Jonathan Tepper on The Myth of Capitalism, his "Shooting Up" memoir and $BKMG | S08 E07

The podcast explores investment strategies amidst technological disruption and antitrust enforcement, featuring Jonathan Tepper, founder of Previt Capital. Tepper discusses Previt's investment philosophy, emphasizing the purchase of quality companies with high free cash flow yields at a discount, referencing his book "The Myth of Capitalism" to highlight the impact of industrial concentration on investment decisions. The conversation covers the fund's early investment in Booking.com during COVID, analyzing fears of Google's potential disintermediation and parallels with current AI concerns. Tepper also shares insights on AI's potential impact on software, data analytics, online platforms, and payroll processors, suggesting that AI models may become commodities benefiting consumers. Furthermore, he introduces his memoir, "Shooting Up," detailing his experiences growing up in Spain with parents running a drug rehab center.