Podcast: Listen In On My Latest About... Everything
Plus, how I got here, where I'm going and why you should "Respect the Risk." Plus, a special note for premium subscribers... and what you may have missed last week.
Not yet a paid subscriber to Herb on the Street and my Red Flag Alerts? Join the growing club, now in the hundreds, who want to avoid the biggest mistake investors make… or just want to understand the concept of risk. You can find out more and how to subscribe right here. If you would prefer to pay with soft dollars, or participate in an upper tier, please contact me directly.
Also, if you already are a premium subscriber… keep an eye out for an upcoming “Important Announcement” from me. If you don’t see it the first time, you’ll be reminded a second… possibly third!
If you’ve got an hour to spare…
I think that every podcast naive enough to have me as a guest is a great podcast, but every now and then I do an interview that I enjoy more than the last. (I should create a link to all of them, which are scattered among my posts, because strung together they provide good insight into who I am and how I really think… assuming you’ve been wondering.)
The most recent with the Steve Curley and Chris Cannon of the Investors First Podcast is now firmly among them.
If you’re not familiar with Steve and Chris, neither was I. And after spending time with them, I’m stunned our paths never crossed… and I will make sure they do again in the future. They both have deep careers in the investment industry.
They started the podcast six years ago as part of the CFA Society of Orlando. Since then, these guys from central Florida – the state I couldn’t wait to leave around 50 years ago – have built quite a following. But more than that – just look at their body of work: it’s a Who’s Who of the Who’s Who of investing.
I just listened to their 2020 interview with author/investor Morgan Housel while driving and almost ran off the road during a discussion on creativity and writing… because it was as if he had eavesdropped on my private conversations with friends about the who, what, when, where, why – and sometimes how – I do what I do.
Their guests have featured a few friends, like Barry Ritholtz and Peter Atwater… and Meb Faber, who lives up the road near LA and whose podcast appearance connected me with Steve and Chris. Others include legendary investor Howard Marks, Cliff Asness, Patrick O’Shaugnessy, Michael Mauboussin and the venerable keeper of common sense, Jason Zweig, from the Wall Street Journal.
Definitely worth adding to your list.
Moving On – If You Missed It…
Recent posts from yours truly that might have been buried in your inbox:
Stock Promotions Gone Wild. It’s my take on what may very well become a poster child of the golden age of grift, which appears to be emerging before our very eyes.
A rare long idea from me, on why one company might be good for a trade… and possibly more. That company, by the way, is Netgear NTGR 0.00%↑, which may be forgotten, but is not entirely gone. Not just is the company in the middle of an attempted little-watched turnaround, but there’s a potential timely catalyst on the horizon that could very well jump-start its shares and accelerate its plans.
The risk of the risk – the Signet edition. This is just a reminder of one of the underlying risks of being overly cautious and avoiding a stock because of the risks. In English: It’s about how even the riskiest stocks can be saved by takeovers and activists. I don’t say it in that piece, but it’s hard for some of us to forget how heavily shorted, highly flawed Questcor was acquired by Mallinckrodt. Those are two names many of you either have never heard of or have conveniently blocked out of your brains. But it was quite a story. If the risk of any heavily shorted company is that it is saved by a takeover, Questcor was the unlikeliest of unlikely to find a suitor. If for no other reason: it was under investigation by multiple federal agencies. Nobody buys that kind of uncertainty. Then along came Mallinckrodt, which thought it knew better and could turn trouble into treasure. Long story short: Six years later Mallinckrodt filed for Chapter 11 bankruptcy reorg. Big moral to that story, kids.
DISCLAIMER: This is solely my opinion based on my observations and interpretations of events, based on published facts and filings, and should not be construed as personal investment advice. (Because it isn’t!)
Feel free to contact me at herb@herbgreenberg.com.