Jonathan Boyar stops by The Business Brew to discuss his investing philosophy. Jonathan is the President of Boyar’s Intrinsic Value Research LLC., an independent research boutique established in 1975 that counts some of the world’s largest sovereign wealth funds, hedge funds, mutual funds and family offices as subscribers. He is also a Principal of Boyar Asset Management, which has been managing money utilizing a value oriented strategy since 1983.
He has been interviewed by Barron’s, Welling on Wall Street and GuruFocus. He spoke at the 2017 London Value Investor Conference, the 2017 GuruFocus Value Conference and the 2017 International Value Investing Conference. He is also a contributor to the latest edition of Harriman’s Book of Investing Rules: The Do’s & Don’ts of the World’s Best Investors. He is a senior contributor to Forbes as well as the host of The World According to Boyar podcast.
We hope you enjoy the discussion. Detailed show notes below the Stream by Mosiac sponsor copy and thank yous.
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Thank you to @mathewpassy (on Twitter) for the show production.
- 05:00 – What makes The Berkshire Weekend so great
- 10:00 – Finding value in non traditional companies/stocks
- 13:30 – Why there is an opportunity in microcaps sometimes
- 18:00 – Value + a catalyst vs. value traps
- 20:00 – Dead money as a mistake
- 22:30 – Holding on to winners
- 27:00 – Boyar’s idea generation process and The Forgotten 40
- 31:00 – Scott’s Miracle Gro
- 34:00 – Discussion about dogs then Seinfeld
- 41:30 – Discovery and how they are going to compete
- 46:52 – Trinity Place Holdings
- 52:00 – How does Jonathan think about cash shells and being a minority shareholder in that instance
- 53:20 – What makes MSG a unique asset
- 58:00 – Assets creating nontraditional value
- 63:00 – Meme stocks and FOMO
- 66:00 – What is margin of safety
- 71:00 – How Jonathan’s father taught him about investing
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