The Value Architect

In this episode of Behind the Balance Sheet with Stephen Clapham, BAM President and CIO Chris Pavese talks about how investing straddles left and right brain thinking, about whether the advantage of being located outside the bustling environment of a New York or London will continue to confer the same benefit in the days of Zoom, and about the benefits and joy of reading widely. Chris shares BAM’s investment philosophy, why BAM typically has fewer than twenty stocks in its portfolio, and why the only research they buy is from a short seller even though they don’t short stocks.

Chris also shares his views on fashionable tech stocks (spoiler – they are still cyclical businesses), and what lessons he learned from selling Microsoft and Apple too soon. Listen to the full podcast here or click the image below.