Episode 109: Interview With John Rotonti
This discussion with John was wide-ranging. We talked about his transition from “artificially restricting himself to a conservative DCF” to a more open mindset when considering making an investment. We also discussed semiconductors, having valuation leniency, how health and fitness connect to investing/building wealth, and what makes a true competitive advantage.
On the second half of the show, we “closed the loop” on Bill Hwang, Spotify’s Locker Room acquisition, and some more nonsense in the SPAC and crypto world (as there always is).
An interesting topic we discussed (that also turned into a bit of a debate) was this article from Unhedged titled “Software FCF Margin: Who Has Been Overearning?” An absolutely illuminating read for anyone that plays in the SaaS world.
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Disclosure: The author and podcast guests are not your financial advisors. Ryan Henderson and Brett Schafer are general partners and portfolio managers at Arch Capital. Clients of Arch Capital may hold securities discussed on this podcast.