Value investing with the math left in.
The Acquirers Podcast brings investors into long, numbers-forward conversations about where value still hides. Recent episodes move from Berkshire and global small caps to private credit, banks, activism, AI expectations, and the market’s recurring habit of overpaying for a story.
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The Acquirers Podcast is a value-investing show that treats markets as a set of claims to be tested, not a stream of opinions to be consumed. Its conversations are brisk, detailed, and usually guest-led. A thesis arrives early, then gets pushed through valuation, margin potential, capital intensity, balance-sheet risk, and the history of similar market setups. Recent episodes show that range clearly. Christopher Bloomstran discusses Berkshire Hathaway, expensive index constituents, small-cap valuation gaps, and the difficulty of separating genuinely cheap businesses from merely mediocre ones. Mark Cooper makes the case for global small-cap value while questioning high-growth U.S. names that have not earned their cost of capital. Eric Jorgenson’s episode shifts into entrepreneurship and The Book of Elon, using Elon Musk, Tesla, SpaceX, and Twitter/X as material for thinking about practical judgment and public mythmaking. Tim Travis explains private credit through the mechanics of public business development companies, first-lien loans, permanent capital, and the panic that can form around a broad label. Alexander Roepers frames constructive activism as concentrated research on businesses outside areas like high tech, biotech, banks, and other opaque or obsolescence-prone categories. Derek Pilecki brings the lens down to banks, non-banks, insurance, regional lenders, Silicon Valley Bank, Blue Owl, and the earnings power that can appear when fear depresses a sector. Jonathan Tepper’s conversation blends portfolio discipline with a memoir thread, moving from dominant companies and free cash flow to Spain, college, addiction around him, and the AIDS crisis. Barry Ritholtz adds a media and wealth-management angle, reflecting on blogging, interviewing, and learning to let guests answer. The show’s best use is not passive market timing. It is an audit of how serious investors form and defend a view. It can be dense. It rewards listeners who enjoy estimates, counterarguments, and uncomfortable caveats.
Made for: Best for investors, analysts, and finance-curious listeners who are comfortable with valuation language and want long-form reasoning. It especially suits people who prefer stock-specific debate over broad market slogans.
What sets it apart: The show lets guests build full investment cases while the hosts keep returning to price, risk, and what could invalidate the thesis. It feels like a working investment conversation rather than a polished personal-finance program.
This is a podcast about finding undervalued stocks, deep value investing, hedge funds, shareholder activism, buyouts, and special situations.We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.
Based on 6 episodes we listened to · September 2026
Practitioner interviews turn valuation, portfolio risk and market history into rigorous conversations about how investment judgments survive contact with changing conditions.
Tobias Carlisle and Jake Taylor approach investing as a live argument among practitioners, using guest conversations to test valuations, portfolio construction and risk against real market conditions.
A cheap bank can still blow itself up; Tobias Carlisle and Jake Taylor make you ask why.
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Short reviews from the PlayNext desk, based on the episodes we processed.
A measured valuation discussion about expensive indexes, cheaper pockets, and the search below the market's biggest names.
Christopher Bloomstrand's visit to Value After Hours is built around a familiar but useful tension: the market can look expensive at the index level while still holding very different prices underneath.
A global small-cap value case meets a skeptical examination of AI's promised scale.
The Acquirers Podcast presents Mark Cooper's global small-cap value strategy as a grounded check on whether AI excitement can outrun the numbers behind it.
A valuation case for small cap banks runs into hard lessons on duration, funding, and private credit skepticism.
Cheap small cap banks anchor the episode, with Derek Pilecki of Gator Capital making the case that banks trading around eight or nine times earnings still sit below a more typical 10 to 14 times range.
A fund manager links market power and cash flow with the perspective gained from revisiting his past.
Jonathan Tepper gives the episode a clear investment spine, setting out Prevett Capital's long-only approach and its absolute-return mindset. His case turns on quality businesses trading below intrinsic value, with particular attention to dominant companies, strong market share,…
A clear-eyed discussion of correlation, crash positioning, and why quality can still be expensive.
Volatility is framed here as a portfolio question, not just a passing market mood. Jason C. Buck of the Mutiny Fund walks through the stock-bond relationship, the ways the last 40 years may differ from longer cycles, and whether the post-COVID period was truly inflationary or…
Tim Travis connects stretched valuations and higher yields to a grounded case for balance in portfolio construction.
Tim Travis brings a wary, practical eye to a market where valuations are sitting near their highest levels since 2000. Fed cuts have not stopped bond yields from moving higher, and inflation worries, along with punishing mortgage rates, keep the housing question sharp for…
Demetri Kofinas interviews specialists on geopolitics, energy markets, AI, and finance at length.
BBC's daily business show, from toy-industry founders to Anthropic's Pentagon standoff.
Jason Buck argues that MicroStrategy's convertible debt, liquid options market, and convert-arb demand can create a feedback loop that looks like an "infinite money glitch." Tobias Carlisle and Jake Taylor use the rest of The Acquirers Podcast to unpack Buck's Mutiny Fund approach, which he calls the "Cockroach Fund" and frames as "offense plus defense." Buck contrasts long volatility, tail risk, and commodity trend following with stock-and-bond portfolios, pointing to March 2020, 2022, and August 5 as the regimes that matter.
Portfolio manager Tim Travis joins The Acquirers Podcast to discuss current investment landscapes, including high valuations and rising bond yields.
Bill Lenehan, CEO of Four Corners Property Trust, discusses his role and the company's portfolio of leased buildings including Olive Garden and other restaurants.
Gwen Hofmeyr discusses her experience at Tiny, value investing, and luxury fashion, conference swag, and supermarket land value.
Juan Torres Rodriguez discusses deep value investing in emerging markets like China, India, and Korea.
Ethan A.
The serious part starts with valuation.
Mark Cooper of Mac Alpha Capital Management tells Tobias Carlyle and Jake Taylor that the firm runs long-only and long-short strategies centered on global small caps, with a long book tilted to international small cap value and shorts aimed at expensive U.S.
Eric Jorgenson discusses his new book 'The Book of Elon', a compilation of Elon Musk's wisdom, and the success of his previous book on Naval Ravikant.
Tim Travis discusses private credit misconceptions, BDCs like OBDC and MSDL, and energy stocks DVN, OXY, EPD, plus AGO.
Alexander Roepers discusses his strategy of concentrated value investing in high conviction public equities, avoiding high-tech and biotech due to obsolescence risk.
Derek Pilecki says small-cap banks are still trading around 8 or 9 times earnings versus a normal 10 to 14 times range, and Tobias Carlisle frames that gap against the post-SVB and First Republic hangover.
The Acquirers Podcast's Value After Hours interview with Jonathan Tepper puts Prevett Capital, The Myth of Capitalism, and Shooting Up in the same conversation.
Barry Ritholtz discusses his career in investing and podcasting on Value After Hours.