Investing in Companies That Put Shareholders First with Old West's Joseph Boskovich
Excess ReturnsJuly 06, 202300:41:02

Investing in Companies That Put Shareholders First with Old West's Joseph Boskovich

In this episode, we speak with Old West's Joseph Boskovich about their process for uncovering companies that focus on adding value for their shareholders. We discuss thy key criteria they use to find these types of companies, the importance of insider ownership, how they look at valuing companies and how they look at capital allocation. We also cover inflation, Joe's lesson's from working in the produce business and a lot more.

00:00 - Intro
01:47 - Joe's lessons from working in the produce business
04:06 - Investing is most intelligent when it is more business like
06:33 - Flows vs. fundamentals
09:32 - Finding companies the are aligned with shareholders
11:49 -- How Old West uses insider ownership in their process
13:07 - Finding management teams that are good at capital allocation
17:31 - Using 13Fs to generate investment ideas
19:59 - How Joe thinks about intrinsic value
22:09 - Old West's portfolio management process
24:03 - The balance between concentration and diversification
28:19 - Investing without a benchmark
29:49 - FAANG 2.0
34:23 - Joe's views on inflation
35:15 - The process of identifying short candidates
38:57 - The one lesson Joe would teach the average investor

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