Valuing Tech Stocks w/ Adam Seessel (TIP465)

My guest today is Adam Seessel. Adam is the founder and managing member of Gravity Capital Management and also the author of a great new book titled Where the Money Is - Value Investing in the Digital Age. The traditional value investing strategies are rendered ineffective when it comes to tech companies like Amazon, Apple, Google and the like. Adam has devised a way to standardize tech companies so that value principles can be applied to these high growth companies and potentially give a new perspective on their value.
 
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:23 - Why Billionaire Bill Ackman says Adam’s new book is one of the best investing book he’s read in years.”
00:10:11 - Adam’s Business, Management and Price (or BMP) checklist
00:15:36 - Why value investors should reconsider investing in high growth tech companies
00:34:15 - Why Generally Accepted Accounting Principles (or GAAP) do an injustice for tech companies
00:40:18 - The concept of “Earnings Power” and how it changes the Net Present Value
00:48:16 - How to assess great management
00:56:22 - How tech companies use new ROC metrics like CAC and LTV

Adam’s new book is very approachable and he does a masterful job at distilling down complex topics into very easy to understand examples. I thoroughly enjoyed our discussion and know you will as well, so without further ado, here’s my conversation with Adam Seessel.

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📖 BOOKS MENTIONED
Where the Money Is by Adam Seessel: https://amzn.to/3o9Vd0y

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😁


💡 OTHER RESOURCES
Connect with Adam:   / adam-seessel-89872911  
Connect with Trey:   / treylockerbie  

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