Charles Lemonides - ValueWorks

First and foremost, apologies for the delayed release. TH-cam had this, and the next video, in processing and never released it. Sincerest apologies to the TH-cam fans!
Charles Lemonides, founder and CIO of ValueWorks LLC, stops by The Business Brew to discuss his investment philosophy. Charles started his career as a high yield bond analyst. Over time, he gravitated towards equity. In this episode he says "I find the best investment opportunities are where you can find something that is a real growth opportunity but it is selling for a value price."
Today, ValueWorks LLC, tends to run portfolios with 25-30 long securities in them. Charles tries to have 15 "very, very different" bets in each portfolio.
We hope you enjoy this conversation.
John Hempton on ⁠"When do you average down?"⁠
Detailed Show Notes:
5:15 - Best investment setups/opportunities
7:30 - Conceptual position sizing
9:40 - ValueWorks different vehicles and philosophy
17:45 - How Charles built his firm around a philosophy
20:00 - Why Rivian may be a value investment
28:20 - Comcast
31:00 - How Charles manages different types of theses?
35:00 - Where are we in a market cycle?
39:30 - What stocks do you want into a top?
44:40 - What makes Charles tick

[@rickfool1452]

❤‍🔥this episode really resonated with me. maybe the single best investing podcast episode I've ever heard. 🔥 plus the fact that this dude looks like a character from the old testament is pretty cool.