Transcript
Introduction
Eric
My guest today is Evan Tindell. Evan graduated from MIT and became a professional poker player before entering the investing world. He's now the co-founder and CIO of Bireme Capital, where he's delivered over 19% annualized returns since 2016 by sticking to classic old-school value investing. In this conversation we talk about how Evan developed his philosophy, why he stuck with value through challenging cycles, and how he thinks about shorting meme stocks in a market dominated by narratives and momentum.We also dive into his views on the Mag 7, Tesla, Japan, and how he's using AI tools for his research. Please enjoy this conversation with Evan Tindell.
Evan, I'm excited to have you here. I feel like I might have found one of the last real value investors in years. Value is dead. So maybe that would be a fun place to start. The art of value investing is something I feel like a lot of investors, especially at a young age, dive into. They start reading letters from The Intelligent Investor, Warren Buffett. At some point they get crushed by the market and say, "I want to do what everyone else is doing." So give us a little background on how you got into value investing and how you've stuck with it for so long.