This is a special edition podcast of ValueTalks Pitch The Perfect Investments. Raul Panganiban of ValueWalk conducted the interview in person in New York City this past Wednesday with the two star co-authors, investors and educators of the new book.
Raul really enjoyed this interview and opined:
Corsair Capital was down by about 3.5% net for the third quarter, bringing its year-to-date return to 13.3% net. Corsair Select lost 9.1% net, bringing its year-to-date performance to 15.3% net. The HFRI – EHI was down 0.5% for the third quarter but is up 11.5% year to date, while the S&P 500 returned 0.6% Read More
This is an excellent podcast with 2 outstanding investment professionals. Paul Sonkin and Paul Johnson present "Pitch the Perfect Investment" Wiley (September 12, 2017). If you ever wondered what it takes to be a security analyst, this book provides the road map to follow for those who are serious. During this conversation, they discuss what it takes to be an investment analyst.
In a nutshell this book and podcast is about how to get a job as an investment analyst/ace an interview. This book is aimed for 18-30 years old for students from Univ or MBA for example who know a lot but how to nail that pitch at a conference or job interview etc.
The book is intended as a structure for highly-motivated investors and not securities specifically but also for debt, real estate, private equity and other asset classes.
When I spoke to Paul about this book a few months ago I agreed this was a vital topic which has not really been covered by any books. I think this job has done a good job at the framework for that. No one has taught how to pitch the stock, which is missing both from academic and the investment world.
Joe Koseter of ValueInvestingWorld says:
The hardcover of the new book by Paul Sonkin and Paul Johnson, Pitch the Perfect Investment: The Essential Guide to Winning on Wall Street, has started to ship and I just received my copy in the mail. I started to go through it this morning, and have a feeling it is going to be used in a lot of university classrooms, as it covers all of the main points (how to value a business, competitive advantages, behavioral finance, pitching an idea, etc.) more succinctly than any textbook I've seen. At a little over 400 non-textbook sized pages and plenty of illustrations, it's also something that a class could go through completely in one semester.
Also you can listen to this on
The 54 minute audio is embedded below and more on the authors below that.
Full author bios
Paul D. Sonkin (New York, NY) is a portfolio manager at GAMCO Investors / Gabelli Funds. He is co-Portfolio Manager of the TETON Westwood Mighty Mites Fund, a value fund which primarily invests in micro-cap equity securities. Sonkin has over 20 years of experience researching small, micro and nanocap companies. Prior to analyzing stubs, spin-offs and micro-cap companies for GAMCO, Mr. Sonkin was for 14 years the portfolio manager of The Hummingbird Value Fund and the Tarsier Nanocap Value Fund. Sonkin was previously a senior analyst at First Manhattan & Co., and an analyst and portfolio manager at Royce & Associates, Inc. His employment also includes a stint at Goldman Sachs & Co. and the U.S. Securities and Exchange Commission. He holds an MBA from Columbia University Graduate School of Business and a B.A. in Economics from Adelphi University. Since 1996, Sonkin has been an adjunct professor at Columbia University Graduate School of Business, where he has taught courses on security analysis and value investing. For over 10 years, he was a member of the Executive Advisory Board of The Heilbrunn Center for Graham & Dodd Investing at Columbia Business School and co-author of Value Investing: From Graham to Buffett and Beyond.
Paul Johnson runs Nicusa Investment Advisors, an advisory firm focused on helping CEOs and Boards of Directors deal with strategy, capital allocation, shareholder value creation, and corporate communication. Paul applies his 30 years of experience as an investment professional, combined with his more than 20 years as a business school professor, to help senior managers sort through these critical strategic issues.
Paul is an Adjunct Professor at Columbia Business School, where he has taught 35 courses since 1992 on securities analysis and value investing to more than 1,500 students. Paul was given the Commitment to Excellence award by the 2016 Executive MBA graduating class in recognition of his outstanding commitment to their educational experience. Paul is also an Adjunct Professor at the Fordham University Graduate Business School, where he teaches a Seminar in Value Investing and was appointed as a Fellow to the Gabelli Center for Global Security Analysis at Fordham University in August 2015.