Sohn Conference Pitches Look Like Amateur Hour
I was purviewing their site for past presentations and to my surprise, found pitch decks from some of the "sharpest equity investors on the planet" to be poorly formatted with surface-level analysis that strings together often irrelevant data points to build a narrative that would be obvious to a 13 year old. My favorites are the value investors pitching a "sell shovels to gold miners" idea that talks about copper mines to capitalize on EVs or semiconductor suppliers to capitalize on 5G/AI like the entire market hasn't priced that in already.
Real talk did anyone see the London Sohn Cargojet short 😂 😂
Can't find it, got a link?
Don’t think it’s up but the guy critiqued the age of the fleet + some “peculiar tax accounting” which were just his misunderstandings of the business.
that muddy waters guy did an ELF short (which you can find online) which just misinterprets import data. Sohn LDN is something else.
Bad pitch but good short
Cargojet is a shitco ponzi that grows topline and ebitda by buying planes for too much and flying cargo at a loss. The accounting and self dealing is egregious. The market’s willingness to fund this value destructive expansion via hybrid debt is ending
Flying cargo at a loss? I don't follow, financials look fine to me. What am I missing
.
Reminds me of KS @ LP
the salamander
Link?
No link needed. It was pathetic.
If the pitches make money, why does it matter? People would have said the same thing about being long MSFT or AAPL 5 years ago…
You must not have seen the Peloton pitch in '21.
“If the pitches make money”
not only was the pitch a disaster, i remember there being so many mistakes and basic errors in the pitch
Sohn London is a vendor event. Known for tiny funds to pitch to get some PR and ideally LPs attention I guess. Terrible pitches.
Serious question: are these presentations representative of the actual work that goes on at these places? Or are these throwaway presentations?
Also wondering. I've been going through them and have been appalled at the quality. You'd think that these are going to be made public that they'd put extra effort them, so now that just makes me think what they actually do internally must be even worse.
110% representative. Now you understand why no one besides college kids/IB/PE people think highly of these funds.
Grim.
m
Guys, friendly reminder that the majority of the pitches available on the Sohn website are from students or very young professionals who enter their annual ideas contest.
This is the guy that won the idea contest last year: https://www.linkedin.com/in/vijayshilpiekandula/
Bro thinks he is literally galaxy brain:
Meanwhile guess how ASML has done since he pitched it 7 months ago...
Lmfao who had the idea to name his fucking fund Dilation Capital
You’re joking
You’re joking
You’re joking
His pitch was DREADFUL. I double checked when I read he was the winner….
m
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