Investor Details Carvana's Wild Ride From -99% To Market Leader | Cliff Sosin Interview

Описание: Cliff Sosin shares his investment philosophy and recounts his wild journey with Carvana stock. He explains his approach to finding businesses with sustainable advantages, his framework for evaluating company economics, and the psychological toll of watching his largest position drop 99% before recovering. Cliff provides a masterclass in conviction investing while detailing both the operational challenges Carvana faced and the external market factors that created a perfect storm.

TIMESTAMPS:
0:32 Early Career & Discovering Investing
1:49 Starting the Firm
7:23 Defining a Good Business
12:31 Contained vs. Uncontained Businesses
15:30 Mental Models & Market Insights
30:13 The Role of ESG in Investing
34:26 The Carvana Investment Story
41:01 The Complexity of Car Transactions
46:43 Economies of Scale and Trust
49:40 Management Insights
59:07 Operational Issues & Market Challenges
1:19:17 The Role of Word of Mouth in Carvana's Growth
1:20:28 Identifying Early Adopters
1:27:19 The Apollo Deal and Debt Restructuring
1:28:23 Personal Reflections on Investment Decisions
1:34:21 The Psychological Toll of Investment
1:45:16 Future Investment Strategies and AI
1:54:51 The Kindest Thing Anyone Has Ever Done For Cliff

Presented by Ramp:
https://ramp.com/business-cards?utm_s...

Sponsored by AlphaSense and Ridgeline:
https://www.alpha-sense.com/invest/
https://www.ridgelineapps.com/

#Investing #Carvana #StockMarket #Investing #Portfolio #BusinessModels #Stocks #InvestmentStrategy #RiskManagement #cars

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Patrick O'Shaughnessy is the CEO of Positive Sum. All opinions expressed by Patrick and podcast guests are solely their own and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Positive Sum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc