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Schaeffer’s Market Mashup

Schaeffer's Market Mashup: Earnings Trends with Estimize's Leigh Drogen

Schaeffer’s Market Mashup

Schaeffer’s Investment Research

Investing, Business

5.01K Ratings

🗓️ 13 April 2021

⏱️ 32 minutes

🧾️ Download transcript

Summary

Entrepreneur extraordinaire Leigh Drogen, founder and CEO of Estimize Inc, stops by the pod for a wide-ranging chat Leigh and Patrick chart the origins and inspirations behind Estimize, what so many get wrong about earnings trends (6:30), Bitcoin (11:45), Cathie Wood (17:24), and much more!

Transcript

Click on a timestamp to play from that location

0:00.0

Ladies and gentlemen welcome back to the Schaefer's market mashup.

0:17.4

Thank you for being patient with me as I battled Cincinnati's highest pollen count in 30 years.

0:24.7

But hey, I'm better, I'm here, I'm through it,

0:27.7

so let's get right to it.

0:29.7

Please welcome entrepreneur extraordinaire Lee Drogon.

0:33.2

Lee, what is happening?

0:34.8

Awesome, thanks for having me, Patrick.

0:36.8

Well, when he's not tweeting about hockey,

0:39.3

Lee is the founder and CEO of Estamize Inc. I see as a peer-driven FinTech platform designed to

0:48.1

collect data for earnings analysis in market trends but I guess we can jump right in and you can go with how you got

0:57.3

started with Estamize. I know you had some stock twits experience prior to that, but walk me through your thought process behind Estamize and

1:06.0

you know I took a look around the site I joined it's very expansive very

1:11.2

community driven so just unppack that for me to start.

1:15.0

Yeah so my background is originally from the systematic equity quant trading kind of, you know, piece of the ecosystem.

1:25.8

And one of the strategies that we ran

1:30.0

at the first shop that I worked at as an analyst and then a PM was based around the inefficiency of those

1:38.0

cell site analyst estimates, namely the Thompson River's ibis data set.

1:43.0

And what we were doing was we were basically attempting

1:46.0

to better understand what was actually baked into the market

1:50.8

by the time the company reported and then look at what the real surprise was instead of, you know, instead of just going off of the cell site number, which we all know is kind of biased and skewed and they

2:04.3

sandbag the numbers and especially when you get a high growth technology

2:08.1

company that reports you know the they were you know they guide they sandbag the guidance and then the

...

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