Shark Tank, where it’s all about the hot marketing pitch, they have a very different philosophy on how they find their founders - one which I believe makes for a much more “Intelligent” & rational investment framework for this space.
For more about their philosophy and how they do things, I HIGHLY recommend reading what Danielle wrote on Medium called The 1517 Anti-Pitch Playbook. The link is here: https://medium.com/1517/a-1517-anti-pitch-playbook-683f70ffa85c
Danielle also has a very fascinating background. In 2010, during the founding of the Thiel Fellowship, she joined the organization to lead the design and operations. She is the visionary behind the Thiel Summit series that has been attended by some 2000 young entrepreneurs. Previous to her work with Peter Thiel, Danielle founded and directed Innovations Academy in San Diego, a K-8 charter school serving 350 students, with a focus on student-led project based learning and other alternative programs.
Basically, this woman is a total badass and it was an honor to have her on the show.
For more info on the 1517 Fund you can go to: http://www.1517fund.com
To read some of their articles you can check out their Medium page here: https://medium.com/@1517
To get in contact with Danielle directly (do you have a tech idea that’s scalable and think it can change the world but nobody will listen to you?…then def email her!!): danielle@1517fund.com
Hope you enjoy the episode!
Kindly,
Eric Schleien
Tuesday Jul 31, 2018
Tuesday Jul 31, 2018
In this episode, I interview Whitney Tilson who is the founder of Kase Learning and someone I have known since I'm a teenager. Before starting Kase Learning, Whitney founded and, for nearly two decades, ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. He is also the co-founder of Value Investor Insight, an investment newsletter. Whitney has co-authored two books, The Art of Value Investing: How the World's Best Investors Beat the Market (2013) and More Mortgage Meltdown: 6 Ways to Profit in These Bad Times (2009), was one of the authors of Poor Charlie’s Almanack (2005), the definitive book on Berkshire Hathaway Vice Chairman Charlie Munger, and has written for Forbes, the Financial Times, Kiplinger’s, the Motley Fool and TheStreet.com. He was featured in two 60 Minutes segments in December 2008 about the housing crisis (which won an Emmy) and in March 2015 about Lumber Liquidators, was one of five investors included in SmartMoney’s 2006 Power 30, was named by Institutional Investor in 2007 as one of 20 Rising Stars, has appeared dozens of times on CNBC, Bloomberg TV and Fox Business Network, was on the cover of the July 2007 Kiplinger’s, has been profiled by the Wall Street Journal and the Washington Post, and has spoken widely on value investing and behavioral finance.
He served for two years on the Board of Directors of Cutter & Buck, which designs and markets upscale sportswear, until the company was sold in early 2007. Prior to launching his investment career in 1999, Mr. Tilson spent five years working with Harvard Business School Professor Michael E. Porter studying the competitiveness of inner cities and inner-city-based companies nationwide. He and Professor Porter founded the Initiative for a Competitive Inner City, of which Mr. Tilson was Executive Director. Mr. Tilson also led the effort to create ICV Partners, a national for-profit private equity fund focused on minority-owned and inner-city businesses that has raised nearly $500 million. Before business school, Mr. Tilson was a founding member of Teach for America and then spent two years as a consultant at The Boston Consulting Group.
Mr. Tilson received an MBA with High Distinction from the Harvard Business School, where he was elected a Baker Scholar (top 5% of class), and graduated magna cum laude from Harvard College, with a bachelor’s degree in Government. Mr. Tilson is an avid mountaineer and has climbed Mt. Kilimanjaro, Mt. Blanc, the Matterhorn and the Eiger. He also competes in obstacle course races regularly and is the all-time record holder in the 50+ age group at the 24-hour World’s Toughest Mudder, having completed 75 miles and nearly 300 obstacles in 2016. Mr. Tilson spent much of his childhood in Tanzania and Nicaragua (his parents are both educators, were among the first couples to meet and marry in the Peace Corps, and have retired in Kenya). Consequently, Mr. Tilson is involved with a number of charities focused on education reform and Africa. For his philanthropic work, he received the 2008 John C. Whitehead Social Enterprise Award from the Harvard Business School Club of Greater New York. He was a member (and, for two years, served as Chairman) of the Manhattan chapter of the Young Presidents’ Organization. Mr. Tilson lives in Manhattan with his wife and three daughters.
Kase Learning Website: https://www.kaselearning.com/
Hope you enjoy the episode!
Best,
Friday Jul 06, 2018
Friday Jul 06, 2018
Hello, it's Eric Schleien again! On this episode, I interview Tom Jacobs of Huckleberry Capital Management. We discuss special situations investments and unravel a very interesting financial mystery as it relates to a relatively unknown investment manager many decades ago.... Maurece Schiller.
{the sound is a little weird at the beginning and I did my best to fix the sound here}
To find out more about Tom and Hucklberry, visit the website: https://www.investhuckleberry.com/
Best,
Eric
Tuesday Feb 27, 2018
Tuesday Feb 27, 2018
Eric Schleien interviews Tobias Carlisle.
Show Notes:
The websites The Acquirer’s Multiple® and Greenbackd
- The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market (Kindle) (and paperback)
- Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014, Wiley Finance),
- Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012, Wiley Finance)
- Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016, Wiley Finance)
Tuesday Feb 27, 2018
Tuesday Feb 27, 2018
In today's episode, Eric Schleien interviews Scott Thompson, Chairman & CEO of Ameritrust Group based in Tampa, Florida.
Scott Thompson, MBA, was previously managing director of Intrinsic Value Capital. Scott is a disciple of value investors Warren Buffett, Charlie Munger, Ben Graham, and Phil Fisher. Scott implements rigorous quantitative and qualitative value investing strategies, minimizes risk, and is an expert at identifying undervalued assets.
Scott graduated from Northern Illinois University in 1991 with his Bachelor of Science Degree. Then, graduated summa cum laude from Aspen University with his MBA, earning the “Graduate Student of the Year” award. After college, he worked with several Fortune-500 companies including Merrill Lynch/Bank of America and served as Vice President of an investment bank.
Like Buffett, Scott is committed to philanthropy and has donated financially as well as thousands of volunteer hours to help those in need. Scott served on numerous boards and charity organizations, including Allina Health’s “Courage Kenny Rehabilitation Institute,” which is the 5th largest healthcare rehabilitation organization in the United States. He has organized and attended large charity events across the country with friend Peter Buffett (author, musician, philanthropist, and son of billionaire investor Warren Buffett). Scott enjoys authoring books, hosting book-signing events, and running his successful investment partnership AMERITRUST GROUP based in Tampa, Florida. For more info visit: AmeritrustCorp.com
Links mentioned in the show:
VIDEO #1: WARREN BUFFETT recommending to invest into residential real estate, similar to Scott Thompson’s AMERITRUST GROUP investment strategy:
Friday Feb 16, 2018
Friday Feb 16, 2018
Recorded at Murphy's Taproom in Manchester, NH we bring you Dan McGuire who is a founding partner at Two Coast Capital and has a very interesting career as an angel investor. He's one of the original investors in Marvel and in this episode, he explains how to apply a value framework to Angel Investing.
Friday Feb 16, 2018
Friday Feb 16, 2018
#3: Interview with Jason Rivera - Chairman, CEO, and Founder of Rivera Holdings LLC.
In this episode Eric Schleien interviews Jason Rivera who is on a mission to build a holding company inspired by Warren Buffett's Berkshire Hathaway. Really fascinating individual and incredibly talented and smart value investor. He is sure to be someone worth following over the next decade to come.
Friday Feb 16, 2018
Friday Feb 16, 2018
In this episode I interview Matt Millard who runs MRM Properties. Matt Millard & Eric Schleien discuss the principles of value investing as it applies to real estate and real assets. Enjoy!
Friday Feb 16, 2018
Friday Feb 16, 2018
Friday Feb 16, 2018
Eric Schleien interviews Nate Tobik who built http://www.completebankdata.com out of a desire to create actionable insights and new revenue opportunities for banks and investors. He does this by taking 15 years (and growing) of data and applying analytics tools to highlight previously undiscoverable data-points.
If you are a growing bank that is ambitious and wants to grow market share in your region, completebankdata.com can help you.
Nate is also the author of a great book I just read called: The Bank Investor's Handbook (available in paperback and on Kindle): http://a.co/3qSNjpx
Nate blogs about banks and oddball (small cap, special situations) investment securities and strategies at http://www.oddballstocks.com