The Synopsis

In this wide spanning interview I spoke with pseudonymous investor Rose Celine. Rose is quite prolific on Twitter/X, commonly sharing his sharp thoughts on a variety of different stocks. In this interview we cover several of his investments and how he thinks about various investing topics. We hope you enjoy! 
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Show Notes
 (0:00)  — Rose's Background 
(6:31)  — Investment Philosophy
(8:46)  — Punch Card Investing
(13:27)  — Axon Mistake
(20:28)  — Mercado Libre Investment Case
(27:37)  — Thoughts on Sea Limited Competition
(32:44)  — South America Profitability vs the U.S.?
(40:28)  — Portfolio Construction
(44:38)  —  DLocal Investment Thesis
(54:45)  — Importance of Management
(55:57)  — Why Rose Invested in ServiceNow
(59:32)  — Valuation Thoughts
(1:10:50)  — Mercado Libre FinTech Risk
(1:17:58)  — Business Models Rose Avoids
(1:21:42)  — How to Judge an Opportunity Based on Opportunity Cost
(1:29:07)  — Sell a Great Business When it's Overvalued?

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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/ Also see Drew Cohen's disclaimers here: https://www.drewcohenmoney.com/disclaimers

On this podcast we talk to Gunjan Bhartia, Former VP of Strategy & Business at Coupang to explore Coupang's evolving strategy—from international expansion to business model evolution—and the hidden risks that may be overlooked by the market. This was orginally recorded as an AlphaSense webinar in January, and we thank AlphaSense for letting us release it on our podcast too. 
Sign-Up for the Adobe AI Expert Call Here. We will have this conversation on May 5th, but you will be able to download a recording if you sign-up now and miss that time. 
 
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Get access to all of Speedwell Research's in-depth Research Reports here.
If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to [email protected] 
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Show Notes
(0:00)  — Intro
(5:10)  — South Korean E-Commerce Competitive Landscape
(9:25)  — What Coupang's Market Share Could Be
(10:47)  — Biggest Gaps in Selection on Coupang
(16:16)  — Differences Between 1P vs 3P
(18:30)  — Taiwan
(23:00)  — Coupang vs Sea Limited in Taiwan
(28:32)  — Can Coupang Expand Beyond Korea?
(35:40)  — Coupang Eats Strategy
(40:04)  — Coupang Pay Strategy
(42:27)  — Advertising Runway
(46:08)  — Coupang Pay Strategy
(50:04)  — Why 1P is More Profitable Than 3P
(58:02)  — Risks Facing Coupang

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Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!  
Sign up for Speedwell's free newsletter and weekly memos here
AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here.
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Follow Us:
Twitter: @Speedwell_LLC
Threads: @speedwell_research
Email us at [email protected] for any questions, comments, or feedback.
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/ Also see Drew Cohen's disclaimers here: https://www.drewcohenmoney.com/disclaimers

In this insightful interview I spoke with Hedge Fund Manager of Hayden Capital, Fred Liu. We talked about his investment philosophy of "emerging compounders" and how he likes to concentrate in a few stocks. We also talk about a few of his investments including Sea Limited and AppLovin.
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Get access to all of Speedwell Research's in-depth Research Reports here.
If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to [email protected] 
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Show Notes
(0:00)  — Intro
(0:43)  — Fred Liu's Investment Philosophy
(2:39)  — Looking for Owner-Operators
(4:49)  — Why Fred Liu Concentrates His Portfolio
(8:29)  — Thoughts on Trimming Winners
(16:03)  — Investing in Rational Capital Allocators
(19:15)  — What Fred Liu Saw in Sea Limited and Shopee in 2018
(32:38)  — Why Amazon Isn't Successful Globally & How Pinduoduo Took Over Alibaba
(44:49)  — Why Fred Liu Exited Pinduoduo
(46:48)  — Expectations With Sea Limited 
(51:48)  — Shopee's Strategy in Brazil Compared to Mercado Libre
(58:22)  — AppLovin Investment Thesis
(1:05:07)  — Expectations for AppLovin Going Forward
(1:09:15)  — AppLovin's Risks
(1:11:49)  — Where You Can Find Fred Liu

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Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!  
Sign up for Speedwell's free newsletter and weekly memos here
AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here.
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Follow Us:
Twitter: @Speedwell_LLC
Threads: @speedwell_research
Email us at [email protected] for any questions, comments, or feedback.
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/ Also see Drew Cohen's disclaimers here: https://www.drewcohenmoney.com/disclaimers

In this Dialogue episode of The Synopsis, we discuss private credit and take-aways from our Shift4, Chris Mayer and Bill Nygren interivews. 
YouTube Video Links: Private Credit, Tax Implications of Selling Stock
Five Minute Money Newsletter Free Sign Up
 
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Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.
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Show Notes
(0:00)  — Intro
(2:50)  — Shift4 Interview Takeaways
(13:43)  — Bill Nygren Interview Takeaways
(16:35)  — When Do You Buy or Sell and How Taxes Affect Your Selling Decision
(33:00)  — Chris Mayer Interview Takeaways: Thoughts on CSU & Copart
(40:36)  — Private Credit Crisis
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For full access to all of our updates and in-depth research reports, become a Speedwell Member here.
Please reach out to [email protected] if you need help getting us to become an approved research vendor in order to expense it.
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Threads: @speedwell_research
Email us at [email protected] for any questions, comments, or feedback.
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Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in companies discussed. This may change without notice. Please see Speedwell's and Drew Cohen Money's full disclaimers here:  https://speedwellresearch.com/disclaimer/ https://www.drewcohenmoney.com/disclaimers

In this insightful interview I spoke with fund manager Chris Mayer. Chris is an investment fund manager and author of many books including "100 Baggers: Stocks that Return 100 to 1 and How to Find Them". In this interview we talk everything from investment philosophy and when to sell to specific stocks like Constellation Software and Copart. We hope you enjoy!
You can find a video version of this podcast on YouTube here
 
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Get access to all of Speedwell Research's in-depth Research Reports here.
If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to [email protected] 
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Show Notes
(0:50)  — Investment Philosophy
(1:45)  — Concentration
(4:08)  — Margin of Safety
(7:18)  — Risk of Paying a Premium Multiple
(10:02)  — Buy & Hold or Sell?
(17:33)  — CSU Reinvestment Risk
(24:02)  — What Stocks Excite Chris the Most
(28:26)  — Is the Quality Sell-Off Justified?
(33:31)  — AI Risks
(37:14)  — Thoughts on Copart
(51:00)  — Research Process
(1:02:44)  — What Companies Will Be Impacted by AI
(1:08:52)  — How Do You Have Confidence in a Buy/Sell Decision?
(1:13:05)  — How Psychological Biases Affect Decision Making
(1:16:55)  — The Risk of Copying Successful Investors
(1:22:03)  — Why You Can Time the Market
(1:24:36)  — The Investor's Odyssey

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Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more!  
Sign up for Speedwell's free newsletter and weekly memos here
AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here.
*~*~*~*~* 
Follow Us:
Twitter: @Speedwell_LLC
Threads: @speedwell_research
Email us at [email protected] for any questions, comments, or feedback.
-*-*-*-*-*-*-*-*-*-*-
Disclaimer
Nothing in this podcast is investment advice nor should be construed as such. Contributors to the podcast may own securities discussed. Furthermore, accounts contributors advise on may also have positions in securities discussed. Please see our full disclaimers here:  https://speedwellresearch.com/disclaimer/