Author Topic: Sohn 2018 - Discussion  (Read 1533 times)

Graham Osborn

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Sohn 2018 - Discussion
« on: April 23, 2018, 07:19:40 AM »
A big couple weeks coming up with Sohn, Fairfax, and Berkshire meetings!

Thought I'd start a thread for discussion of Sohn ideas and presenters this year.  Some of the perennials have been further ravaged over the past year.  Cash is the ultimate hedge - but it's hard to justify 2/20 on a "cash" fund lol.
« Last Edit: April 23, 2018, 07:25:18 AM by Graham Osborn »


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Re: Sohn 2018 - Discussion
« Reply #1 on: April 24, 2018, 04:25:32 PM »
I was there.  Wrote a bit about my experience

My quick observations.  Was surprised how tech/growth focused it was.  Lots of comps to highly valued peers.  The companies may deserve those multiples, I have no strong view, just found it surprising how that was a recurring theme.  I will say that all ideas were thought provoking and I was impressed by the quality of the presentations (everyone appeared to be a natural at it).

Ideas this board may care about, DHI - apparently becoming a NVR-type builder.

Only two ideas that I found really compelling, Short EROS (Mangrove CEO made a compelling case).  Short Rallye debt (Diameter presentation), this idea appeared to be a no-brainer, little NAV coverage of holdco european high yield debt, from overlevered grocery company exposed to a more competitive environment.  Not something everyone can do, but compelling anyways.