Skip to main content
The Capital Call Podcast

The Capital Call Podcast

By Vijar Kohli
In the Capital Call Podcast, we discuss the latest on capital, labor and technology in the economy.
Listen on
Where to listen
Breaker Logo

Breaker

Google Podcasts Logo

Google Podcasts

Overcast Logo

Overcast

Pocket Casts Logo

Pocket Casts

RadioPublic Logo

RadioPublic

Spotify Logo

Spotify

Currently playing episode

First episode of the Capital Call Podcast

The Capital Call Podcast

First episode of the Capital Call Podcast

The Capital Call Podcast

1x
Buffett sets the tone for 2020
The Berkshire Hathaway meeting was fully remote last week. The meeting usually has +30,000 attendees. Buffett set the tone for the year and provided sage advice for investors.
07:26
May 10, 2020
New video apps coming to market
Google and Facebook are entering the Zoom chatroom. Personally I think Microsoft will end up being the winner in the long run. E-commerce has reached an inflection point.
06:45
May 1, 2020
Data is the new oil
On this episode, we discuss the oil death spiral, why e-commerce is rising, and new tools for the work from home environment.
08:20
April 23, 2020
The first round of government funds is gone
The SBA loans have been dispersed but there's not enough to go around. Sales is down 100% for most businesses and will likely be down for the rest of the year. Capitalism is being challenged today but will prevail!
09:27
April 17, 2020
Small businesses need another +$250b
In this episode, we discuss why small businesses need more capital and why the previous programs won't be enough. Also, check out the latest streaming app to come to market.
09:03
April 9, 2020
Why an economic downturn is likely in April
Investors need to prepare for credit downgrades. On this episode, we discuss the macro environment, the $2 trillion stimulus plan, and how you can take advantage of social media today for business.
08:33
April 3, 2020
Rising jobless claims and trillions in debt
On this episode, we discuss the spike in jobless claims, trillions in corporate debt and the new coronavirus stimulus plan.
08:42
March 27, 2020
Are we flattening the coronavirus curve?
The market is on full tilt as the coronavirus continues to spread. The energy sector is toast. And why now is the best time to help your local small business.
11:33
March 20, 2020
Episode 7: The Oil Price War impacts the global economy
On this episode, we discuss the impact of oil prices from the coronavirus, banned flights to Europe, failed technologies like Robinhood and the Social Capital shareholder letter.
09:18
March 13, 2020
The Fed lowering rates, volatile markets and women's history month.
Episode summary: On this episode we’ll discuss the continued impacts of the coronavirus, why the fed may have lowered rates, the legacy of jack welch the former CEO of GE and women’s history month. Women’s history month Today i would like to thank all of the strong women in my life, business and across the world. For years women have been fighting for equality and have been achieving it day by day. The smallest victories can result in the biggest wins. Keep on fighting ladies. Earlier this week, a close friend who was honored by her employer. Stefanie Tomlin is an inspiration to all of those around. Check out this linkedin post and visit the King’s Theatre in Brooklyn when get the chance. Insert stef’s picture Linkedin link: Stef tomlin women history month The legacy of jack welch On march 1st, an industry titan passed away. Jack Welch was the renowned CEO of General Electric and made conglomerates cool again.  Jack had a classic american story, going from a middle class family to becoming the CEO of a multi billion dollar corporation. As many long-term executives, he mentioned that he almost quit early in his career. It’s amazing that he spent his entire 40-year career at one firm. Jack is well-known for two things related to his management techniques: the six sigma and firing practices. Six sigma became an industry standard practice to reduce errors in manufacturing and supply chain. By minimizing risk in business, GE was able to focus intensely on building top line growth. Jack was ruthless when it came to hiring and firing employees. He strongly believed in being #1 or #2 in business. His technique required him to promote the top 20% and fire the bottom 10% of employees. The firing practice received strong criticism  Over the years i have learned quite a bit from Neutron Jack. Reading his 20 shareholder letters as CEO have had a positive impact on how i manage business processes. It is even more impressive to read how Jack evolved over 20 years and built GE into what it was in the early 2000s. In 1980, the year before Welch became CEO, GE recorded revenues of roughly $26.8 billion and in 2000, the year before he left, they were nearly $130 billion. Unfortunately the company had lost its mark over the years during the change of executive leadership. Succession planning is always a challenge especially with so many different lines of businesses. Recently GE brought over Larry Culp who was formerly the CEO of the Danaher Corporation. Trade Coronavirus  The financial markets have been extremely volatile from the rising fears of the coronavirus. The major concerns are we don’t have a cure and virus is spreading virally across the globe.  As an investor, i focused on the opportunities directly related to China which impacts a majority of the world when it comes to supply chain and manufacturing. Shipments are on hold, flights are cancelled and real time news is limited. Major conferences like F8 by Facebook and Google’s Developer’s conference are being canceled to reduce the contagion from the virus.  I have no insights on whether the virus is slowing or speeding up. I do know that in six months we will know the severity of this crisis. Fed lowering interest rates Lowering rates may come as a surprise to many. Mentally i was ready for another drop, just not so soon. We are in a currency war and the dollar is too strong. The U.S. is relatively the most powerful country in the world. Our economy is robust and we have little impact from the virus.  Unfortunately low rates make it difficult for fixed income savers but this is great for value investors. Equity prices go up every time interest rates go down. The fed may have been planning this for sometime and have been waiting for a catalyst such as the virus to further strengthen the U.S. position. A global economic slowdown is the biggest concerns for global leaders. And the U.S. has the best financial tools to navigate the global economy.
13:08
March 5, 2020
The global impacts of the coronavirus, the rise of remote work and the state of private equity.
Episode summary Impacts of the Coronavirus on Global Supply Chain The Rise of Remote Work.  Bill Gates and Warren Buffett’s annual letters Private equity trends from 2019 Coronavirus on Supply Chain.  Global supply chain is coming to a halt. The coronavirus has spread rapidly across Asia and Europe. U.S. market indices have dropped +10% and show no sign of stopping in the near term.  This week, Microsoft and Apple have announced they both expect not to meet quarterly guidance because of the disruptions. I haven't seen smaller companies provide the same warnings but you know a majority of global businesses will be impacted.  Major conferences like Mobile World Congress have been canceled to stop the spread of the disease. This a major business disruption.  I don’t think people are prepared if the virus spreads to the U.S. If it is a contagion, many households don’t have enough supply to stay indoors for 1-3 months until a vaccine is found.  The Rise of Remote Work.  On a brighter note, teleconferencing is picking up globally. Businesses won't close down simply because of fear. Companies are being forced to find alternate solutions to keep the lights on.  Zoom, a popular videoconferencing tool, has onboarded more users in Jan-Feb 2020 than all of 2019. Other remote tools are also seeing increased usage, which will mean higher profits in the short term. Annual letters Read Bill Gates and Warren Buffett’s annual letters Buffett’s is a personal favorite of mine  He has decades worth of writing, documenting his investment process This year he focuses on succession planning and the broken incentives of for board of directors.  Bain private equity 2020 report The private equity market in 2019: Strong deal activity despite worsening macro conditions More private equity general partners are already preparing for a downturn Buyout deals posted another strong year, despite a worsening macroeconomic outlook A growing share of buyout deals have been highly leveraged with debt More than 55% of US buyout deals had a multiple above 11x The average time to use buyout dry powder has fallen to levels well below the stockpile just before the financial crisis In deal returns, individual lead managers—especially women—matter more than the PE firm Technology deals, especially software buyouts, have produced stronger returns than the private equity market overall
09:55
February 28, 2020
New Indian CEOs and the New Roaring 20s for finance and technology stocks
The rise of Indian CEOs 98% of companies will have multi-cloud systems using IBM Large enterprises are only 20% into cloud migration Management tools will accelerate the migration Pure players like Microsoft and Amazon don’t provide management solutions Building community platforms for cyber security applications  The cloud market will be a trillion dollar market with IBM as a player Data analytics is the single biggest driver of cloud computing today IBM/WeWork CEOs Peak tesla or not In seven months, tesla has become the most valuable auto company in the u.s. Production issues in 2018 and 2019 caused extreme pressure for Elon and the company. Ambitious goals for the Model 3 was the primary cause for production challenges. Major short sellers have lost billions of dollars in the last month. The stock has more than doubled in a short period of time After a surprise profit in mid-2019, the announcement of the cyber truck, and meeting production demands, resulted in the company to skyrocket Next up Tesla will enter the Chinese market and invest heavily in its battery technology.  Let’s see what the rest of 2020 has in store for Tesla and its stock!   Roaring bank stocks JPM is making all time highs after generating billions of dollars in fixed income profits The financial services industry is ready to enter the golden decade of finance and technology. Scaling technology will enable banks to deliver higher profits. Blockchain will certainly help clean up internal ledgers and create a better process for universal banks and international payments. 2019 was the recovery period since most bank stocks have underperformed for the past decade. Deregulation and lower taxes has definitely help them out.  I think interset rates will only rise from here and banks make most of their money from interest rate spreads.  Big and boring is beautiful for banks
09:32
February 14, 2020
Global trade and retail bankruptcies
Today we discuss the low interest rate environment, retail bankruptcies and global trade.
06:19
February 3, 2020
Inequality in American cities
Today we discuss the challenges with time inequality in major cities.
02:52
December 24, 2019
First episode of the Capital Call Podcast
Briefly discuss the markets year to date in 2019.
02:04
December 22, 2019