#063 Jonathan Boyar On Finding Value During Uncertain Times

Jonathan Boyar, President of Boyar Research and host of The World According To Boyar podcast, joins Julia La Roche on episode 63 to share how he’s finding value during uncertain times. 

During this episode, Boyar shares some of the opportunities he’s finding on an individual company level when looking under the hood of the markets. 

0:00 Intro 

0:51 Looking for intrinsically undervalued stocks

2:06 Evolution of value investing 

3:35 Dislike of the term “value investing” 

4:25 Lesson of patience

6:28 Big picture is important but it’s not critical to our investment 

6:58 Make decisions on each individual company 

7:24 What investors should be focused on 

8:00 Does the macro matter? 

9:04 Steve Einhorn, Leon Cooperman

9:55 Banking crisis and opportunity in the big money center banks

11:04 You’re never going to catch the bottom, but there are attractive entry points

12:01 Catalysts for upside in banking 

12:25 Markets are being driven by fear and emotion 

13:11 Nibbling on stocks 

14:00 Psychology to stick through tougher times 

15:00 Be humble know when you’re wrong 

15:50 Market outlook is cloudy 

16:44 Opportunities in microcap stocks 

17:09 Return to stock-picking? 

17:47 Top Golf, MSG Sports, Big Banks 

18:20 Importance of reading

19:01 Top Golf is a “growth stock at a value price” 

21:40 Big banks for those who are “brave” 

22:23 MSG Sports “special situations” thesis 

28:25 The “Forgotten 40” and favorite ideas

31:41 What would provide more clarity 

32:00 Long-term view 

33:20 Regional banks