Finally, you can easily access Bitcoin in a low-cost ETF with the VanEck Bitcoin Trust (HODL). Visit https://vaneck.com/HODLFG to learn more.
VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/hodlprospectus/
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Use code FG10 to get 10% off Blockworks’ Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london
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Timestamps:
00:00 Introduction
00:57 The Small Cap Value Universe
06:58 Why Did The Value Factor Used To Work, And Why Isn't It Working Now?
11:27 How To Find Great Small Cap Value Stocks
14:45 Finding Asymmetric Opportunities
16:18 VanEck Ad
17:51 Ferroglobe PLC
20:50 ACV Auctions
24:52 I Despise Price / Sales Ratio
27:38 What Makes Some Investments Work, And Others Not Work?
31:17 Look At Managements' Incentives
40:54 Banking Stocks
43:06 Last Time Small Cap Value Stocks Were "All The Rage": Early 2000s
45:17 Has The Rise Of Passive Flows Distorted The Small Cap World?
51:13 Markets Are "Broadly Efficient": Some Value Stocks Are Cheap For A Reason
53:06 How to Avoid "Value Traps"
58:42 How To Generate Short Ideas
01:07:00 The Role of Macro
01:08:37 U.S. Economy Is "Pretty Strong," European Economy Is "In Shambles"
01:10:51 Calumet Specialty Products
01:13:33 Inflation Reduction Act (IRA)
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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