All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live
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What is the Best Ideas format and its purpose?
Maybe you could tell us a little bit about how you selected our presenters and your vision for this. I mean, for any of you guys who've been involved in Ira Sohn, this is a gentleman that passed away from cancer far too young.
What investment strategy does Aaron Cowan present with MGM Resorts?
And his family created this thing called the Sohn Foundation, and they would host this event. And it started in Lincoln Center. And they would ask these managers, so at the time i was like a young venture investor and i got this invite and i showed up in new york at lincoln center in 2015 and i said amazon's going to be a trillion dollar company and i was laughed out of the room uh david einhorn who's a friend of mine but who is totally wrong said i know trillion dollar companies this is not a trillion dollar company wrong It turned out to be a great bet. I went back. I did Tesla in 2016. We picked the converts. And then in 2017, I was like, all right, this is it. This is my magnum opus. And I said, AI is the future.
How does Dan Dreyfus evaluate Talen Energy as an investment?
And then I picked Box. I was like, if I had just picked NVIDIA, I would have been a legend that I could have retired. Well, anyway, so we wanted to recreate Irisone and start to get these great managers who are making great picks, making a ton of money for their LPs. They don't get the distribution. And so it's just a chance to like get to know some of these names. You don't have to see them on CNBC. You'll see them here more and more often. And we can just get to opine. Roll the video.
Yeah. Ladies and gentlemen. Welcome to The Best Ideas Pitch. Let's meet our contestants.
Anyone should be able to trade any asset anywhere in the world, anytime, 24-7, with just an internet connection and a phone in their pocket.
What unique aspects does Oleg Nodelman highlight about Aktis Oncology?
We're building a new financial system from the ground up here.
People are going to want to own equities, and it's going to be fun in the next couple of years. Companies are going to innovate and create products and applications, and that's where hopefully long-short managers like us can make a boatload of money.
My fund, Eco R1 Capital, which is based in San Francisco, thinks of investing in biotech in a slightly different way. We're looking for unfollowed, unloved, misunderstood biotech companies. It's an amazing moment in time for those types of companies.
There has been a structural and permanent perception shift where both sides of the aisle are going to be leaning into nuclear in a big way. I'm massively optimistic. You know, all of this leads me to just be maximum risk on.
Thanks, the besties, for having me. And this is obviously a fabulous event you guys put on. I'm happy to be here. For those who don't know me, I run a four billion dollar firm in New York called Soretta Capital.
What innovative features does Kyle Samani pitch for GEODNET?
Before founding my firm, I was I ran the equities business for George Soros. I was then CIO for Steve Cohen. And I've been doing hedge funds now for twenty nine years. So definitely on the older edge of my peer group. So I was thinking about, you know, I run a generalist fund and, you know, we own a bunch of tech stocks, but, you know, given this audience here for me to pitch a tech stock would be absolutely completely stupid. So I was thinking about what else. And, you know, obviously the theme of this conference besides tech is poker. So I'm going to pitch to you MGM. Now, most of you know MGM as you think about it as the biggest company. They own 13 properties in Vegas. They're one of them and Caesars are the two largest owners of casino assets in Vegas.
Now, if you notice, the other day, Caesars got taken out. And so we think Vegas is actually starting to improve.
What insights do the hosts share during the recap of the pitches?
But I'm not here to pitch MGM because of Vegas. I'm gonna tell you is there's a couple of things we noticed. One is this company's been very aggressively been, stock's been aggressively acquired by Barry Diller lately. Barry now owns 26% of the company. Now I put this presentation together two weeks ago. Yesterday, he actually bid for the company.
How do the investors assess the potential of the presented ideas?
Okay, so when I put the presentation together, the stock was about $37. It's now high 40s. He bid $48, okay? I would not sell my shares to him for a second.
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Chapters
8 chapters
1
What is the Best Ideas format and its purpose?
0:00–0:12
2
What investment strategy does Aaron Cowan present with MGM Resorts?
0:12–0:58
3
How does Dan Dreyfus evaluate Talen Energy as an investment?
0:58–1:42
4
What unique aspects does Oleg Nodelman highlight about Aktis Oncology?
1:42–2:40
5
What innovative features does Kyle Samani pitch for GEODNET?
2:40–3:44
6
What insights do the hosts share during the recap of the pitches?
3:44–4:09
7
How do the investors assess the potential of the presented ideas?
4:09–5:51
8
What conclusions are drawn about the future of these investments?
5:51–1:07:45
Speakers
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