Investor, Principal of PFH Capital
Philadelphia, PA
Joined August 2014
- Tweets206
- Following687
- Followers5.2K
- Likes10.8K
TJB retweeted
Ryan Albert --- The founder of Terton Capital.
"By far I see the most opportunities in Korea today... Early stages of corporate governance reform cycle, I think a big supply demand imbalance between how many companies there are that need to go through changes like this and how many people are looking at it"
We discuss:
- Ryan's background
- What he's learnt from his previous positions
- How he screens for new ideas and invests at Terton Capital
- Why he's focusing on Korean equities today
- How he's working to unlock value at Golfzon Holdings
Highlights:
00:00 Intro
01:31 Ryan's background
05:44 What he learnt from Todd Combs
08:13 How he invests at Terton Capital
11:31 Where he sees opportunities today
13:15 The reason why Korean stocks are cheap
15:01 Why inheritance taxes are the key issue in Korea
20:09 The parallel between Japan & Korea
23:07 How he finds new ideas
27:10 Investing in Korean companies with successions
29:12 OpCos vs HoldCos in Korea
30:26 The Golfzon Holdings tender offer
Ryan's Twitter handle: @ryan_a_albert
Terton Capital's letters: tertoncapital.com/letters-an…
The same episode on Spotify: open.spotify.com/episode/1qN…
Disclaimer: asiancenturystocks.com/discl…
Meanwhile, us deep value dorks are finding dozens of growing, profitable South Korean microcaps trading below net current asset value. How is this the same market?
Korean Bubble Mania: Retail Investors Max Out On Margin Debt, Choose To "Risk Complete Collapse" Than Miss Stock Rally zerohedge.com/markets/korean…
FWIW, here’s Buffett concerned about this issue back in 2003 (the negative US NIIP has more than 10x since this article)… berkshirehathaway.com/letter…
TJB retweeted
Here is our latest Club Conversation with @PFHCapital.
Thank you @Valuehunte for hosting.
microcapclub.com/club-conver…
TJB retweeted
[NEW PODCAST] Planet MicroCap Podcast: LIVE! with Thomas Bachrach @PFHCapital, Jason Hirschman @EightTrack180, Whit Huguley @Whit_Huguley + Kevin Shea @thegoodprick #MicroCap #Investing #Podcast #Education
YouTube: youtube.com/watch?v=bv5ETu5y…
Apple: podcasts.apple.com/us/podcas…
Substack: microcapnewsletter.substack.…
TJB retweeted
Hot off the press: Idea Brunch with Tom Bachrach of PFH Capital
A must-read for any international equity investor
readideabrunch.com/p/idea-br…
TJB retweeted
[New Compounders Podcast] I love this interview with @PFHCapital. Tom is an eclectic investor who travels around the world looking for mispriced smaller companies, especially those in markets that a lot of other investors shy away from. He also is willing to invest in sectors that other people shun for various reasons (coal for example). With all of that as background, here is what we covered in the conversation:
· The founding inspiration for PFH Capital;
· The countries and markets he tends to gravitate towards;
· What it means to seek companies with healthy financials;
· Why he is interested in investing in companies with exposure to commodities; and
· What people are totally missing about coal
Please enjoy the full interview here: youtu.be/fRIy6-rMqG8?si=SzGA…
If you ever wanted to hear one of my annual letters read by a voice that could make a wolverine purr (@marketplunger1), here you go… podcasts.apple.com/us/podcas…
TJB retweeted
I won’t be updating this one anymore sadly, RIP Charlie Munger:
drive.google.com/open?id=0Bx…
TJB retweeted
FRESH OFF THE PRESS 🔥
Read our interview with @PFHCapital
Tom shares his thesis for investing in two small caps + much more 👇
capitalemployed.com/p/interv…
TJB retweeted
Here is Konrad Weiske, CEO of @spyrosoft $SPR.WA, and his presentation/conversation with @PFHCapital at the Summit.
youtu.be/02Uo4AwP-es?si=tMPn…
TJB retweeted
Here is our next member spotlight with the one and only @PFHCapital
Studying Arabic, living in Egypt for several years, to running a fund.
Investing in Poland, Peru, Egypt, Niger, Kazakhstan, etc
youtu.be/E1qg0cnCHVI
TJB retweeted
1/ The latest premium edition of The Grant Williams Podcast is now live for all subscribers at grant-williams.com! Join me for a fascinating conversation with Tom Bachrach (@PFHCapital), value investor and Principal of PFH Capital.
Now with specially added working link 🙄!
TJB retweeted
I hope you enjoy my podcast with @PFHCapital!
We spend 90 minutes discussing:
• Natural Resource Partners $NRP
• Coal Bull Thesis
• Lessons from $AHQ
• Value investing in mining/commodities
• High Inflation Investing
And more!
Listen here 👇
spotifyanchor-web.app.link/e…