TIP599: Top Stocks for 2024 w/ Jonathan Boyar

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 12 January 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Clay is joined by Jonathan Boyar. They discuss his firm’s most recent release of The Forgotten Forty, which outlines their 40 best stock ideas for 2024. Jonathan Boyar is president of Boyar’s Intrinsic Value Research, an independent equity research boutique established in 1975 that counts some of the world’s largest sovereign wealth funds, hedge funds, mutual funds, and family offices as subscribers. He is also a principal of Boyar Asset Management, which has been managing money utilizing a value-oriented strategy since 1983. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 02:45 - How a company makes the list of the Forgotten Forty. 09:52 - Potential catalysts Jonathan looks for in his investments. 14:30 - Why Uber remained on the Forgotten Forty list after being the list’s top performer in 2023. 21:58 - Jonathan’s thoughts on the underperformance of small-cap stocks since 2015. 28:04 - An overview of Interactive Brokers stock. 39:22 - Why Bill Ackman has taken a massive stake in Howard Hughes. 50:26 - Why Jonathan likes Madison Square Garden Sports Corporation. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Learn more about the Berkshire Summit by clicking here or emailing Clay at [email protected]. Boyar Research’s Forgotten Forty. Boyar Research’s Substack. Books mentioned: 100 Baggers by Chris Mayer. Related Episode: TIP518: The Buy List for 2023 w/ Eddy Elfenbein | YouTube video. Check out all the books mentioned and discussed in our podcast episodes here. Follow Jonathan on Twitter. Follow Clay on Twitter. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota NetSuite Salesforce Glengoyne Whisky BiOptimizers – Nootopia Wise Percent Shopify Fidelity Fundrise Vacasa TurboTax HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to TIP.
0:02.0	On today's show, I'm joined by Jonathan Boyer to discuss his newest release of The Forgotten Forty,
0:08.0	which include his firm's top 40 stocks they like going into 2024.
0:12.0	Jonathan is the president of Boyer's intrinsic value research and is also a principle of Boyer asset management which has been managing money utilizing a value-oriented strategy since 1983.
0:24.0	Jonathan's team has a history of finding stocks that outperform.
0:27.6	For example, over the past seven years, the average annual return of stocks profiled in
0:32.4	their all-cap publication returned 18.9%
0:35.8	versus 15.1% for the S&P 500.
0:39.4	During this episode, Jonathan and I chat about how a company makes a list of The
0:43.4	Forgotten Forty. Potential catalyst Jonathan looks for in his investments. Why
0:47.8	Uber remained on the Forgotten Forty list after being the list top performer in
0:52.0	2023. Jonathan's thoughts on the underperformance of small cap stocks since 2015.
0:57.6	An overview of interactive broker stock. Why Bill Ackman has taken a massive stake in Howard Hughes, why Jonathan likes Madison Square Garden Sports Corporation, and much more.
1:08.0	When reading the names in the Forgotten Forty, I was particularly interested in interactive brokers.
1:13.3	It's a founder-led company with an impressive track record of historical growth and
1:17.4	profitability and still appears to have a long growth runway ahead.
1:21.6	In the past year alone alone they've increased their customer
1:23.7	base by over 20 percent and over the past 10 years the total number of accounts has
1:28.6	increased by an average of 26 percent per year. They also seem to have a strong competitive moat given their focus on investing in new
1:35.8	technologies and providing the lowest fees possible for their customers.
1:40.0	Us investors here in the US are pretty used to paying little to know fees in our investment accounts,
1:45.2	but much of interactive brokers customer base is abroad where oftentimes is actually illegal for brokers to charge zero fees.
	...

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