Private Company

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By abercrombie Energy Investor/Analyst Private Company

25 Dec: Kris Kelley – Legacy Ridge Capital Management – The Stock Podcast, Ep.45

Kris Kelley is the founder and managing partner of Legacy Ridge Capital Management, a private investment firm that Kris started in 2018, shortly after he left Janus Henderson Investors. Kris has some strong views when it comes to the money management industry, views I personally agree with and ones I think every investor should hear. Kris is a value-focused, contrarian investor who believes the best way for active managers to serve their investors is through highly concentrated portfolios.

Now, if you were to ask a hundred value investors who had the greatest impact on their investment philosophy and principles, I’m sure you’d hear a lot of the same names – Warren Buffett, Charlie Munger, Ben Graham, Seth Klarman, and Stanley Drukenmiller. These investors have most certainly had an impact on me, but Kris has hands-down had the greatest impact on my investing philosophy….and that’s because Kris was my mentor during my six years at Janus. He’s one of, if not the greatest investors I know personally, he lives and breaths value-investing, and the perspectives he shares in this interview should open everyone’s eyes to a flawed industry.

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By Abercrombie Private Company Teach-In Technology

11 Jun: Gabriel Weinberg – CEO of DuckDuckGo – The Stock Podcast, Ep.32

The Stock Podcast is super excited to have Gabriel Weinberg on the program. Gabriel is the founder and CEO of DuckDuckGo, a privacy-focused search engine. And if you’re like me, when you heard the name DuckDuckGo, you probably did a double take. It’s a strange name, but so was Google. Yeah, I’m comparing this company to Google because it makes sense. That’s because DuckDuckGo is one of Google’s biggest competitors. You might be scratching your head at that statement because, well you probably didn’t think Google had any competitors.

That, in an of itself is a strange concept. I’ll wager that even the most die-hard free market capitalist uses Google for search, but doesn’t realize that they’re supporting a monopoly by using Google. Approximately 90% of internet search queries go through Google. Think about that for a moment…

Across the globe, the majority of us use Google almost exclusively for online discovery. Assume for a moment that your search results aren’t exactly what you actually searched for, but rather tailored by your search history and your location. Well, DDG doesn’t do any of that. You’re completely anonymous on DDG. You’ll hear a lot more about this from Gabriel, who is possibly one of the greatest intellects I’ve had the honor of interviewing. Just as a summary, the interview covers a lot of different topics like data privacy, the history of search, how Google became the behemoth that it is, Gabriel’s background and a bit about DuckDuckGo. But before getting to these topics, we spend about 45 minutes discussing Gabriel’s new book, Super Thinking – The Big Book Of Mental Models, which Gabriel wrote with his wife Lauren McCann. The book is truly fantastic and I encourage anyone who desires to be a better decision-maker to give it a read.

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By Abercrombie Consumer Private Company

14 Jan: Darren Gacicia – CFO of Eden Enterprises – The Stock Podcast, Ep.24

Eden Enterprises CFO Darren Gacicia joins The Stock Podcast to talk about his company and the cannabis industry. Eden Enterprises, also known by its retail brand, Garden of Eden, is a vertically integrated marijuana company based out of California. Tune in to hear Darren talk about one of the fastest growing industries in the US.

Eden Enterprises is one of the premier cannabis companies in California. One of the things that’s so interesting about this industry is the absence of interstate activity. Based on current rules and regulations, a cannabis company essentially cannot operate in more than one state. It’s a dynamic that will likely change over time, but the system in the US is strange like that – so, for potential new entrants, be sure to keep that in your dispensary business plan!

And Eden Enterprises is certainly keeping an eye on industry developments, which could put the company in a good position to capitalize on the changes to come. That’s why it’s such a treat to have Darren Gacicia on the podcast to talk about some of the things he and his company are keeping an eye on.

If you’re interested in learning more about a high growth industry, or you’re just interested in hearing from one of the most well-regarded cannabis companies in California, this episode won’t disappoint.

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