MI337: The Power of Alignment: Strategies From A Fund Manager w/ Jeremy Kokemor
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 19 March 2024
⏱️ 67 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.4 | I worked at Tiro Price out of Harvard Business School, and Tiro is a fantastic firm. |
| 0:09.7 | There, I was only covering kind of a few industries, so I wasn't a generalist like I am today. |
| 0:16.7 | And I was probably covering 30 to 40 companies in those industries where I was kind of tasked |
| 0:22.4 | with kind of being the expert on these companies. |
| 0:26.4 | Contrast that with what I was doing in my personal account, which at any period of time, |
| 0:32.5 | I probably had 10 or 12 investments that I thought were really going to be exceptional. And that always felt |
| 0:40.8 | fine. And I would say, look, with a lot of investing, there are many ways to make money. There |
| 0:47.5 | is no kind of one right answer. But I think a lot of investing is kind of a personal journey to figure out, |
| 0:56.8 | you know, what makes the most sense for each of us. |
| 1:03.6 | In today's episode, I chat with Jeremy Kokomore, the founder of Rite Tail Capital. |
| 1:08.2 | Since its inception in May of 2022, Rightail's net performance is 22.5% |
| 1:13.2 | for performance fee investors, 25.5% for management fee investors, and 21.7% for the S&P 500. |
| 1:20.6 | Jeremy Kokomore is an investor that I find very interesting because he does many things different |
| 1:25.3 | than the industry. For one thing, he uses Buffett's 0625 model, which is incredibly rare. |
| 1:31.3 | He has put a lot of time and effort into aligning himself with his partners as much as he possibly can. |
| 1:36.3 | In this conversation, he'll detail many of the ideas that he's implemented in his fund to help ensure that he has skin in the game. |
| 1:42.3 | Additionally, he's not a closet indexer, |
| 1:45.1 | holding a concentrated portfolio of very high-quality businesses. We discussed a lot of interesting |
| 1:50.0 | tidbits on investing, such as why value, growth, and quality are all important for successful |
| 1:54.7 | investing, why price isn't the only way to get a margin of safety, why investors should look at |
| 1:59.8 | reinvestment rates to help identify |
... |
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