Harris Kupperman: Journey Energy $JOY, Patience, and Inflection Investing

<p>Hey guys! This week we&#39;re excited to have our friend Harris Kupperman (aka Kuppy) back on the podcast. Kuppy is a dear friend and one hell of an investor. </p> <p>We spend the podcast discussing the idea of patience and boredom as keys to successful investing. We also touch on Kuppy&#39;s Inflection Investing framework. Finally, we dive deep into one of Kuppy&#39;s newest equity positions: Journey Energy (JOY). Full disclosure, Kuppy owns ~2% of the company and I own shares in my retirement account. Please do your own work. None of this is investment advice. </p> <p>If you like what you hear, please follow Kuppy on Twitter <a href="https://twitter.com/hkuppy" target="_blank" rel="noopener noreferer">@hkuppy</a>. Also, check out his Event-Driven product <a href="https://www.kedm.com" target="_blank" rel="noopener noreferer">KEDM.com</a>. Give it a free test drive and see for yourself. You might not want to trade without it. </p> <p>Finally, a big thanks to the following sponsors for making the podcast a reality!</p> <p><strong>Mitimco</strong></p> <p>This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns to support MIT&#39;s mission. To help the emerging manager community more broadly, they created <a href="https://emergingmanagers.org/" target="_blank" rel="ugc noopener noreferrer">emergingmanagers.org</a>, a website for emerging manager stockpickers.</p> <p>For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You&#39;ll find essays and interviews by successful emerging managers, service providers used by MIT&#39;s own managers, essays MITIMCo has written for emerging managers, and more!</p> <p><strong>Tegus</strong></p> <p>Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you car