#56 The Sculptor - Jonathan Tepper on 16 Stock Portfolios, Moats & Buying Oligopolies | Behind the Balance Sheet

Jonathan Tepper, founder of Prevatt Capital and author, discusses his new book "Shooting Up," a memoir about his childhood in Madrid, where his parents ran a drug rehabilitation center. Tepper reflects on how experiencing loss at a young age shaped his serious, studious nature and influenced his academic drive. He also shares insights into his investment philosophy, which focuses on companies with limited competition and strong free cash flow. Tepper touches on his firm's investment in online platforms like Booking.com and CarGurus, emphasizing the importance of identifying companies with good capital allocation and the ability to generate value, even during market downturns. He also addresses the potential impact of AI on various industries and the importance of humility in investing.

Outlines

Part 1: Background, Childhood, and Early Influences

Part 2: Macro Insights and The Myth of Capitalism

Part 3: Investment Philosophy and Portfolio Management

Part 4: Case Studies and Future Outlook

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#56 The Sculptor - Jonathan Tepper on 16 Stock Portfolios, Moats & Buying Oligopolies

Behind the Balance Sheet

Part 1: Background, Childhood, and Early Influences

Behind the Balance Sheet Podcast: Jonathan Tepper's Childhood, Book Launch, and Career

Jonathan Tepper's Childhood: Growing Up Amidst Heroin Addiction in Madrid

From Napkin Economics to Memoir: Tepper's Intellectual Curiosity and "Shooting Up"

Homeschooling, Rhodes Scholarship, and the Investing Bug: Tepper's Education and Career Path

Part 2: Macro Insights and The Myth of Capitalism

From Subprime Lending to Monopolies: Tepper's Macroeconomic Insights and "The Myth of Capitalism"

Navigating Monopolies: Investment Strategies and the Rise of Prevatt Capital

Part 3: Investment Philosophy and Portfolio Management

Transparency and Conviction: Tepper's Approach to Investor Relations and Portfolio Management

Capital Allocation, Humility, and Overcoming Cognitive Biases in Investing

Humility, Long-Term Goals, and the Surprising World of Allocators

Part 4: Case Studies and Future Outlook

CarGurus and the AI Disruption: Tepper's Investment Thesis and Conviction

The Sculptor of Our Own Minds: Tepper's Inspiration and a Final Tribute

#56 The Sculptor - Jonathan Tepper on 16 Stock Portfolios, Moats & Buying Oligopolies

Behind the Balance Sheet

Part 1: Background, Childhood, and Early Influences

00:01Behind the Balance Sheet Podcast: Jonathan Tepper's Childhood, Book Launch, and Career

Behind the Balance Sheet Podcast: Jonathan Tepper's Childhood, Book Launch, and Career

03:37Jonathan Tepper's Childhood: Growing Up Amidst Heroin Addiction in Madrid

Jonathan Tepper's Childhood: Growing Up Amidst Heroin Addiction in Madrid

07:05From Napkin Economics to Memoir: Tepper's Intellectual Curiosity and "Shooting Up"

From Napkin Economics to Memoir: Tepper's Intellectual Curiosity and "Shooting Up"

12:57Homeschooling, Rhodes Scholarship, and the Investing Bug: Tepper's Education and Career Path

Homeschooling, Rhodes Scholarship, and the Investing Bug: Tepper's Education and Career Path

Part 2: Macro Insights and The Myth of Capitalism

17:01From Subprime Lending to Monopolies: Tepper's Macroeconomic Insights and "The Myth of Capitalism"

From Subprime Lending to Monopolies: Tepper's Macroeconomic Insights and "The Myth of Capitalism"

25:28Navigating Monopolies: Investment Strategies and the Rise of Prevatt Capital

Navigating Monopolies: Investment Strategies and the Rise of Prevatt Capital

Part 3: Investment Philosophy and Portfolio Management

32:52Transparency and Conviction: Tepper's Approach to Investor Relations and Portfolio Management

Transparency and Conviction: Tepper's Approach to Investor Relations and Portfolio Management

39:51Capital Allocation, Humility, and Overcoming Cognitive Biases in Investing

Capital Allocation, Humility, and Overcoming Cognitive Biases in Investing

47:31Humility, Long-Term Goals, and the Surprising World of Allocators

Humility, Long-Term Goals, and the Surprising World of Allocators

Part 4: Case Studies and Future Outlook

52:00CarGurus and the AI Disruption: Tepper's Investment Thesis and Conviction

CarGurus and the AI Disruption: Tepper's Investment Thesis and Conviction

58:27The Sculptor of Our Own Minds: Tepper's Inspiration and a Final Tribute

The Sculptor of Our Own Minds: Tepper's Inspiration and a Final Tribute