Buffetting with Kass and Mitch: Recent Episodes
Kassia and Mitchell Dol
We are Kass and Mitch - a full time value investing couple from Australia, who take contrarian bets when opportunities make sense. We are students of intelligent investing (we don’t think you ever graduate, do you?), practicing in the skill of value and the art of behavioural, hedged by the protection of macro.
To enjoy this podcast: You don’t need a mathematics degree. You don’t need to be an economics master. You don’t need to be a fund manager.
You just need to be: Open to thinking differently. Curious to explore that difference. And financially literate to profit from it.
“It is impossible to begin to learn that which one thinks one already knows.” - Epictetus
Twitter: @mitch_dol @kassia_dol Youtube: Buffetting with Kass & Mitch FB/Insta: @buffettingkassmitch
A massive catch-up podcast after a crazy busy 3 months. In this episode we cover:
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Inflation
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How we decided to sell our bond short
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How the economics of our business is evolving
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The potential supply demand in-balances in the oil market
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Where we think interest rates are going as well as probably scaring the crap out of anyone with a variable rate mortgage
For more content you can find us on the links below:
Twitter: @mitch_dol @kassia_dol
Youtube: "Buffetting with Kass & Mitch"
FB/Insta: @buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
Apologies for poor sound quality for the first 7min (the dishwasher was on). This episode we talk about:
- Kass' 2 month investing break
- Steps taken to control information sources
- Powell's 75 basis points
- Inflation's future path based on history
- Micro Strategies crazy strategy
- Real underlying causes of inflation
- Potentially shorting the housing market through. Aussie banks
- Staying calm, rational and happy as an investor
For more content you can find us on the links below:
Twitter:
@mitch_dol
@kassia_dol
Youtube:
"Buffetting with Kass & Mitch"
FB/Insta:
@buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
A relaxed late night podcast one month after the onset of a war that almost made us sell our shorts. We discuss our reaction to Russia invading Ukraine, what it has meant for our inflation hedge, the recent moves in the bond market and a few thoughts on human nature and why everyone seems so grumpy.
All our content you can be found here:
linktr.ee/mitchandkass
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
No sense in having a good hedge unless you're going to look after it. In this episode we discuss updates on the state of inflation in the U.S, updates to our bond short, the flaws we see with the yield inversion argument and the threat of recession. Bit of a heavy one, so we've lightened it up with a hint of cannabis at the end. We hope you enjoy the chat.
For more content you can find us on the links below:
Twitter:
@mitch_dol
@kassia_dol
Youtube: "Buffetting with Kass & Mitch"
FB/Insta: @buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
Happy New Year Buffett Nerds! We've started 2022 by transitioning our bond short over to a new Bond ETF which we think makes more sense, and in this episode we discuss why. Plus some updated thoughts on inflation and the Fed movements. Unfortunately this was recorded before the release of the Fed minutes, so keep that in mind.
For more content you can find us on the links below:
Twitter:
@mitch_dol
@kassia_dol
Youtube:
"Buffetting with Kass & Mitch"
FB/Insta:
@buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
It caused inner city pressure for Marvin Gaye and gave BB King the inflation blues but the question we’re all wondering is what is it? Where does it come from? And what sort of medicine may be required to treat this worldwide economic disease? We talk about why we’re so worried about it and what you can do to protect your portfolio.
For more content you can find us on the links below:
Twitter:
@mitch_dol
@kassia_dol
Youtube:
"Buffetting with Kass & Mitch"
FB/Insta:
@buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
In todays episode we cover all your basics - Alibaba, Uranium, gorilla oral sex, Bitcoin, John Hempton, portfolio attention, the history of our species, weed, Ray Dalio, socialism, the Hudza tribe, Zen and the art of motorcycle maintenance and veganism.
We really hope you enjoy the discussion. For more content you can find us on the links below:
Twitter: @mitch_dol @kassia_dol
Youtube: "Buffetting with Kass & Mitch"
FB/Insta: @buffettingkassmitch
We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
Are you a HODL'er with FOMO on NFT's? The fact that Buffett and Munger wouldn't have a clue what that sentence means should tell you everything you need to know. But either way, this is the world we live in now and so this episode we're starting with a discussion around what non-fungible tokens (NFT's) actually are and why you should probably continue to ignore them. Just to be totally clear, we do not HODL or have FOMO.
- What is an NFT, and can you make a serious investment case for them? (1-5min)
- Real world implications of where you invest your dollars and understanding skill over luck (5-12min)
- Diversification with concentration, an overview of our portfolio structure (12-17min)
- The value of experience, understanding how wealth gets compounded and the dangers of unregulated speculation (17-23min)
- Bringing with world of crypto and NFT's back to hard reality and facts (23-29min)
- Kass' crypto coin wish list (29-33min)
- The use of leverage, other obvious risks right now and a final rant session (33-38min)
We really hope you enjoy the discussion and look forward to sharing more entertaining and (hopefully!) helpful content with you in 2021 and beyond. For more content you can find us on the links below:
Twitter:
@mitch_dol
@kassia_dol
Youtube:
"Buffetting with Kass & Mitch"
FB/Insta:
@buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
This weeks conversation takes a scenic tour into the wonderful world of financial philosophy and behavioural investing:
- Soros and Druckenmiller's Alchemy of Finance - "Reflexivity" (1-10min)
- The ethos behind Bitcoin/crypto against a backdrop of humanity and our financial system (10-20min)
- The real cause and catalyst for the US housing market crash - "Moral Hazard" (20-28min)
- The real problems in our financial system - "Skin in the Game" (28-31min)
- Is there a practical real world future for Crypto (31-36min)
- "Kass' Conspiracy Corner" - Bitcoin and China (36-41min)
We really hope you enjoy the discussion and look forward to sharing more entertaining and (hopefully!) helpful content with you in 2021 and beyond. For more content you can find us on the links below:
Twitter:
@mitch_dol
@kassia_dol
Youtube:
"Buffetting with Kass & Mitch"
FB/Insta:
@buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
Gaming nerds are duelling hedge funds on the stock market battlefield. Everyone’s mother knows what a SPAC is. Stocks are now called Stonks and they can only go up. Friends you’ve once bored with investing talk are now calling you with their hot stock tips of the week. Spiffy pops are a daily occurrence and intelligent value investing is apparently dead. Is this whole new world of Bizarre here to stay, or could this time really be different? We're going to go out on a limb here and suggest that in reality, what we’re actually experiencing is the ‘2020's meme-stock/crypto bubble'.
The bubble phenomenon is age old and repetitious, so much so that it seems to be ingrained in the human condition. From Tulip Mania in the 1600’s, South Sea Bubble of the 1700’s, Railway Bubble of the 1800’s and take your pick from the bubbles of the 1900’s. Many bubbles have been and gone, lessons learnt by one generation and then forgotten by the next. The questions we ponder in this conversation are:
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What is a bubble and what are the signs were in one?
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How should you be investing in a bubble?
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How do you find investment opportunities in a bubble?
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How can you protect your capital?
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What lessons can we learn from the greatest investors in history?
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How did the best investors operate during bubbles?
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How can you hedge your portfolio against inflation risk?
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Sir Templeton took us off on a religion tangent from 34min onward...
We really hope you enjoy the discussion and look forward to sharing more entertaining and (hopefully!) helpful content with you in 2021 and beyond. For more content you can find us on the links below:
Twitter:
@mitch_dol
@kassia_dol
Youtube:
"Buffetting with Kass & Mitch"
FB/Insta:
@buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
This episode we deep dive into a single stock - Elecro Optic Systems (Ticker: EOS.AX). This one is definitely for serious investors looking for opportunities to allocate capital. We held EOS as 5% of our portfolio prior to the analysis, and have just increased our position to 11% following. We think this company has the potential to be worth multiples of the current share price ($3.92 at 21 May 2021). The PDF presentation can be found by clicking through to our socials.
We really hope you find this information helpful, and welcome anyone reaching out to us if you'd like to discuss this company further. For more of our content you can find us on the links below:
Twitter:
@mitch_dol
@kassia_dol
Youtube:
"Buffetting with Kass & Mitch"
FB/Insta:
@buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
Ever wondered what it would be like to invest with your partner? To share user access to your portfolio? In this episode we share our honest review of co-parenting a portfolio together as a husband and wife team, and Mitch shares his experience moving from a batchelor to nesting together. Some topics covered:
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Working with our personal strengths and weaknesses
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Base principles and ground rules
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Positives and negatives moving from solo investor to team
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How we make final decisions
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How to get your partner interested in investing, and help their learning process along
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18min in Kass starts asking the hard questions and 21min in Mitch resorts to impressions
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36min the FEMALE Vs MALE argument rears its head
We really hope you enjoy the discussion and look forward to sharing more entertaining and (hopefully!) helpful content with you in 2021 and beyond. For more content you can find us on the links below:
Twitter:
@mitch_dol
@kassia_dol
Youtube:
"Buffetting with Kass & Mitch"
FB/Insta:
@buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
In this episode, we discuss our experience during the Covid crash, before during and after. What we did right, what we did wrong and the biggest lessons we learned.
We really hope you enjoy the discussion and look forward to sharing more entertaining and (hopefully!) helpful content with you in 2021 and beyond. For more content you can find us on the links below:
Twitter:
@mitch_dol @kassia_dol
Youtube:
"Buffetting with Kass & Mitch"
FB/Insta:
@buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.
Welcome to the first episode of Buffetting with Kass and Mitch. Whether you are just starting out on your investing journey or are a fellow Buffett and Munger nerd looking for interesting topics and honest discussions, then this podcast might float your boat...in a great moat! (yes we are dorks)
In this episode, we discuss the basis of how we invest our capital in the stock market, including some ground rules and principles we live by. With traditional value investing as our framework we touch on:
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Retail investors in today's market
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Looking for growth with a capped downside
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Finding your edge
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A brief summary of our AYR Wellness investment in the US cannabis sector (26-35 min)
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Some entertaining thoughts on Bitcoin (36-44 min)
We hope you enjoy our first discussion and look forward to sharing more entertaining and (hopefully!) helpful content with you in 2021 and beyond. For more content you can find us on the links below:
Twitter:
@mitch_dol @kassia_dol
Youtube:
"Buffetting with Kass & Mitch"
FB/Insta:
@buffettingkassmitch
Always remember - We are not your financial advisors and none of our content should be used as investment advice. We are private investors and all comments are our personal opinions.