21 | Matthew Ruber, Melding the Quantitative and the Qualitative

<p><span style="font-weight: 400;">My guest today is Matthew Ruber. Matthew is the founder of Enlihtan Capital Management. At Enlihtan, Matthew employs a research-intensive "bottom up" selection process, in order to find excellent businesses at prices which represent excellent business sense. Before Enlihtan, Matthew was a senior trader with Macquarie Bank in Australia and Hong Kong. And then successfully ran a multi-strategy proprietary trading business for CLSA in Hong Kong, focusing on merger arbitrage, volatility trading and value-based special situations. </span></p> <p> </p> <p><span style="font-weight: 400;">In this conversation, we cover how he melds Quantitative and Qualitative characteristics when finding investments, asking the right questions of your investments, and some stories and lessons from AGM’s.</span></p> <p><span style="font-weight: 400;">Super fun and varied one today, I know I learned a tonne so I hope you do to. So please enjoy my conversation with Matthew Ruber.</span></p> <p> </p> <p><span style="font-weight: 400;">For the full show notes, transcript, and links to mentioned content, check out the episode page on </span> <a href= "https://compoundingpodcast.com/ep21"><span style= "font-weight: 400;">https://compoundingpodcast.com/ep21</span></a><span style="font-weight: 400;"> </span></p> <p> </p> <p><span style="font-weight: 400;">------</span></p> <p> </p> <p><strong>Show Notes:</strong></p> <p><span style="font-weight: 400;">[00:00:45] - [First question] - Most surprising thing about running your own fund?</span></p> <p><span style="font-weight: 400;">[00:05:10] - Matthew’s quant background</span></p> <p><span style="font-weight: 400;">[00:08:06] - What led Matthew to qualitative investing?</span></p> <p><span style="font-weight: 400;">[00:11:24] - Matthew’s scorecard changes</span></p> <p><span style="font-weight: 400;">[00:14:04] - Do you push back against a scorecard?</span></p> <p><span style="font-weight: 400;">[00:16:08] - Lessons from AGM’s</span></p> <p><span style="font-weigh