Value Hive Podcast

PLEASE NOTE THAT NOTHING IS INVESTMENT ADVICE. DO YOUR OWN WORK. NOTHING IS ADVICE ON THIS PODCAST. THIS IS FOR EDUCATION AND ENTERTAINMENT PURPOSES ONLY

I had a great time chatting with Jeremy Raper of Raper Capital. I always learn something new from him, and this episode doesn't disappoint.

This week, we chat:

And more!

I know you'll love this episode. Big thanks to Jeremy for joining and taking an hour of his...

I hope you guys enjoy my conversation with Will McLane and Max Howard. Will and Max attend Georgetown University and run a hedge fund.

They publish their thinking and ideas online, for the world to see, and engage in thoughtful discourse/pushback on their theses.

They are doing it the right way. This is the blueprint I would give every new aspiring investor.

We discuss Starbucks (SBUX), Dutch Bros (BROS), and how Will and Max invest in the age of AI and leverage those tools to help make better investment decisions.

...

I'm excited to have Lonis Hamaili on the podcast this week to discuss the launch of his new fund, Cambrian Capital.

Cambrian's bet is that we're closer to AGI than people think, and the AI bull market isn't ending, but just getting started.

We spend nearly an hour discussing Lonis's investment philosophy, his journey to starting the fund, what types of companies he wants to invest in, and where he's finding the most value.

Please remember nothing is investment advice. Do your own work and always consult an investment professional. This is educational...

The last time I had CEO of Magna Mining Jason Jessup on the podcast his goal was to create the next FNX Mining. That would be a great outcome for everyone as FNX went from $0.25 to $35 at its peak.

But here we are a year later, and Jason is thinking bigger. FNX is no longer the goal. Think closer to Teck Resources ... or even bigger.

Jason explains his plans for NICU over the next 2-3 years, his goals for the company, and how they can grow into a multi-billion dollar Sudbury mining company.

...

I hope you guys enjoy this Q2 Investor Audibles series.

As always, none of this is investment advice. You are an idiot if you think otherwise. Everything is for entertainment and educational purposes only. Investment carries substantial risk and you should always consult a professional before making any investment decisions.

This was one of my favorite conversations so far this year.

Astrid is the founder of Inheritance HQ. According to its website, the company “transforms observation into training data that robots and world models can learn from at scale, enabling capability to compound instead of restart with every newembodiment.”

Don’t worry if you didn’t understand a word from that sentence. I didn’t either. Which is why I wanted to interview Astrid.We’re deeply curious (and bullish) about Physical AI and the Robotics thematic at MO over the next 18-24 months. However, I only had “...

We are back with another interview with Gavin McCracken. This time, we spend most of the podcast chatting robotics, AI, and why those two themes could kickstart the next commodities supercycle.

I really enjoyed Gavin's take on AI and robotics, mainly because it aligns with my initial hypotheses. But it's always good to bounce ideas off a AI PhD.

Remember, NOTHING YOU HEAR IS INVESTMENT ADVICE. THIS IS TWO DUDES CHATTING MARKETS FOR ENTERTAINMENT ONLY. YOU ARE AN IDIOT IF YOU THINK THIS IS ADVICE.

I hope you guys enjoy!

Q2 2026 Investor Audibles is live.

Remember, none of this is investment advice. I just wish there were audible versions of investor letters, so I decided to make them.

I hope you enjoy!

This was easily my favorite podcast of the year. Granted, we're only in April. So it's exciting, but a high bar for future guests.

Gavin is a one-of-one thinker and investor. He generated a 2,000x return in his account from buying basically two stocks: Valeura Energy (VLE) and Andean Precious Metals (APM).

You will love his story on how he found, bought, and held along the way to 2,000x performance.

We also talked about process, due diligence, finding an edge, investing psychology, and AI (you'll be surprised on his AI take).

...

PLEASE NOTE THAT NOTHING IS INVESTMENT ADVICE. DO YOUR OWN WORK. NOTHING IS ADVICE ON THIS PODCAST. THIS IS FOR EDUCATION AND ENTERTAINMENT PURPOSES ONLY

I had a great time chatting with Jeremy Raper of Raper Capital. I always learn something new from him, and this episode doesn't disappoint.

This week, we chat:

And more!

I know you'll love this episode. Big thanks to Jeremy for joining and taking an hour of his...

I hope you enjoy this podcast with Evan Vanderveer, founder of Vanshap Capital. Vanshap invests in founder-led businesses that focus on Customer Fanaticism.

We discuss three of Evan's core holdings:

1. Kaspi (KSPI)

2. Nu Holdings (NU)

3. Mercado Libre (MELI)

PLEASE NOTE THAT NOTHING IS INVESTMENT ADVICE. DO YOUR OWN WORK. NOTHING IS ADVICE ON THIS PODCAST. THIS IS FOR EDUCATION AND ENTERTAINMENT PURPOSES ONLY

I hope you guys enjoy my podcast with @Seedy19 (from X). Seedy is a full-time biotech investor. He generated a 35x on his entire portfolio last year.

Not just one stock, his entire portfolio.

The crazy part? He did it buying mostly common stocks.

Biotech stocks, of course. But common stocks nonetheless!

We spend an hour diving into Seedy's process, how he identifies new ideas, researches positions, weighs probabilities, and separates the real companies from the shams.

I loved recording this episode.

PLEASE NOTE NONE OF THIS...

I've got Judd Arnold back on the podcast for another great episode of distressed investing. Judd is one of the best investors I know at finding distressed situations at inflection points.

We spent almost two hours discussing energy, COVID normalization, pool companies, and investment process.

I hope you enjoy this conversation as much as I did.

PLEASE NOTE THAT NOTHING IS INVESTMENT ADVICE. DO YOUR OWN WORK. NOTHING IS ADVICE ON THIS PODCAST.

This is my fifth interview with Peter Mantas. I learn something new each time I talk to Peter.

This week, we discuss Peter's views on where the Left Tail lies in biotech, why bubbles are great for biotech's long-term success, and how to spot the real AI winners from vaporware in the biotech space.

I loved recording this episode and learned a ton, I know you will too.

PLEASE NOTE THAT NOTHING IS INVESTMENT ADVICE. DO YOUR OWN WORK. NOTHING IS ADVICE ON THIS PODCAST.

I hope you guys enjoy my Investor Audibles series with these three Q1 2026 letters:

PLEASE NOTE THAT NOTHING IS INVESTMENT ADVICE. DO YOUR OWN WORK. NOTHING IS ADVICE ON THIS PODCAST.

Please enjoy my conversation with Rebecca Hunter, VP of Exploration at Forum Energy Metals $FMC.V.

Rebecca has spent her life exploring the world for commodities, specifically uranium.

This week, we get a boots-on-the-ground view of what it's like to explore for uranium. We discuss everything that goes into it, including geophysics, drilling, capital allocation, where to drill, and what red flags Rebecca sees in other junior explorer companies.

Finally, we end the conversation discussing the uranium market, it's supply/demand imbalance, and what higher prices mean for the future of yellow cake.<...

Josh Crumb talks all things commodities, green energy transition, mining labor shortage, and building Abaxx Futures Exchange.

I hope you enjoy.

NOTHING YOU HEAR IS INVESTMENT ADVICE. IT IS FOR ENTERTAINMENT PURPOSES ONLY. YOU ARE A FOOL IF YOU TAKE ANY OF THIS AS ADVICE.

I hope you guys enjoy my Investor Audibles series with these three Q1 2026 letters:

PLEASE NOTE THAT NOTHING IS INVESTMENT ADVICE. DO YOUR OWN WORK. NOTHING IS ADVICE ON THIS PODCAST.

In this episode, Oliver Friesen—CEO of Guardian Metal Resources—joins for a deep dive into tungsten’s resurgence and why this little-known metal is at the center of U.S. national security, supply chains, and industrial resilience.

We unpack tungsten’s unique properties—highest melting point of any metal, extreme density, and hardness—and why it’s indispensable in defense applications from armor‑piercing munitions to high‑temperature aerospace systems. Oliver discusses Guardian’s Nevada‑focused strategy, including its flagship Pilot Mountain project, believed to be the largest undeveloped tungsten deposit on American soil, and how the company is positio...

Brian Leeners is the CEO/founder of Homerun Resources (HMR.V), a Brazilian-based silica company dedicated to bringing high-quality silica to market to help advance the solar, renewables, and AI growth initiatives.

We spent the podcast discussing the solar value chain, silica's role within that chain, what makes silica different, the supply/demand dynamics of the market, and what separates Homerun Resources' asset from its peers.

I learned a ton about silica and found a new interesting idea in the process.

I hope you enjoy!

PLEASE NOTE THAT NOTHING IS INVESTMENT...

I hope you guys enjoy my Investor Audibles series with these three Q1 2026 letters:

Ideas discussed include: VAL, RIG, PTON, OXY, MELI

PLEASE NOTE THAT NOTHING IS INVESTMENT ADVICE. DO YOUR OWN WORK. NOTHING IS ADVICE ON THIS PODCAST.

The last time I had CEO of Magna Mining Jason Jessup on the podcast his goal was to create the next FNX Mining. That would be a great outcome for everyone as FNX went from $0.25 to $35 at its peak.

But here we are a year later, and Jason is thinking bigger. FNX is no longer the goal. Think closer to Teck Resources ... or even bigger.

Jason explains his plans for NICU over the next 2-3 years, his goals for the company, and how they can grow into a multi-billion dollar Sudbury mining company.

...

This was easily my favorite podcast of the year. Granted, we're only in April. So it's exciting, but a high bar for future guests.

Gavin is a one-of-one thinker and investor. He generated a 2,000x return in his account from buying basically two stocks: Valeura Energy (VLE) and Andean Precious Metals (APM).

You will love his story on how he found, bought, and held along the way to 2,000x performance.

We also talked about process, due diligence, finding an edge, investing psychology, and AI (you'll be surprised on his AI take).

...

Stoked to have Will back on the podcast to discuss:

Really liked this chat.

NOTHING YOU HEAR IS INVESTMENT ADVICE. PURELY ENTERTAINMENT PURPOSES. YOU ARE A FOOL IF YOU THINK ANY OF THIS IS ADVICE. DO YOUR OWN WORK.

Kuppy is back on The Value Hive. It's been too long since Kuppy has joined the podcast.

This week, we chat Brazil, commodities, mean reversion, bombed-out industries/sectors, and investor strategy.

We spent a lot of time on investing strategy, intra-year adjustments, and how to deal with disappointing yourself versus the opportunity set.

I loved this conversation. Lots to learn and implement into your practice.

NOTHING YOU HEAR IS INVESTMENT ADVICE. THIS IS EDUCATION/ENTERTAINMENT ONLY.

Calvin Froedge on the podcast. Not much more needs to be said here.

We chatted:

> Iran> Shipping> Commodities> Nickels> Chemicals> Food> War> Inflation> Books

And more.

This podcast is for those that love commodities, politics, free-thinkers, and no bullshit discourse.

By the way, if you loved this episode, consider joining our Macro Ops Collective. We have the sharpest group of traders on the internet, constantly sharing ideas, sharpening our minds, and becoming better traders every day.

If you're interested in learning about our Trifecta Lens approach to...

Welcome to another episode of Q4 Investor Audibles where I read three letters from value investors. This week, I read:

I hope you guys enjoy!

Stoked to have PurpleDrinkCapital on the podcast for his third appearance (Value Hive record??).

We chatted robotics, NVDA, market blow-off tops, trading psychology, technical analysis, and energy. I love having PurpleDrink on because I learn something new about trading, investing, and my process along the way.

Finally, a big thanks to our sponsors for making this episode happen.

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...

Hey guys -- I'm stoked to bring you my conversation with Tomasz Nadrowski, PM of Amvest Terraden Capital.

Tomasz is one of the sharpest investors in the metals space, focusing on the "Major Minor" critical minerals like gallium, germanium, tellurium, and other critical materials needed to defend countries, arm armies, and build tomorrow's reality.

We spent over an hour diving into this complex and crazy world. I hope you enjoy it.

As always, nothing is investment advice. You're a fool if you think this is advice. It's mining ... you will likely lose all...

I hope you guys enjoy my Investor Audibles series with these three Q4 2025 letters:

PLEASE NOTE THAT NOTHING IS INVESTMENT ADVICE. DO YOUR OWN WORK. NOTHING IS ADVICE ON THIS PODCAST.

This was one of my favorite episodes of the year.

I love interviewing anonymous Twitter personalities, and GorillaGrip delivered.

Gorilla is a full-time commodities investor who's spent his life traveling the world, kicking rocks, meeting management teams, and making tons of money, along with a few mistakes here and there.

This conversation goes deep into geopolitics, commodity cycle identification, how Gorilla analyzes materials companies, and more.

You will love this episode if you like metals, materials, or commodities.

DISCLOSURE: Nothing you hear on this podcast is investment advice. Please...

The last time I had CEO of Magna Mining Jason Jessup on the podcast his goal was to create the next FNX Mining. That would be a great outcome for everyone as FNX went from $0.25 to $35 at its peak.

But here we are a year later, and Jason is thinking bigger. FNX is no longer the goal. Think closer to Teck Resources ... or even bigger.

Jason explains his plans for NICU over the next 2-3 years, his goals for the company, and how they can grow into a multi-billion dollar Sudbury mining company.

...

I hope you guys enjoy my Investor Audibles series with these three Q4 2025 letters:

Ideas discussed include: NN, THRY, LFCR, PAR, WOSG.LN, LOGC, VICR, LITE

PLEASE NOTE THAT NOTHING IS INVESTMENT ADVICE. DO YOUR OWN WORK. NOTHING IS ADVICE ON THIS PODCAST.

Jason Jessup is the CEO/founder of Magna Mining $NICU. NICU is a junior copper, nickel, PGMs, and PM developer and producer in Sudbury, Canada.

I'll keep it simple. I think Jason is building the next multi-billion dollar mining company.

He's got everything in place ... the team, the assets, the opportunity. And I think he's the man for the job.

Give this podcast a listen and let me know what you think.

DISCLOSURE: NICU IS MY LARGEST PERSONAL HOLDING BY FAR. I AM BIASED. PLEASE DO YOUR OWN DUE DILIGENCE. THIS...

NOTHING YOU HEAR IS INVESTMENT ADVICE. THIS IS EDUCATION/ENTERTAINMENT ONLY.

I hope you guys enjoy my podcast with Timothy Call of Capital Management Corp. Tim spends his time finding and investing in unloved small-caps that lead their little market niches.

These companies are often down a lot over the past year, trade at low valuation multiples, and pay shareholders via dividends/buybacks/and debt reduction.

I love this podcast because Tim uses three trade ideas that are all different. One's a consumer health company, another is a school supplies manufacturer, and another...

Chris Abbott of 1035 Capital Management joins the podcast this week to pitch more interesting stock ideas.

We discuss:

I love chatting with Chris because I always find new investments ideas and learn something different. Chris has a unique way of looking for and at investment situations, and I know you will enjoy this conversation.

I hope you guys enjoy this Q3 2025 Investor Audible Series with:

Lots of ideas to dig into after listening to this episode.

Enjoy!

I hope you guys enjoy my podcast with Matthew Pierson, founder of Merit Oak Capital.

Merit Oak is a long-biased hedge fund focused on long-term capital appreciation through concentrated, multi-year investments in outstanding public companies that are determined to be undervalued based on extensive fundamental research.”

Matt is an American hero, one of the toughest dudes I've ever met, and a solid emerging manager.

Enjoy!

Kuppy is back on The Value Hive. It's been too long since Kuppy has joined the podcast.

This week, we chat Brazil, commodities, mean reversion, bombed-out industries/sectors, and investor strategy.

We spent a lot of time on investing strategy, intra-year adjustments, and how to deal with disappointing yourself versus the opportunity set.

I loved this conversation. Lots to learn and implement into your practice.

NOTHING YOU HEAR IS INVESTMENT ADVICE. THIS IS EDUCATION/ENTERTAINMENT ONLY.

I hope you guys enjoy this Q3 2025 Investor Audible Series with:

My daughter was napping in the room next door so apologies if I sound "hushed." Nap time is precious around here!

Enjoy!