@ChasingTheVig: What Actually Drives Stock Performance?

<p>Hey Guys! This week we return to the anonymous Twitter pool and today our guest is <a href="https://www.twitter.com/chasingthevig">@chasingthevig</a>. We discussed what really matters the most when investing in stock, the arrogance of conviction, his investment journey, what are thesis breakers , why the Industrials and Materials industries are his favorite and some special situations, his ideal longs and ideal shorts.the arrogance of conviction<br> </p> <ul> <li>[0:00] What Matters Most when Investing in Stocks?</li> <li>[5:00] @chasingthevig’s Research Process</li> <li>[9:30] Covid Winners: What happened?</li> <li>[12:30] Arrogance of Conviction: Do you need conviction?</li> <li>[21:00] What are Thesis Breakers</li> <li>[27:00] @chasingthevig’s Financial Journey</li> <li>[31:00] Ideal Longs</li> <li>[34:04] Ideal Shorts</li> <li>[38:00] @chasingthevig’s Current Ideas</li> <li>[45:34] Estimating Exit Multiples</li> <li>[51:30] @chasingthevig’s Favorite Industries: Industrials and Materials</li> <li>[57:00] Variant Thesis: Micro Caps are not good Investments</li> <li>[1:03:00] More from @chasingthevig and Closing Questions</li> </ul> <p>Finally, a big thanks to the following sponsors for making the podcast a reality.</p> <p><strong>Mitimco</strong></p> <p>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&nbsp;<a href="https://emergingmanagers.org/" rel="ugc noopener noreferrer" target="_blank">emergingmanagers.org</a>, a website for emerging manager stockpickers.</p> <p>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 man