Lucas Tomicki: Systematically Hunting For Compounders - a podcast by Brandon Beylo

from 2022-03-04T12:00

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Hey guys! This week we have Lukasz Tomicki, the portfolio manager at LRT Capital. LRT is a long-short fundamental based investment fund. 


In this conversation we took a deep dive to a lot of different areas such as the current conflict between the Ukraine and Russia, his technology background, how he founded a company after graduating high school, story stocks such as Uber and We Work, and Carvana, how he constructs his portfolio, and last but not least he shared his bull theses in Watsco, Inc. (WSO), Tractor Supply (TSCO) and Hexcel Corporation (HXL).



  • [0:00] Who is Lukasz Tomicki?

  • [2:40] Russia, Ukraine and the USA.

  • [9:00] Founding a Company

  • [14:00] Lukasz’s Investing Journey

  • [22:00] Story Stocks: Uber, We Work

  • [28:00] Founding LRT Capital

  • [30:00] Investing Criteria & Fake Moats

  • [39:00] Portfolio Construction

  • [49:00] The Endowment Bias

  • [51:00] Watsco, Inc. (WSO)

  • [1:02:00] Tractor Supply (TSCO)

  • [1:08:00] Hexcel Corporation (HXL)

  • [1:17:00] Ideas for the future

  • [1:19:00] More from Lukasz Tomicki & Closing Questions


If you like what you heard, follow Lukasz on Twitter @Tomicki and check out his website here. Also, a big thanks to the following sponsors for making the podcast a reality. 


Mitimco


This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.


For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more!


Quartr


Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from 12+ countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se


If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android.


Tegus


Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best.


I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself.


TIKR


TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at TIKR.com/hive. 



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