Good morning listeners, Today is a very special episode with Connor Browne and Bimal Shah. Connor is a portfolio manager and managing director. He is a graduate of Princeton with a BA in economics. Bimal is an associate portfolio manager. He joined the firm in 2014 as a research analyst and was promoted to associate portfolio manager in 2016. In this episode we discuss where and how they find value and how they evaluate shorts.
Q2 hedge fund letters, conference, scoops etc
Interview with Connor Browne and Bimal Shah
1:27 – Can you tell me about your background and how you got started in finance and investing?
3:14 – How would you describe your investment strategy and philosophy? What inspired you to pursue that style?
5:37 – Can you describe you investment process? Where do you find value and how do you define value?
8:12 – How effective is the feedback you get from them?
9:51 – Can you talk about the value you find in Apple, Facebook, and Google? Do you invest based on valuation for those?
12:00 – What are the key drivers that you found in Google and Facebook as well?
14:40 – How do you evaluate growth and how does that factor into your investment decision?
17:19 – Can you tell me more about your short process?
19:20 – For you shorts, do you focus on a particular industry or geography?
20:47 – Can you talk about an idea that you guys are working on?
22:47 – Do you have a potential time horizon as to when it will play out to what you want?
26:42 – How do you guys define and measure risk?
30:56 – What are your views on portfolio construction? Do you have it diversified or concentrated? How do you position your best ideas?
32:58 – What are your views on passive and active investing?
37:14 – Where do you guys find the best opportunities?
38:26 – What are your guys’ favorite books?
41:34 – Who are your guys’ mentors?
44:52 – Closing thoughts
Enjoy and thanks for the listen!
