Hello all, I recorded the interview above with Rachel Pether from SALT (the alternative investment conference/forum founded by Anthony Scaramucci).
MICAHEL FRAZIS | 4/6/2021
Portfolio Manager, Managing Partner
This Weeks Guest.
Robert Stretch, MD
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Peter Stevens joins us to talk about the market sell-off, how we’re positioned, and interesting opportunities that we’ve found.
If you’d like to know more about us see:
Peter writes his own market commentary here:
0:24 – Peter wipes away his tears
0:50 – There’s growth and then there’s growth (e.g. Afterpay vs Zip)
1:30 – Why you should pay up for quality businesses
2:17 – Illiquidity during sell-offs
2:50 – Electro Optic Systems (ASX:EOS), a great business that does not fit ESG criteria
3:35 – Analysing quality within the WAAAX (the Australian equivalent of the FAANG)
4:54 – Frazis Capital’s avoidance of education and tourism stocks
5:50 – Peter and Michael look at Qantas (ASX:QAN), Australia’s major airline
7:40 – Theoretically maintaining a 20% cash position
8:00 – Michael discusses Ray Dalio’s “Principles”
9:25 – Carvana (NYSE:CVNA), Frazis Capital’s largest coronavirus casualty
10:22 – Afterpay’s (ASX:APT) accelerating growth and Frazis Capital’s internal forecasts
11:40 – Afterpay’s US in-store opportunity
12:30 – The benefits of an equities/treasuries strategy over popular options strategies
13:43 – Global stimulus packages and expansionary monetary policy
14:13 – Renewable energy businesses and how they may benefit from stimulus packages
14:45 – Twist Bioscience (NASDAQ:TWST), a well-performing Frazis Capital position
15:30 – Viruses tend to become less dangerous with time because of evolutionary pressures
16:55 – Gilead’s (NASDAQ:GILD) antiviral drug and the coronavirus
17:25 – Some Aussie smallcaps touting business expansion into virus-induced growth industries (e.g. hand sanitizers, diagnostics)
18:30 – The panic in supermarkets parallels the panic on markets
19:08 – “Buy when there is blood in the streets” (Baron Rothschild) and its relevance to this sell-off
19:25 – The origins of Rothschild’s famous blood in the streets quote
20:45 – Frazis Capital portfolio construction during the coronavirus sell-off
21:55 – Zoom’s (NASDAQ:ZM) coronavirus rally and its rich valuation
23:00 – Peloton (NASDAQ:PTON) and Carnival (NYSE:CCL), two stock picks from NYU Professor, Scott Galloway
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