Transcript
Introduction
Patrick
I believe that any investment strategy that will deliver strong returns in the future must evolve. The strategy itself should rest on rock solid fundamental principles, which change rarely if ever, things like price discipline or business growth, but the features of the strategy must keep getting better because the marketplace is incredibly competitive. That evolution is the topic of today's conversation with Jason Karp. Jason is the founder and CIO of Tourbillion Capital Partners, a multi-billion dollar asset manager based in New York city. We cover a ton of interesting ground. We start with what has happened in public and private markets, discussing the role of quants, passive indexes, and value versus deep value investing. We compare the relative merits of investing in private equities and where and how opportunities arise. We then focus in on two interesting private investing trends, the health and wellness sector, and the cannabis industry.
First, we discussed Hu Kitchen and Hu Products, the food business that Jason started with his family several years ago in response to personal health challenges. Second, we discussed his evolved views on cannabis as an investment space and why it may also represent a massive growth opportunity. You all know that I value transparency, so it's important to note that since I recorded the conversation, my family became an investor in Hu products. It's been a fascinating means to learn about the food, health and wellness industry, which has grown so rapidly in recent years. We were customers of Hu in New York city, long before I even knew Jason, which made that part of the conversation, especially interesting for me. This episode reinforced my belief in pushing one's investment strategy to adapt to changing market conditions and competitive pressures. If we have any hope of beating Vanguard, we can't ever rest on our laurels. This was an especially eclectic and fun conversation, I hope you enjoy my chat with Jason Karp.