Från pokerbordet till fondförvaltning
Summary
I this episode of Placera-podden, host Karolina Markeus interviews Joel Forsberg, a former professional poker player who has launched the value-focused fund Amos Value. They discuss how poker principles like rational decision-making and emotional stability apply to stock investing, and why many poker players transition to the market. Forsberg explains his disciplined strategy of buying companies trading at least 20% below their intrinsic value, highlighting holdings like Spiltan Invest and Academedia. The conversation also covers the fund's Swedish focus, its fee structure, and the challeng…
Topics discussed
Introduction to the episode and guest
Similarities between poker and fund management
Transition from managing personal funds to a public fund
Joel's background at TIN Fonder and personal investments
Why Amos Value was started and its unique strategy
The discipline of selling at fair value
Building the portfolio and sector diversification
Explaining the concept of margin of safety
Why the fund avoids meeting company management
When discipline might underperform in a bull market
Current portfolio composition and geographic focus
Rules for individual position sizing
Case study: Spiltan Invest and the substance discount
Case study: Academedia and political risk
Case study: InVido and recent stake increase
Case study: Revolution Race and its acquisition
Interest in real estate and interest rate risks
Fund size targets and fee structure
Why investors should choose Amos Value
Closing remarks and credits
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