Shows
Yet Another Value PodcastNovember 2025 Random RamblingsHost Andrew Walker delivers his November ramblings with four key themes. He kicks things off with a story about craps in Vegas to illustrate how early wins in investing can falsely reinforce flawed strategies. Andrew also explores the mental traps of buying stocks he initially passed on, offers cautious commentary on shorting the so-called "AI bubble," and reflects on why trusting management projections and NAV estimates often ends in disappointment. With a new baby on the way, Andrew signs off with personal updates and an open invitation for listeners to reach out and discuss these topics further._________________________________________________________
2025-11-1429 minYet Another Value PodcastShining a light on Golden Entertainment's "wealth transfer" $GDENOn the heels of sending an open letter to the Golden Entertainment's (GDEN; disclosure: long) board, host Andrew Walker dives deeper into Golden's take private deal and why he believes it transfers ~$300m of value from minority shareholders to insiders.Open letter to GDEN board: https://www.yetanothervalueblog.com/p/an-open-letter-to-the-golden-entertainment___________________________________________________________[00:00:02] Intro to special episode[00:03:26] Comparison to Louvre heist[00:04:20] Smoking guns and IR site change[00:07:35] Sale leaseback structure details[00:09:15] Valuation analysis and critique[00:13:30] Everbay letter and valuation math[00:16:45] Management buyout vs...
2025-11-1125 minYet Another Value PodcastOctober 2025 Random RamblingsIn this month’s episode of Yet Another Value Podcast, host Andrew Walker reflects on key investing themes from October 2025. He probes Warren Buffett’s late-stage performance, introducing a concept called “risk riding” and considers the unseen risks that may have shaped Buffett’s recent success. Andrew also critiques excessive investor relations spending, explores a tweet on the underappreciated value of averaging up, and questions the mindset behind stocks being “cheaper today than yesterday.”_____________________________________________________________[00:00:00] Intro, Buffett, risk riding[00:02:45] Returns vs risk over time[00:06:30] Buffett aging, investment impact[00:12:30] Investor relations overspending
2025-10-2427 minYet Another Value PodcastMarathon Partners' Mario Cibelli updates the Remitly Thesis $RELYIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Mario Cibelli of Marathon Partners for his fifth appearance. This time, they revisit Remitly (RELY), a name Mario originally pitched a year ago on podcast #266. The stock has seen ups and downs since, prompting a fresh look at its fundamentals, growth trajectory, and competitive standing—especially against players like Wise. The duo explores key risks including stablecoin disruption, regulatory dynamics, fraud prevention, and recent product launches like Remitly One and Remitly Business. Mario also explains why he believes the market misunderstands Remitly’s valuation and long-term pote...
2025-10-2058 minYet Another Value PodcastWorking out Basic Fit's Value with Buckley Capital's Zack Buckley $BFITIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Zack Buckley of Buckley Capital Partners to discuss Basic-Fit, Europe’s largest gym chain. Zack shares why the market has been overly pessimistic on the name, despite long-term growth potential. They break down what went wrong post-2020, unit economics, and whether Basic-Fit can finally deliver on expectations. Zack also outlines the opportunity in France’s 24/7 gym shift, the underappreciated moat in Basic-Fit's cluster strategy, and why he sees the stock potentially tripling. It's a conversation packed with deep due diligence, strategic insights, and a firm outlook on v...
2025-10-1357 minYet Another Value PodcastUnlocking Jardine Matheson's holdco value with Cayucos Capital's Dom St GeorgeIn this episode of Yet Another Value Podcast, host Andrew Walker speaks with Dom St. George from Cayucos Capital about Jardine Matheson, a complex, centuries-old conglomerate currently trading at a discount to its net asset value. Dom shares insights from over a decade of following the company, breaking down its historic roots, complicated structure, and the recent strategic overhaul under fifth-generation leadership. The conversation digs into the potential implications of new private equity hires, the value locked in Hong Kong Land and Mandarin Oriental, and whether simplification or empire-building lies ahead. Tune in for a discussion on the nuances...
2025-10-0743 minYet Another Value PodcastJohn Malone's Memoirs: Born to be Wired book clubIn this episode of Yet Another Value Podcast, host Andrew Walker is joined by Byrne Hobart from The Diff for the monthly book club. They discuss Born to Be Wired, the newly released memoir of John Malone. The conversation explores Malone’s strategic mastery, his historical and modern media investments, thoughts on taxation, and media regulation. Andrew and Byrne also reflect on Liberty’s recent underperformance, Malone’s approach to succession, and the evolving media landscape. They close with a playful debate on the future of CNN, potential Saudi buyouts, and what book to read next. Listeners interested in media...
2025-10-021h 02Yet Another Value PodcastFirebird Management's Steve Gorelik's Molina Healthcare Bull Thesis $MOHIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Steve Gorelik from Firebird Management for a deep dive into Molina Healthcare (ticker: MOH). Together, they explore the sharp drop in Molina's stock despite its long-standing compounder reputation. Steve outlines how Molina operates as a low-cost Medicaid-focused managed care organization, making it uniquely resilient amid rising medical costs and regulatory challenges. They discuss Molina’s competitive advantages, risks tied to healthcare policy, redetermination effects, and its strategic M&A playbook. Tune in to understand why Steve believes Molina remains undervalued and poised to outperform its peers—even...
2025-09-2955 minYet Another Value PodcastSeptember 2025 Random RamblingsIn this monthly solo episode of Yet Another Value Podcast, host Andrew Walker tackles four wide-ranging themes: Trump’s suggestion to change SEC reporting from quarterly to semi-annual filings, Elon Musk’s astonishing $1B open market Tesla buy, the potential for alpha from structural market changes, and the fine line between improvement and mindless investing practice. Andrew also shares candid thoughts on investor judgment and the current explosion of meme stocks. Tune in for an honest and reflective breakdown of how macro shifts and investor behavior may be shaping opportunities—and challenges—in today’s market.__________________________________________________________[00:00:0...
2025-09-2534 minYet Another Value PodcastShomik Ghosh's $CWAN bull thesisIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes returning guest Shomik Ghosh for a deep dive into Clearwater Analytics (C-WAN). Known for his detailed research, Shomik breaks down C-WAN’s business model, recent acquisitions, valuation metrics, and long-term growth outlook. They explore how Clearwater’s sticky, cloud-native platform is disrupting legacy financial systems and what makes its data architecture and integration vision compelling. From insurance to asset management and hedge funds, the conversation unpacks how Clearwater aims to become an end-to-end solution across the investment lifecycle. They also discuss private equity involvement, AI applications, and valu...
2025-09-2253 minYet Another Value PodcastArtem Fokin on Improving with AI and Expert CallsIn this episode of Yet Another Value Podcast, Andrew Walker teams up again with Artem Fokin, head of Caro-Kann Capital, for a deep dive into research tools reshaping modern investing. Originally recorded as a webinar for AlphaSense, they explore how AI and expert call libraries have revolutionized solo and institutional investor workflows. Artem shares how he integrates AlphaSense’s newest tools—like Grid and Deep Research—into his diligence process, and the pair compare approaches to conducting and analyzing expert calls. This is a tactical, in-the-weeds discussion on using tech to sharpen your edge.You can see the fi...
2025-09-181h 02Yet Another Value PodcastSophon Capital's Thunderbird Entertainment Thesis $TBRDIn this episode of Yet Another Value Podcast, host Andrew Walker speaks with Franco Chomonalez from Sophon Capital to analyze Thunderbird Entertainment (TBRD). Franco shares why the microcap Canadian animation and media company—trading at just 1.6x EBITDA—fits Sophon’s investment criteria. They discuss Thunderbird’s three revenue models, its role as a low-cost production partner for Disney, and the competitive advantages stemming from Canadian tax credits. The conversation also explores failed M&A efforts, AI disruption risk, shareholder tensions, and the upcoming TSX uplisting as a potential re-rating catalyst.Sophon Capital's site: https://sophoninvest.substack.com/...
2025-09-1257 minYet Another Value PodcastYummy Century Egg's Guowei Zhang Echostar follow up $SATSIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Wei from Yummy Century Stocks for a follow-up on EchoStar/Sats. They analyze the surprise $23 billion spectrum deal with AT&T, what it means for the rest of the spectrum portfolio, and whether liquidation or a new satellite venture is next. The discussion touches on cable’s strategic options, risks of regulatory interference, and shifting dynamics in fixed wireless and spectrum valuation. They also explore ongoing broadcaster M&A and close with a candid conversation on value investing psychology, bagholding, and lessons from QVC.First SATS po...
2025-09-081h 00Yet Another Value PodcastRailroader (August 2025 fintwit book club)In this episode of Yet Another Value Podcast Book Club, host Andrew Walker and co-host Byrne Hobart of The Diff discuss Railroader, the biography of Hunter Harrison—one of the most transformative figures in modern railroading. They explore Harrison’s management style, capital discipline, and the precision scheduled railroading model he pioneered. The conversation digs into his alliances with Bill Ackman and Paul Hilal, controversial board dynamics, and the balance between performance and persona. Was Harrison a generational genius or just a man with perfect timing? Tune in for a deep probe into leadership, rail strategy, and long-term industry shif...
2025-09-0258 minYet Another Value PodcastHow to get a job in investingIn this episode of Yet Another Value Podcast, host Andrew Walker steps away from traditional investing talk to offer a focused career guide for young professionals. Aimed at college students, MBA candidates, or early-career professionals seeking entry into public market investing, Andrew shares practical advice on everything from earning credibility to crafting cold emails, writing substack pitches, and giving impactful stock pitches. He explains actionable strategies like starting a pseudonymous Substack, passing CFA Level 1, and approaching investors with genuine ideas—not just resumes. If you're serious about a career in investing, this is a must-listen blueprint.______________________________________________________________________...
2025-08-2836 minYet Another Value PodcastGuinea Value's Jingshu Zhang on $EDUIn this episode of Yet Another Value Podcast, host Andrew Walker is joined by Jingshu from Guinea Value to discuss New Oriental Education (ticker: EDU), a Chinese education services firm. They explore the company’s dramatic fall in 2021 following regulatory crackdowns, its surprising rebound, and its resilience in the face of industry headwinds. Jingshu shares rare firsthand insights from his own experience founding a similar business, giving unique context to New Oriental’s position in the market. Topics range from working capital dynamics and regulatory shifts to capital allocation and AI’s impact on education. Tune in for an in-dep...
2025-08-2450 minYet Another Value PodcastPerfecting the Investing Craft with Caro-Kann’s Artem FokinIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back recurring guest Artem Fokin for a wide-ranging discussion on perfecting the craft of investing. Skipping individual stock pitches, they explore long-term process improvements, the role of AI in research, and how expert calls have changed their approach. Artem and Andrew debate the statistical validity of track records, the impact of conviction borrowing, and the future of market efficiency in an AI-driven world. Listeners will also hear how Artem's investment focus evolved over the past decade, and why understanding customer-level value is now at the core of...
2025-08-211h 26Yet Another Value PodcastAugust 2025 Random RamblingsIn this August 2025 edition of Yet Another Value Podcast, host Andrew Walker returns with his signature monthly ramblings. Andrew unpacks the strange dynamics in today’s bifurcated market — where AI giants soar while traditional sectors flounder. He explores whether buybacks post-earnings miss signal strength or delusion, muses on “hot girl marketing” with a focus on Sydney Sweeney’s campaigns, and discusses what drives real ROI in celebrity partnerships. He closes with reflections on sizing up when holding a true edge, and a fascinating challenge trade: Paulson buying Icahn’s full stake in Bausch Health._________________________________________________________[00:00:00] Intro and episode...
2025-08-1930 minYet Another Value PodcastSemiAnalysis' Jeremie Eliahou Ontiveros on all things datacenter / powerIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes Jeremie from SemiAnalysis for a deep exploration into the surging demand for power infrastructure driven by AI. Jeremie breaks down the evolving trends in onsite gas turbines, the shift from diesel generators, and how data centers are racing to scale quickly. They dissect hyperscaler capex forecasts, the sustainability of GPU investments, and the contrasting strategies of CoreWeave and Oracle. The discussion extends to robotics adoption, the future of labor, and whether remote locations like Alaska could become new data center hubs. A timely conversation as AI’s in...
2025-08-181h 00Yet Another Value PodcastOld West's Brian Laks dives into metals, mining, and uraniumIn this episode of the Yet Another Value Podcast, host Andrew Walker welcomes back Brian Laks of Old West Management for his third appearance on the show. Brian shares deep insights into uranium, copper, gold, and the broader metals market. They revisit Old West’s early uranium thesis and how it has evolved, assess copper’s growing strategic importance, and examine gold’s unique demand drivers. The conversation covers supply-demand imbalances, government involvement in critical minerals, tariffs, and how AI’s energy demands tie back to metals. Brian also explains how Old West balances long-term macro views with valuation discipli...
2025-08-1456 minYet Another Value PodcastHidden Gems' Chris Waller Judges Scientific ThesisIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Chris Waller, founder of Hidden Gems Investing, for his third appearance. Chris shares his deep research into Judges Scientific, a UK-listed serial acquirer of niche scientific instrument businesses. The discussion covers Judges’ disciplined acquisition strategy, historical returns, and competitive advantages in attracting founder-led businesses. They examine the challenges of scaling acquisitions, lessons from Geotech, the impact of recent headwinds like US college spending cuts, and long-term growth prospects. Chris also addresses management succession risks, valuation considerations, and the cultural nuances behind the company’s dividend policy. The...
2025-08-1152 minYet Another Value PodcastAnek Capital's Orel Levy's Cellebrite Thesis $CLBTIn this episode of Yet Another Value Podcast, host Andrew Walker is joined by Orel Levy of Anek Capital to discuss Cellebrite (ticker: CLBT). The conversation explores Cellebrite’s digital forensics tools, from cracking phones to managing and analyzing data. Orel provides a comprehensive overview of Cellebrite's business model, competitive positioning, and potential for growth. Topics include their shift to a SaaS model, the federal sector's role, AI integration, competitive threats like Palantir, and the company’s broader strategic outlook. They also touch on risks, including execution challenges, management turnover, and potential M&A speculation. Tune in to understand why...
2025-08-011h 00Yet Another Value PodcastSoftwar: An Intimate Portrait of Larry Ellison and Oracle $ORCL (Fintwit Book Club July 2025)In this episode of Yet Another Value Podcast Book Club, host Andrew Walker is joined by Byrne Hobart of The Diff to explore Softwar, the 2003 biography of Oracle co-founder Larry Ellison. Together, they dissect the contradictions of Ellison's public and private personas, Oracle's aggressive sales culture, and the book's surprisingly prescient predictions about tech's future. They reflect on ERP nightmares, Oracle's early brushes with collapse, and its surprisingly fertile alumni network. The conversation probes the blurred line between visionary leadership and red flags, while tracing Ellison’s uncanny resemblance to figures like Elon Musk. From petty footnotes to PR pl...
2025-07-2959 minYet Another Value PodcastKingdom Capital's David Bastian on United Natural Foods $UNFIIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back David Bastian of Kingdom Capital to analyze United Natural Foods Inc. (UNFI), a grocery distributor at the center of a complex turnaround story. They examine UNFI’s legacy issues, including its troubled SuperValu merger, the fallout from over-earning during COVID, and a recent cyberattack. David discusses management's new strategic direction, margin normalization efforts, and the implications of UNFI’s critical relationship with Whole Foods and Amazon. They also explore valuation frameworks, industry dynamics, and UNFI’s potential path to sustainable earnings growth under improved leadership.______________________________________________________________________[00:00:00] Podcast and gu...
2025-07-2559 minYet Another Value PodcastRandom Ramblings July 2025In this July 2025 episode of Yet Another Value Podcast, host Andrew Walker shares his latest market reflections. He opens with sharp takes on the speculative surge in crypto-linked equities and questions about hidden leverage. Andrew dissects the potential rise of a new SPAC bubble and lays out a hedge strategy using SPACs at trust value. He then transitions into a deep dive on pattern recognition in investing—its power, its risks, and when it turns into harmful stubbornness. From Warren Buffett’s historical lens to Talon Energy and personal investing biases, Andrew probes how past experiences shape investor behavior. The...
2025-07-2327 minYet Another Value PodcastMidyear 2025 podcast ideas updatesIn this solo update, host Andrew Walker revisits his three 2025 stock ideas (disclosure: long all three!): Sage Therapeutics (SAGE), Keros Therapeutics (KROS), and Full House Resorts (FLL). He breaks down Sage’s acquisition by SUPN and the chance of a higher bid from Biogen, discusses Keros’ announced capital return, and digs into why Full House Resorts has lagged so far despite promising insider buying and strong project progress. Andrew also highlights why active shareholder engagement still matters and how insider moves can reveal conviction.For links to the prior podcast ideas and open letter, please see this post...
2025-07-1033 minYet Another Value PodcastHow Countries Go Broke (June 2025 Fintwit Book Club)In this monthly book club edition of Yet Another Value Podcast, host Andrew Walker is joined by Byrne Hobart of The Diff and Capital Gains to unpack Ray Dalio’s latest book, How Countries Go Broke: The Big Cycle. The pair probe Dalio’s sweeping macroeconomic theories, debt cycles, historical analogies, and technology’s role in shaping the future. They scrutinize the credibility of Dalio’s claims, the real-world implications of sovereign debt risks, and the potential misapplications of macro trading skills to macroeconomic policymaking. The conversation winds through AI’s effect on productivity, the staying power of elites through so...
2025-06-261h 06Yet Another Value PodcastYummy Century Egg's Guowei Zhang on Echostar $SATSIn this episode of Yet Another Value Podcast, host Andrew Walker is joined by Guowei from the substack "Yummy Century Stocks" for an extensive discussion on EchoStar (SATS). They dig into the company’s complex structure, diving deep into its failing satellite and pay TV segments, and the potential trapped value in its wireless spectrum assets. The conversation unpacks regulatory drama with the FCC, speculation around a Trump Mobile tie-in, and the looming potential for bankruptcy. With both long and short positions from top investors and a potential valuation ranging from zero to $100+ per share, this is one of th...
2025-06-241h 11Yet Another Value PodcastRhizome Partner's Bill Chen's post-NAREIT takeawaysIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Bill Chen of Rhizome Partners, one of the platform's most popular and deeply knowledgeable guests in real estate investing. Fresh from attending NAREIT, Bill unpacks trends across the public and private real estate sectors, offering a unique vantage on REIT performance, multifamily fundamentals, and the developing divergence in valuation metrics. The discussion spans topics from rent regulation in New York, to capital allocation discipline among REITs, and dives into lesser-understood niches like grocery-anchored retail and net lease offices. Andrew and Bill blend data with real-time market...
2025-06-191h 16Yet Another Value PodcastFindell Capital's Brian Finn on Oportun $OPRTIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Brian Finn of Findell Capital for his fourth appearance. Brian, owning approximately 10% of Oportun Financial (OPRT), discusses his ongoing proxy battle to reform the company’s board. He explains how Oportun’s shift from a focused lender to an unfocused “fintech empire” led to operational bloat and shareholder destruction. The discussion probes governance failures, board entrenchment, and the recent removal of a high-performing director. Brian also outlines the investment thesis for Opportune, emphasizing its underserved customer base, strong unit economics, and potential for a major turnaround under ex...
2025-06-1645 minYet Another Value PodcastRecurve Capital's Aaron Chan on Cogent $CCOIIn this episode of Yet Another Value Podcast, host Andrew Walker returns with Aaron Chan from Recurve Capital to explore Cogent Communications (CCOI). Aaron breaks down the legacy internet business, the Sprint wireline acquisition, and the complex financial transformation underway. The conversation highlights CEO Dave Schaeffer’s strategic vision, market dynamics in enterprise telecom, and the network’s long-term potential. They analyze network architecture, discuss operational efficiency, and evaluate capital allocation under heavy leverage. The episode closes with thoughts on competitive threats, structural advantages, and what the future may hold post-Dave.________________________________________________________[00:00:00] Podcast and...
2025-06-111h 26Yet Another Value PodcastKontrarian Korner's Ben Kelleran on Sable Offshore $SOCIn this episode of Yet Another Value Podcast, host Andrew Walker speaks with Ben Kelleran of Kontrarian Korner to discuss Sable Offshore, a company attempting to revive the Santa Ynez oil unit off the California coast. They explore the high-stakes nature of this investment, dissect the complex legal battles with California regulators, and assess the upside potential of the project if full production is achieved. The conversation covers Sable's SPAC history, economics, leadership, refinancing plans, and what needs to happen for the company to fully restart operations and generate significant returns.______________________________________________________[00:00:00] Introduction and sponsor message
2025-06-0654 minYet Another Value PodcastThe Snowball (May 2025 Fintwit Book Club)In this edition of the Yet Another Value Podcast Book Club, host Andrew Walker reunites with Byrne Hobart of The Diff to revisit The Snowball, Alice Schroeder’s biography of Warren Buffett. Triggered by Buffett’s recent retirement, the two reflect on how their views have evolved since first reading the book in their 20s. They unpack Buffett’s complex personal life, his early financial maneuvers, near-catastrophic risks, and lasting investment philosophies. Key discussions include Buffett’s detached family dynamics, calculated leverage, deep value tactics, and overlooked geopolitical caution. With a balance of admiration and critique, Andrew and Byrne present...
2025-06-041h 15Yet Another Value PodcastMuddy Waters' Darren McLean on investing in the mining sectorIn this episode of Yet Another Value Podcast, host Andrew Walker speaks with Darren McLean of Muddy Waters about investing in the mining sector. Darren shares how informational edges and a deep understanding of data can yield outsized returns in a space often overlooked by generalists. They discuss the inefficiencies in mining markets, the value of unconventional data analysis, and why mining offers compelling alpha for those willing to do the work. Darren also explores the evolution of mining capital, the brain drain in the industry, and the outsized rewards of discovering and developing world-class assets. Tune in to...
2025-06-0355 minYet Another Value PodcastFintool's Nicolas Bustamante on using AI to improve in investingIn this episode of Yet Another Value Podcast, host Andrew Walker speaks with Nic Bustamante, founder of FinTool, an AI-powered platform designed for equity analysts and investors. They probe how AI is transforming investment workflows, from memo creation to screening and qualitative analysis. Nic shares examples of institutional adoption, discusses nuanced challenges like bias in management conversations, and forecasts how AI could evolve investor roles. Whether you're deeply entrenched in AI or just starting out, this episode provides grounded insights into its growing role in finance.______________________________________________________________________ [00:00:00] Andrew introduces podcast and guest[00:01:50] Ni...
2025-05-291h 08Yet Another Value PodcastPitch the PM's Doug Garber on $TUSK's mammoth cash balanceIn this episode of Yet Another Value Podcast, host Andrew Walker is joined by Doug Garber, founder of the Pitch the PM podcast, to dissect Mammoth Energy (TUSK). They explore TUSK's mammoth (pun intended) cash holdings relative to its market cap, past challenges including fracking and Puerto Rico operations, and the implications of recent asset sales. Doug shares insights into TUSK's business segments, corporate governance under Wexford, and potential capital allocation strategies. They also discuss the strategic outlook with the upcoming CEO transition.______________________________________________________________________[00:00:00] Podcast introduction and episode setup[00:02:06] Doug Garber joins the discussion[00:02:51] Overview of Mammoth Energy's business[00:05:14] Settlement...
2025-05-2651 minYet Another Value PodcastPlanet Microcap 2025 Q&A with Artem Fokin of Caro-Kann CapitalIn this episode of Yet Another Value Podcast, host Andrew Walker shares a keynote Q&A from the Showcase Vegas event with returning guest Artem Fokin of Caro-Kann Capital. Artem breaks down his concept of “superpowers” in investing—an individual’s unique edge based on comparative advantage—and how it shapes portfolio decisions. The discussion extends into sell discipline, including identifying when a thesis is broken and handling emotional pitfalls during drawdowns. Artem also touches on evaluating management teams, international microcap investing, and the psychological toll of investing for a living. The conversation is a practical dive into staying grounded a...
2025-05-2134 minYet Another Value PodcastPershing Square Challenge 2025 winners on Carlisle $CSLIn this episode of Yet Another Value Podcast, host Andrew Walker interviews the first-year Columbia MBA team who unanimously won the 18th Annual Pershing Square Challenge with their investment thesis on Carlisle Companies (CSL). The team—Tuan, Dimitry, and Erik—shares their detailed research into the commercial roofing giant, exploring its competitive moats, sticky customer relationships, management alignment, valuation framework, and opportunities for expansion. They discuss their firsthand trade show research, unique insight into labor dynamics, and responses to key concerns like cyclicality and pricing power. The conversation also covers the company's history, recent transformation, and what could keep an i...
2025-05-191h 03Yet Another Value PodcastRandom Ramblings May 2025In this May 2025 edition of Yet Another Value Podcast, host Andrew Walker shares a range of thoughts in his monthly solo ramble. He opens with macro commentary on market resilience post-"Liberation Day" and ongoing CEO uncertainty. He transitions to the role of AI in investing, using analogies from sports to explore how AI may alter investor success profiles. Andrew dives into how management teams' sales skills can mislead investors and shares his growing skepticism from biotech engagements. The episode closes with reflections on how personal preferences influence investing decisions and a detailed breakdown of how sunk costs and...
2025-05-1435 minYet Another Value PodcastCliff Sosin from CAS on Carvana and a bunch of other stuff $CVNAIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Cliff Sosin of CAS Investment Partners for his second appearance. Known for his concentrated, long-term investing approach, Cliff discusses the unique characteristics of Carvana's lending model, the intricacies of subprime finance, and why he believes Carvana's comeback story deserves a closer look. The conversation explores Cliff's investment philosophy, alternative data use, and risk management, while diving deep into market misconceptions around subprime lending, inventory valuation, and self-driving cars. Tune in for a data-rich breakdown of one of the market's most discussed turnarounds.Links:
2025-05-081h 24Yet Another Value PodcastClashing Over Commerce (Fintwit Book Club April 2025)In this episode of the Yet Another Value Podcast FinTwit Book Club, Andrew Walker is joined by Byrne Hobart of The Diff to discuss Clashing Over Commerce, a sweeping political and economic history of U.S. trade policy. Against the backdrop of current debates on tariffs, they explore how deeply tariffs shaped American politics, the surprising economic nuance found in 19th-century policy, and the recurring tensions between protectionism and free trade. From supply chain shifts to presidential power dynamics, they unpack what history might tell us about today’s trade decisions—and what it doesn’t.______________________________________________________________________Chap...
2025-05-021h 00Yet Another Value PodcastAI in Investing with Daloopa's founder Thomas LiIn this episode of Yet Another Value Podcast, host Andrew Walker shares a webinar conversation with Thomas Li, CEO and co-founder of Daloopa, diving into how AI is transforming the workflows of fundamental investors. They explore real-world applications across hedge funds and investment banks, highlighting both the promise and current limitations of large language models in financial analysis. From note synthesis to risk modeling and center book evaluations, Thomas outlines the practical realities of AI implementation, discusses adoption across firm sizes, and explains how contextual data—not just algorithm quality—is becoming the differentiator. Whether you're a solo analyst or p...
2025-04-301h 05
The Bully PulpitEaster Recap, Christianity Today, and the Walker/Teetsel showdown over a 90ft statueThanks for listening! Be sure to give us a rating and share with others.Have questions you want answered on the pod? Email us: bullypulpitpod@gmail.comFollow the squad:https://x.com/ErikReedhttps://x.com/deaninserrahttps://x.com/andrewtwalkhttps://x.com/EricTeetsel
2025-04-241h 13Yet Another Value PodcastRandom Ramblings April 2025In this month’s episode of Yet Another Value Podcast, host Andrew Walker goes solo with his April Ramble, recorded just before a whirlwind travel schedule kicks off. He opens with an update on KROS, a position he's long, discussing the company’s surprising move to evaluate strategic alternatives and what it reveals about investor skepticism in the busted biotech space. Andrew continues with a candidcritique of the biotech sector’s structural inefficiencies, urging investors to push harder on corporate governance rather than avoid the "activist" label. From there, he explores how stock-based compensation can become more damaging when share...
2025-04-1528 minYet Another Value PodcastAvoiding the Zombie Biopharm trap at Keros $KROSIn this episode of Yet Another Value Podcast, host Andrew Walker returns for a solo discussion on Keros Therapeutics (KROS), a biotech firm navigating a dramatic fall from grace. Once buoyed by hopes for its leading drug Cybo (KER-012), KROS is now reeling from halted trials and a steep drop in share price. Andrew lays out the case for why this company, despite setbacks, may still hold considerable value. He explores KROS's licensing deal with Takeda, their significant cash reserves, and questions surrounding its future direction. Calling on shareholder alignment and corporate governance, Andrew challenges listeners to consider whether...
2025-04-0934 minYet Another Value PodcastWindward's Marc Chalfin Turtle Beach Thesis $TBCHIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Marc Chalfin of Windward Capital to discuss Turtle Beach. Known for its gaming headsets and peripherals, Turtle Beach is at the center of a compelling capital allocation story. Marc outlines why the company’s recent PDP acquisition, aggressive buyback strategy, and positioning ahead of the Nintendo Switch refresh and GTA VI release create a rare opportunity. He also breaks down the company’s corporate turnaround, supply chain adjustments, and potential paths to a strategic or private equity exit. If you’re following gaming or capital discipline storie...
2025-04-0845 minYet Another Value PodcastDavid Capital's Adam Patinkin Updates the Vistry Thesis $VTYIn this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Adam Patinkin of David Capital for his third appearance—this time for a much-requested update on British homebuilder and regeneration specialist Vistry (RY). Adam originally laid out a bold thesis in early 2024 that Vistry’s transition to a pure-play partnerships business could mirror the NVR success story. But after a string of profit warnings and a collapsing share price, listeners wanted answers. Adam walks through what went wrong, why the company’s current valuation doesn’t match its fundamentals, and why David Capital doubled its position. The disc...
2025-04-051h 00Yet Another Value PodcastFocus Capital Advisers' Mordechai Yavneh on the greatest acquisition of all time (Valeura Energy)In this episode of Yet Another Value Podcast, host Andrew Walker welcomes back Mordechai, head of Focus Capital Advisers, for his third appearance. They unpack what Mordechai calls the greatest acquisition of all time—Valeura Energy's buyout of Gulf of Thailand oil assets. The two deals, acquired at rock-bottom prices, now generate more than their cost in monthly free cash flow. Mordechai explains theasset's unusual geology, the long-tail economics of its reserves, and why the market still doesn't get it. They also cover decommissioning liabilities, NAV versus market cap, and how management might pull off more high-conviction deals in th...
2025-04-021h 01Yet Another Value PodcastMarch 2025 Fintwit Book Club: Diary of a Very Bad Year with Byne Hobart from The DiffIn this episode of the Yet Another Value Podcast Monthly Book Club, host Andrew Walker is joined by Byrne Hobart, author of The Diff newsletter, to discuss Diary of a Very Bad Year: Confessions of an Anonymous Hedge Fund Manager. The conversation explores the book’s candid insights from a hedge fund manager navigating the 2008 financial crisis. Andrew and Byrne dig into the accuracy of predictions made in real time, the psychology of uncertainty, and the relevance of past financial mistakes to today’s AI boom and private credit landscape. This is a thoughtful discussion on expertise, misallocation, and fina...
2025-04-011h 05Yet Another Value PodcastRandom Ramblings March 2025: the market sell off, relationships with management teams, corp govWelcome to the March 2025 edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: the market sell off, relationships with management teams - pros and cons, activism and corporate governance, and where to liveChapters:[0:00] Introduction + Episode sponsor: Daloopa[2:30] The market sell off[15:45] Developing relationships with management teams[22:02] Corporate governance and activism[25:26] Where to live[28:58] Planet MicroCap Showcase: VEGAS 2025 in partnership with MicroCapClubToday's sponsor: Daloopa
2025-03-2131 minYet Another Value PodcastRandom Ramblings FEB 2025: Libra, changing your mind, lucky vs. unlucky stocks, hands-on researchWelcome to the February 2025 edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: Libra and Argentina, some things you've learned that changed your mind recently, lucky or unlucky stocks and doing hands-on research and personal experience.Chapters:[0:00] Introduction + Episode sponsor: Alphasense[2:45] Libra and Argentina[7:38] Changing your mind[16:32] Lucky or unlucky stocks[18:46] Hands-on research and personal experienceToday's sponsor: AlphasenseIf you’re unfamiliar with AlphaSense, it’s a...
2025-02-2829 minYet Another Value PodcastYet Another Value's special situation: Sage Therapeutics $SAGEIn today's episode of the Yet Another Value Podcast, Host, Andrew Walker, shares his thesis and presentation on Sage Therapeutics, Inc. (NASDAQ: SAGE), a biopharmaceutical company committed to pioneering solutions to deliver life-changing brain health medicines, so every person can thrive.For more information and to subscribe to the Yet Another Value Substack, please visit: https://www.yetanothervalueblog.com/Disclosure: long SAGEChapters:[0:00] Episode sponsor: Alphasense[3:21] Introduction - passive vs. active investing[7:32] Overview of $SAGE and why its interesting to Andrew: passive owners in the company, shareholder...
2025-02-2036 minYet Another Value PodcastYet Another Value's 2025 Idea of the Year: Full House Resorts $FLLIn today's episode of the Yet Another Value Podcast, Host, Andrew Walker, shares his thesis and presentation on the YAVB 2025 Idea of the Year: Full House Resorts $FLL, owns, leases, develops and operates gaming facilities throughout the country.
For more information and to subscribe to the Yet Another Value Substack, please visit: https://www.yetanothervalueblog.com/
Disclosure: long FLL
Chapters:
[0:00] Introduction + Episode sponsor: Daloopa
[1:35] Introduction to the Idea of the Year of 2025
[3:07] Quick overview of YAVB Idea of the Year: Full House Resorts $FLL and how to...
2025-01-021h 04Yet Another Value PodcastRandom Ramblings December 2024: YAV Empire, Parallels between Athletics and Investing + IncentivesWelcome to the December 2024 edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: Yet Another Value Empire, reflecting on investing focus for 2025, Parallels between Athletics and Investing and Incentives.
Chapters:
[0:00] Introduction to Andrew's Random Ramblings + Episode sponsor: Fintool
[2:34] Yet Another Value empire and reflecting on investing focus for 2025
[11:32] Parallels between athletics and investing
[18:16] Incentives
Today's sponsor: Fintool
Fintool is ChatGPT for SEC Filings and earnings calls. Are you...
2024-12-2725 minYet Another Value PodcastRandom Ramblings NOV 2024: Post-Election, how top investors stay on their game, existential risksWelcome to the November 2024 edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: Quick thoughts on the election, polymarket, what investors do to stay on top of their game, Investing blind spots: financial engineering and existential risks.
Chapters:
[0:00] Introduction to Andrew's Random Ramblings + Episode sponsor: Daloopa
[1:57] Quick thoughts on the election, market reactions
[6:35] Polymarket
[9:48] What do top investors do that mirrors NBA players that spend millions on their body management to stay...
2024-11-2026 minYet Another Value PodcastRandom Ramblings October 2024: networking with good investors, geopolitical risks, energy, probabilitiesWelcome to the October 2024 edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: being in the room with good investors, geopolitical risks, oil & energy shortages and follow up to September 2024 ramblings on probabilities.
Chapters:
[0:00] Introduction to Andrew's Random Ramblings + Episode sponsor: Tegus
[2:29] Being in the room with good investors
[6:35] Geopolitical risks
[11:16] Oil/energy shortage
[15:06] Follow up to September 2024 ramblings on probabilities
Episode sponsor: Tegus
If you’ve...
2024-10-2525 minYet Another Value PodcastRandom Ramblings September 2024: heavy selection bias, probabilities & terminal 0's, returns on fameWelcome to the September 2024 edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: heavy selection bias, probabilities and waiting and how people value them, and returns on fame.
Chapters:
[0:00] Introduction to Andrew's Random Ramblings + Episode sponsor: Daloopa
[1:36] What are the returns for folks focused on one company, one sector
[7:25] Probabilities and terminal 0's
[12:57] Returns on fame
Today's sponsor: Daloopa
Hey there, fundamental analysts - Are you tired of...
2024-09-2421 minThe Bully PulpitAndrew vs. Matt Walsh, Biblical Deception, and Yet Another Attempt on TrumpSee Andrew’s Tweet that started it all - https://x.com/andrewtwalk/status/1835035870929535109See Matt Walsh’s YouTube video response - https://www.youtube.com/watch?v=at9Gh2NU7zw&ab_channel=MattWalsh(0:35) Andrew Tweets about “Am I a Racist” and…(22:35) What are the limits on Christian behavior in a political conflict?(44:54) A second attempt on Trump’s life. (52:40) What Caught my EyeFollow the squad:https://x.com/ErikReedhttps://x.com/deaninserrahttps://x.com/andrewtwalkhttps://x.com/EricTeetsel
2024-09-201h 02Yet Another Value PodcastRandom Ramblings August 2024: crazy start to August, due diligence trips, seeing management teamsWelcome to the August 2024 edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: crazy start to August in the stock market, due diligence trips, and forming relationships with management teams
Chapters:
[0:00] Introduction to Andrew's Random Ramblings + Episode sponsor: Tegus
[3:04] Topics: crazy start to August in the stock market, due diligence trips, forming relationships with management teams
[3:51] Crazy start to August in the stock market
[10:11] Due diligence trips
[17:30] Due diligence-ing people...
2024-08-1426 minYet Another Value PodcastRandom Ramblings July 2024: stock price driving narrative + investing in products you don't likeWelcome to the July 2024 edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: small cap performance, buybacks, stock price drives narrative, CEO changes, due diligence on companies you don't like (i.e. don't like the product or service personally), alternative data and idea dinners.
Posts mentioned during pod:
On the stress of market melt ups: https://www.yetanothervalueblog.com/p/weekend-thoughts-the-stress-of-market
On stock prices driving narrative: https://www.yetanothervalueblog.com/p/weekend-thoughts-bonus-stock-prices
Chapters:
[0:00] Introduction...
2024-07-2523 minYet Another Value PodcastRandom Ramblings June 2024: franchisees, blaming IR, competitors, interest vs. stats, thesis driftWelcome to the June 2024 edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: investing into franchisees, blaming IR for stock price, competitors, interest in a stock and thesis drift.
For more information about Rangeley Capital, please visit: http://www.rangeleycapital.com/
Chapters:
[0:00] Introduction to Andrew's Random Ramblings + Episode sponsor: Daloopa
[1:33] Investing into franchisees
[10:43] Blaming IR for stock price
[13:37] Killing competitors
[16:25] Interest in a stock
[18:12] Thesis drift
2024-06-1823 minYet Another Value PodcastRandom Ramblings May 2024: conferences, control shareholders, energy drinks and stock advertisingWelcome to the first edition of Andrew's Random Ramblings on the Yet Another Value Podcast. Once a month, Andrew will share thoughts on a few topics - this episode includes: investor conferences (since returning from Planet MicroCap Showcase: VEGAS 2024), control shareholders, energy drinks and stock advertising.
For more information about Rangeley Capital, please visit: http://www.rangeleycapital.com/
Chapters:
[0:00] Introduction to Andrew's Random Ramblings + Episode sponsor: YCharts
[3:29] Investor conferences - just returned from the Planet MicroCap Showcase: VEGAS 2024 / time for a Yet Another Value conference?
[6:28] Control shareholders
[12:24...
2024-05-0819 min
The Messy Action PodcastPODCAST PARTY: Andrew (my fiance) is a SavageWelcome to the FINAL INTERVIEW of the Messy Action Podcast Party!!! We are ending it with a bang... by bringing on my fiance, Andrew Walker. MY FREAKING ROCK throughout all the messy action moments I have taken over the last three years!
GIVEAWAY #3 is presented at the end engraved apple airpods this can be won by :
Heading to the @cbardofit OR @messyactionpodcast instagram to enter the giveaway via THE MOST RECENT POST!!!!
For more:
Follow the RISE Facebook and Instagram!
2024-01-3122 minYet Another Value PodcastYAVP AMA hosted by Caro-Kann Capital's Artem FokinArtem Fokin, Portfolio Manager at Caro-Kann Capital LLC, returns to the podcast to do a fun AMA, not as a guest, but putting his hosting skills to the test and interviewing YAVP host, Andrew Walker.
For more information about Caro-Kann Capital, please visit: http://caro-kann-capital.com/
Chapters:
[1:25] Introduction + Episode sponsor: Alphasense
[3:03] Idea/inspiration for launching Yet Another Value Podcast
[5:56] 5% that is not "Podcast Andrew"
[7:10] YAVP format - how Andrew got to this podcast format
[10:56] Sourcing guests
[18:07] Interview preparation process
[26:29] Interviewer inspiration...
2023-11-3059 minYet Another Value PodcastCove Street Capital's Jeff Bronchick and Andrew Leaf talk $ECVT Ecovyst + $VSAT UpdateCove Street Capital's Jeffrey Bronchick, Principal and Portfolio Manager, and Andrew Leaf, Principal, Research Analyst, discuss their thesis on Ecovyst Inc. (NASDAQ: ECVT), a leading integrated and innovative global provider of specialty catalysts and services. Also, be sure to stick around for the last ten minutes as well to hear Jeff and Andrew's update on Viasat $VSAT.
For more information about Cove Street Capital, please visit: https://covestreetcapital.com/
Quick blurb on $VSAT: https://covestreetcapital.com/well-that-wasnt-fun/
Chapters:
[0:00] Introduction + Episode sponsor: Stream by Alphasense
[1:57] What is Ecovyst and why...
2023-07-1958 minYet Another Value PodcastAndrew Carreon from Emeth Value on Diversified Energy $DECAndrew Carreon, founder of Emeth Value, discusses his thesis on Diversified Energy (DEC; trades in London). Key points include how the company can get such good deals on acquisitions, if the company has an edge in handling asset retirement obligations, and why the company pays such a big dividend.My bull thesis on DEC: https://yetanothervalueblog.substack.com/p/tegus-sponsored-deep-dive-4-natural-198Andrew's first podcast appearance on BSM: https://twitter.com/AndrewRangeley/status/1402967314233008129?s=20&t=8N1sKfcgkx0mbRjNkJxL6wBloomberg article on DEC: https://www.bloomberg.com/news/articles/2021-10-20/gas-producer-diversified-energy-said-emissions-fell-now-it-says-they-didn-tChapters0:00...
2022-08-221h 27
PremodcastLobstercon 2022 RecapWelcome back to all those who made it out to Lobstercon! Jared and DFB put on a fantastic weekend and now for your listening pleasure Jared and Andrew go over all the ins and outs and glorious details of Lobstercon 2022. Sidenote: Andrew's mic got damaged during the stream at lobstercon and doesn't sound great.
2022-05-191h 26Yet Another Value PodcastAndrew Wagner on Copart (CPRT)Andrew Wagner, CIO of Wagner Road Capital Management, discusses his thesis on Copart (CPRT).My Copart (CPRT) notes; https://twitter.com/YetAnotherValue/status/1514627334464323589?s=20&t=yjNrQXKvqPrQdJZ_Z00TdwAndrew's post on Copart: https://www.wagnerroadcm.com/blog/2022/4/8/what-i-like-about-copart-and-how-i-found-itAndrew's Book: The Economics of Online Games: https://amzn.to/3KNkAPnChapters0:00 Intro2:05 How Andrew found CPRT5:30 What is the market missing in CPRT?9:20 What does CPRT do?11:00 What is CPRT's moat?13:25 Does CPRT's network advantages give them an edge in expansion?15:00 Bear case #1: Valuation16:30 Bear case #2...
2022-04-1853 minYet Another Value PodcastAndrew Freedman walks through the TMT spaceAndrew Freedman, managing director at Hedgeye, walks through the TMT landscape post earnings. Key topics include how he looks at legacy media company, why he's bearish PINS and SNAP but long TWTR, and his wories that the economics of streaming simply don't work.Andrew's Twitter account: https://twitter.com/HedgeyeCommChapters0:00 Intro1:15 Andrew's Process5:15 Discussing long TWTR vs short SNAP / PINS9:35 Does the strategic interest around PINS worry you?15:20 What's going on with TWTR right now?32:30 Discussing legacy media (starting with VIAC)37:10 Comping VIAC's valuation versus NXST41:10...
2021-12-061h 07
Arcana UncorkedA Time for Time Magic; Chronomancer WizardsTime magic is as awesome as it is potentially problematic. From the sheer strength of the possible effects to the amount of bookkeeping it requires to keep it all straight, there are plenty of reasons for players to avoid it. That said, we here at Arcana Uncorked think it is cool, Andrew even played a time mage in an old 3.5 game. And we think there are ways to do it that don't break either the meta or your DM's brain. Today we discuss three Wizard subclasses that bill themselves as Chronomancers, the mostly official one from Wildemount, and 2 homebrew...
2021-10-031h 02Arcana UncorkedTitanic Creatures from the ABYSSAt what point is a monster no longer a monster? If it is the size of a skyscraper what makes the heros think they can possibly kill it? It may have hit points, but if you can't hit a vital organ then HP doesn't make sense either. In this episode we look at two Titanic Homebrew monsters from the Haven Discord's All Beneath Yonder Sea and Streams (ABYSS) Compendium and talk about what you can do as a DM to make epic encounters with Gargantuan monsters make sense. While doing so, we also discuss how you can make aquatic...
2021-08-3155 min
Arcana UncorkedThe Ranger, part 1Is there anything to be said about the Ranger that has not already been said many times? Probably not, but collating the thoughts of many into the opinions of the two must be worth something. So in this episode Pat and Andrew begin a series of talks about the Ranger with a very simple question "What is a Ranger?". We talk about the class features that make a Ranger feel like the fantasy character you want to play, while also noting where the published material falls short of that fantasy. In coming episodes we will drive into reworks of...
2021-08-081h 02Arcana UncorkedMonk Madness: The Way of the Elemental Bender and Way of the WeaveMonks are probably the most supernatural of the martial classes and it makes sense for them to have abilities that mimic spells. However, giving spellcasting to monks has resulted in the strangeness that is the Way of the Four Elements monk. Homebrew (and the popular media franchises that inspired it) has given us two possible fixes to make spellcasting monks better, that take essentially opposite stances on the issue. Between audio issues and a incredible lack of close reading skill, can Andrew and Pat get to the bottom of monk madness and come out with some good homebrew?
2021-07-1851 minArcana UncorkedGolems Galore!What the heck does a Glass Golem do?
Golems are the ultimate friend to the squishy evil mage; large, obedient and great fodder for that troublesome adventuring party. However, without support golems don't have much else going for them. Today Pat and Andrew take a look at a take on making Golems encounters more dynamic with a revised quartet of golems from the Monster Manual and a bunch of new ones. They also dive into the real world folklore of golems and maybe get a bit too excited about ways to kill, rather, challenge your players.
2021-07-1156 minYet Another Value PodcastAndrew Carreon from Emeth Value on Blackstone Minerals $BSMAndrew Carreon, founder of Emeth Value, discusses his thesis on Blackstone Minerals (BSM). Key points include how some of the company's undeveloped acreage could be a massive call option, how rising commodity prices impact BSM's value, and how BSM compares to other loose peers.Side note: I had a puppy emergency for the last ten minutes of this podcast; you might see me glancing to the side a bit as my dog (Penny) tries to get my attention. I still think the conversation was great, but sorry for that!Emeth Value's website: https://www.emethvaluecapital...
2021-06-1054 minArcana UncorkedThe Environmental Human and the Greater DragonbornIn this episode Pat and Andrew get distracted for awhile talking about D&D races. Are races meant to more closely reflect racial cultures or actual genetics? Then we actually get to the meat of the matter and talk about fixes for two underwhelming Player's Handbook races. How do you make a human more than a boring set of stat boosts? Make their subrace speak to their culture! How do you make a Dragonborn feel more draconic? Make the mechanics more closely reflect draconic biology!
The Alternate (Environmental) Human by u/AeronDrake can be found...
2021-06-0648 minArcana UncorkedThe Book of Beautiful HorrorsMonsters can be a great tool in a DMs homebrew aresenal, but what makes a monster more than the sum of it's stats? In this episode Pat and Andrew talk about the intersection between good monsters and good encounter design. Then they take a look at 3 dangerous monsters from The Book of Beautiful Horrors, an dark fantasy monster supplement featuring monsters from The Witcher (as well as many originals). With this expansive and flavorful supplement you can find challenges to vex your party at any level. What makes these creatures a cut above? Listen and find out.
...
2021-05-2959 minArcana UncorkedEvolving CantripsUtility cantrips that scale like damage cantrips? It's more likely than you think! Andrew and Pat take a look at how PCs use cantrips, from the Archmage to the Eldritch Knight and how improving cantrips can improve gameplay. The good cantrips get better, but can this system even save True Strike?
Evolving Cantrips (Version 2.5) by u/Carios125 (Yoonki) can be found here:
https://drive.google.com/file/d/1PHpOenx-jkwEuHLblDCB7WdSnF1C89xS/view
Intro and outro music is Lord of the Land by Kevin MacLeod from Incompetech.
The image in the title...
2021-05-0851 minArcana UncorkedThe WitcherToday Pat and Andrew review their first new homebrew class, the Witcher. They discuss the design philosophy of classes in 5th edition and ask how specific a class can be before it needs to be a subclass? After that they talk about the archetypal features of the Witcher class, including the Focus mechanic, a unique way to increase the Witcher's combat versatility.
The Witcher version 2.0 by johnofbohemia can be found here:
https://drive.google.com/file/d/1V68y2ZDX_Xo7lga-zo7ftSNfWgnXiDxB/view
and on their reddit at u/johnofbohemia
2021-05-011h 04Arcana UncorkedThe Tweaked SorcererIn this episode Pat and Andrew discuss the problems inherent in the Sorcerer class in the players handbook. Afterwards, they take a look at a long trusted homebrew of the sorcerer that purports to tackle those issues. Finally, we take a look at two subclasses in this tweaked sorcerer, one that alters the way wild magic works and another that is brand new.
The Tweaked Sorcerer by Sword Meow et al can be found here:
https://www.gmbinder.com/share/-LScPfDMNJC1r34ymHuX
and on their reddit at u/swordmeow
Intro...
2021-04-2450 minYet Another Value PodcastCove Street Capital on Viemed (VMD)Eugene Robin and Andrew Leaf from Cove Street discuss their investment in Viemed. Viemed targets organic growth rates over 30%, yet the company only trades for ~15x free cash flow. Andrew and Eugene lay out their case for why the market is wrong on this one, including why VMD's business model is advantaged versus their competitors and why they aren't scare of a Medicare cut in the near to medium term.Cove Street's first podcast appearance on Viasat (VSAT): https://youtu.be/Otw0oWvuhdUChapters0:00 Intro1:10 Viemed overview4:30 Typical use case for VMD's ventilat...
2021-04-191h 03Arcana UncorkedFey Races: Old Gus' PixieIn this episode Pat and Andrew look at the recent UA published by Wizards of the Coast "Folk of the Feywild" and discuss the hard choices that the designers made when creating these non-standard options. Then we look at the Pixie race from Old Gus' Errata to see how a homebrew creator took on the same challenges.
A couple notes about this episode. First, it was recorded before the most recent UA about Dragons, so we refer to the discussed article as the most recent UA, despite that no longer being the case. Second, Pat's dog...
2021-04-1743 minArcana UncorkedThe Divine Agent and The SurgeonIn this first episode of Arcana Uncorked, Pat and Andrew discuss what makes good homebrew and where to find it. After that they look at two Subclasses for the Rogue, The Divine Agent (version 1.0) and the Surgeon (version 1.1), both written by KibblesTasty.
As discussed in the episode, we find a lot of great homebrew on r/UneathedArcana, which can be found here:
https://www.reddit.com/r/UnearthedArcana/
In particular taking a look at their curated list in the sidebar is a great start to find some nice documents very quickly.
2021-04-151h 06
Premodcast(Plane)Shifts in the MarketplaceWe got a big one this time! The boys discuss the recent craze in Magic's financial sector and how it relates to Premodern. Then recent 2020 Premodern Community Award winner Andrew (check the bonus episode if you haven't!) goes over his signature deck Enchantress. And round it all out with our top 5 picks for Planeshift.
2021-02-012h 00
PremodcastBonus Episode! Martin Berlin awards and interviews AndrewEnjoy a special bonus episode listeners! Martin Berlin awarded the Premodcast's own Andrew Walker the 2020 Premodern Magic Community Award. Here is his interview with everyone's favorite Enchantress aficionado Mr. Andrew Walker.
2021-01-311h 08Yet Another Value PodcastZack Silver on Liberty Media Investor Day and CuriosityStream (CURI)Zack Silver, an analyst at B. Riley, recaps what happened at Liberty Media's Investor Day, including Liberty's bullishness for tech companies, Liberty's plan to launch a SPAC, and how Liberty has handled the pandemic overall. Then, we discuss his newest coverage, CuriosityStream (CURI), a new streaming service that recently went public through a SPAC.Chapters0:00 Intro and Background3:30 What separates the best buy-siders Zack interacts with7:00 Shentel (SHEN): the most interesting stock in Zack's universe9:20 WideOpenWest (WOW): the most undervalued name in his coverage11:30 Takeaways from Liberty Investor Day14:20 Liberty SPAC...
2020-11-241h 05
PremodcastAn Alluring LegacyThe boys open their gift, a three way crack-a-pack of Urza's Legacy. You can follow along with the video here on Andrew's stream https://www.twitch.tv/videos/784263867 Many many thanks to Gerard Siatkowski! They also discuss Aluren a very tricky and fun combo deck.
2020-10-271h 42
PremodcastThe Number of the BeastAnd we're back listeners! Jared and Andrew interview Michael Heup, host of the Spring Fling online tournament, and recent winner of the March online monthly. They discuss streaming, his beast rock deck that took down the tourney and many other premodern magic topics.
2020-05-161h 38
PremodcastMy Name is MUDThis episode we talk generally about premodern in the time of Coronavirus, then the bulk of the episode is Jared and Andrew's interview with the February monthly winner Antonio Fiscarelli, Muddy King of Mono-Brown
2020-03-241h 36
PremodcastScryings and FactoriesEpisode 2. Mike and Andrew discuss the recent Sisters of the Flame hosted Scryings tournament they attended at GP:NJ as well as Scryings and Premodern crossovers. Judge's corner topic - Man-lands.Magnus's Blog detailing Scryings:http://oldschool-mtg.blogspot.com/p/scryings.htmlPaul DeSilva's report on the tournament:https://medium.com/@paul.desilva/the-league-of-scrying-gentlemen-323952648e31
2020-02-041h 04
PremodcastOriginsPremiere episode of the premodcast. Your hosts Mike Harris, Andrew Walker, and Jared Doucette introduce themselves and discuss Magic: The Gathering's most nostalgic format...Premodern.
2020-01-221h 30
Publishing With AndraAndrew-The Successful Sinner This is one of Andra's Complete Publishing authors, Andrew Walker, the authors of, "The Successful Sinner", His book shares his test and testimony! His book is on Amazon and he can be reached at andrewhart101@verizon.net
2019-07-0929 min
CountermovesCountermoves with Mike HarderMike Harder is joining Countermoves as a Andrew’s co-host. Mike was a missionary kid in Bogota, Colombia. He returned to the states where he attended Northwestern College in St. Paul, Minn., and earned a BA in Church Ministry. He also holds a Master of Divinity degree from Mid-America Baptist Theological Seminary. He is currently pursuing a ...
2019-01-3100 minCountermovesMatthew Arbo on “Walking Through Infertility”On this episode of Countermoves, Andrew Walker talks with professor Matt Arbo about the topic of infertility. Matt Arbo serves as the Jewell and Joe L. Huitt Assistant Professor of Theological Studies and the Director of the Center for Faith and Public Life at Oklahoma Baptist University in Shawnee, Okla. He holds a Doctorate of Philosophy ...
2018-08-1600 minCountermovesContraception and Christian ethics 50 years after Humanae VitaeOn this episode of Countermoves, Andrew Walker talks with ethicist Evan Lenow about the use of contraception and its implications for Christian ethics 50 years after Humanae Vitae. Evan Lenow serves as Associate Professor of Ethics, Bobby L. and Janis Eklund Chair of Stewardship, Director of the Richard Land Center for Cultural Engagement, and Director ...
2018-07-1800 minCountermovesCatherine Parks and Palmer Williams on Christian WomanhoodOn this episode, host Andrew Walker interviews Catherine Parks and Palmer Williams on Christian womanhood and the local church in light of the cultural conversation around women’s empowerment and the #MeToo Movement. Catherine Parks is a writer and Bible teacher who loves to help women build friendships around Scripture and prayer. She's the author of ...
2018-06-2600 minCountermovesRyan T. Anderson on the transgender revolutionOn this episode, Andrew Walker interviews Heritage Foundation Scholar Ryan T. Anderson on his new book, When Harry Became Sally: Responding to the Transgender Moment. Twitter: @RyanTAnd Ryan’s Facebook Page Books by Ryan T. Anderson: What is Marriage? Man and Woman: A Defense Truth Overruled: The Future of Marriage and Religious Liberty Debating Religious Liberty and Discrimination When Harry ...
2018-02-2800 minCountermovesJonathan Leeman on Religious Liberty and Baptist EcclesiologyOn this episode, Andrew interviews Baptist political theologian and IX Marks Editorial Director Jonathan Leeman on the subject of the church’s political identity and how Baptist ecclesiology produces a unique contribution to religious liberty. Twitter: @JonathanDLeeman Books by Jonathan Leeman: Political Church: The Local Assembly as Embassy of Christ's Rule How the Nations Rage: Rethinking ...
2018-02-0900 minCountermovesSohrab Ahmari on the Future of Liberal Democracy and the Global WestOn the first full episode of Countermoves, Andrew interviews Commentary writer Sohrab Ahmari, formerly of the Wall Street Journal, on the future of liberal democracy and looks at particular threats facing the West. His work has covered issues of the crises facing liberal democracy, foreign policy, identity politics, family stability, the gender revolution, and the ...
2018-02-0800 minCountermovesIntroducing CountermovesOn this inaugural episode, Andrew T. Walker introduces the ERLC’s latest podcast Countermoves: A Christian Review of Ideas Shaping Church and Culture. Countermoves is taken from the title of a volume by Carl F. H. Henry, one of the most influential 20th century theologians—a man who devoted much of his work to analyzing contemporary culture ...
2018-02-0600 min