Carl Chang, Kairos Investment Management - Once We Qualify We Can Mitigate Our Downside Scenario, Our Next Level Of Return Is Durable Cash Flow | #253

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 7 October 2020

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode 253 we welcome our guest, Carl Chang, founder and CEO of Kairos Investment Management. In today’s episode, we’re talking real estate. It’s not every day I get a chance to talk with a pizza entrepreneur, successful real-estate investment management firm CEO, or Federal Reserve Bank of San Francisco Board Member. Carl is all three. We get into Carl’s backstory and kicking off his career in the real estate business as a steward of family money. We discuss his firm’s investment criteria, looking at the fundamental core value of bricks and mortar, and evaluating opportunities by understanding whether or not they think they can make money in downside scenarios and earn durable cash flow. Carl reminds us that real estate is not all about yield, and walks us through what he was seeing in the early 2000s that made him a net seller during that period. We talk about what the real estate landscape looks like going forward, from opportunities on the debt side of real estate to multifamily housing. As we wind down, we discuss Carl’s role as a board member of the Federal Reserve Bank of San Francisco and what it’s been like to launch an innovative spin on pizza with Pieology. All this and more in episode 253 with Kairos’ Carl Chang. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Medfavor Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Meep Babers the co-founder and chief investment officer at Cambria Investment Management.
0:23.2	Due to industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:27.1	All opinions expressed by podcast participants are solely their own opinions and do not
0:30.5	reflect the opinion of Cambria Investment Management or its affiliates.
0:33.4	For more information, visit cambria Investments.com.
0:37.0	Today's show is sponsored by Our Crowd.
0:42.0	Do you ever wish you invested early in some of the best performing
0:44.2	IPOs of 2019 and 2020? Our Crowd investors were, and now you have the opportunity to join them
0:49.8	and what's next. With Our Crowd, Credit investors have access to invest directly, easily, and
0:55.3	most importantly, early. Our crowd investors have benefited from companies IPOing or being bought
1:00.8	by other companies like Intel, Nike, Microsoft, and Oracle.
1:04.4	Professional VC research identifies promising companies and funds across the range of sectors,
1:09.0	stages, and global locations. Our crowd is investing medical technology, breakthroughs in ag tech and food production, solutions
1:16.5	in the multi-billion dollar robotics industry, and so much more.
1:20.0	You can learn more and get in early at Our Crowd.com forward slash Meb.
1:23.4	If you're interested in investing, consider joining Our Crowd and setting up a free account.
1:27.0	Just go to OUR, CR-O-D, dot com forward slash Meb.
1:31.2	Hello friends, super fun wide ranging show for you today
	...

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