PERSON DIRECTORY
Andrew Walker
Host of Yet Another Value Podcast. Andrew Walker appears in 145 indexed conversations across Yet Another Value Podcast. This directory brings every appearance, source, TL;DR, digest, and transcript into one searchable feed.
Randy Baron's "Spicy" Victoria PLC Pitch
Victoria PLC is a levered special situation whose 95% share-price collapse and distressed capital structure created mispricing.The £145 million 2028 notes and Koch’s PIK preferred drive sequencing risk, while each 5% volume recovery could add about £25 million of EBITDA.Asset sales and savings may support survival; another 20% demand decline would imply a “nuclear event.”
The Fairfax Way with David Thomas $FFH.TO
Fairfax delivered a 19.2% cumulative annual return from 1985 through 2024 as insurance, investments, and non-insurance operations evolved into three concurrent earnings engines after costly lessons in under-reserving and hedging.Buybacks have retired more than 20% of shares but recently slowed; succession and the 15% long-term book-value-growth objective now test whether this second wind can outlast Fairfax’s “seven lean years, seven fat years” rhythm.
Old West's Brian Laks dives into metals, mining, and uranium
Uranium has shifted from indiscriminate asymmetry to selective underwriting, with spot near $70 per pound and inflation potentially lifting break-evens to $60-$70 or higher.Reactor extensions, new builds, SMRs and AI data centers strengthen demand, but permitting delays may leave 2030s utility requirements uncovered.Old West is reallocating across uranium, copper and gold while monitoring scarcity pricing and policy premiums.
March 2025 Fintwit Book Club: Diary of a Very Bad Year with Byne Hobart from The Diff
Expertise offered a probabilistic edge, not immunity from error, as the manager’s March 2008 calls show.Systemic crisis emerged when uncertainty over AAA collateral seized financial plumbing, while cheap funding scaled tiny credit-pricing errors into concentrated books.Hobart says AI economics do not support capex, though shorter asset duration may limit losses; peak spending could be depreciated by 2030 or 2031.