Today, I am joined by Harris Kupperman, hedge fund manager and author of the newsletter “Adventures in Capitalism”.  And boy…. are they adventures. Tesla? Home builders? Sectors we both wish we’d never heard of and tankers.  Plus – what advice he’d give himself after graduating with a history degree. If you liked the Josh Young and Billy Bailey episodes, you aren’t going to want to miss this one.

#hottakeoftheday podcast Episode 58 w/Harris Kupperman

Audio Podcast

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About Kuppy

Harris Kupperman is the founder of Praetorian Capital, a hedge fund focused on using macro trends to guide stock selection.  Mr. Kupperman is also the chief adventurer at http://AdventuresInCapitalism.com, a website that details his investments and travels.  Additionally, Mr. Kupperman is the Chairman and CEO of publicly traded Mongolia Growth Group (YAK: Canada and MNGGF: USA).

Dialogue

00:00 – 05:00:  Intro, Josh Young, running a long/short hedge fund, focus on sectors undergoing dynamic change & inflection, micro & macro investing trends, social media, Twitter hack and Jack Dorsey

05:00 – 12:30:  Growth vs Value investing, Tesla valuation, longs vs shorts, “Project Zimbabwe”, structural deficit problems, politics, money printing, volatility and trends

12:30 – 22:00:  Adventures in Capitalism, financial history and cycles, pets.com, WeWork, cash flow and earnings, avoid the ponzis

22:00 – 40:00:  Housing and trends in identifying undervalued stocks, the lumber trade, the oil and gas trade, tankers, the supply/demand imbalance

40:00 – 47:00:  Passive investments and ETF’s vs active investing

47:00 – 59:00:  Lessons learned, avoiding mining, systemic fraud and the regulatory environment