Hey guys! This week we have Lukasz Tomicki, the portfolio manager at LRT Capital. LRT is a long-short fundamental based investment fund.

In this conversation we took a deep dive to a lot of different areas such as the current conflict between the Ukraine and Russia, his technology background, how he founded a company after graduating high school, story stocks such as Uber and We Work, and Carvana, how he constructs his portfolio, and last but not least he shared his bull theses in Watsco, Inc. (WSO), Tractor Supply (TSCO) and Hexcel Corporation (HXL).

[0:00] Who is Lukasz Tomicki?
[2:40] Russia, Ukraine and the USA.
[9:00] Founding a Company
[14:00] Lukasz’s Investing Journey
[22:00] Story Stocks: Uber, We Work
[28:00] Founding LRT Capital
[30:00] Investing Criteria & Fake Moats
[39:00] Portfolio Construction
[49:00] The Endowment Bias
[51:00] Watsco, Inc. (WSO)
[1:02:00] Tractor Supply (TSCO)
[1:08:00] Hexcel Corporation (HXL)
[1:17:00] Ideas for the future
[1:19:00] More from Lukasz Tomicki & Closing Questions

If you like what you heard, follow Lukasz on Twitter @Tomicki and check out his website here. Also, a big thanks to the following sponsors for making the podcast a reality.

Mitimco

This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.

For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more!

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Lucas Tomicki: Systematically Hunting For Compounders

Value Hive Podcast