E41: Investing in Coherus Biosciences $CHRS; plus Waymo Woes and a Disney Debacle
Manage episode 435180698 series 3589623
Krzysztof explains why he’s now heavily invested in a tiny $140 million dollar biotech company, Coherus Biosciences $CHRS. There are two ways to make money in the market, and both have to do with a gap in perceived value. Coherus had very encouraging second quarter results, but an analyst downgrade sent the stock tumbling regardless. Are the downgrade reasons based on how the wall street game is played, or something more fundamental to the company broken?
Also in this week's episode, Luke is unhappy with the state of the UK as a place for his investing dollars. Does his pro-USA investment thesis support American exceptionalism? Or does technology know no political boundaries and you have to go where the intellectual capital lives? One notable exception: UK listed fintech, Wise $WIZEY $WISE. Self-driving cars are the next revolutionary frontier, and Tesla $TSLA is not the only game in town. But the other player, Google’s $GOOG Waymo, is experiencing significant growing pains that are literally keeping people up at night. Badger challenges Monkey to ride in a driverless Waymo car in Austin without getting killed, to the tune of a 1:10,000 payout. Disney’s $DIS corporate cruelty? A tragic case of when corporations lose their humanity - it's sad to see the House of Mouse behave so heartlessly in the face of real tragedy. Krzysztof bemoans the widening cap in the King of the Jungle portfolio challenge and begs Badger for mercy for a few extra days, but leniancy comes at a price! It's not over yet though, and the Japanese Carry Trade might still have further market mayhem to come, so those on Team Monkey ought not despair… yet.
Segments: [00:00:00] Introduction [00:00:51] Why Tech Investors Should Stick to US Markets [00:09:06] Waymo Night Terrors [00:18:11] Outrageous Behaviour from Disney's Legal Counsel [00:23:18] Investing in Coherus Biosciences [00:58:33] Krzysztof Almost Concedes the King of Jungle Portfolio Challenge
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