#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