The Intelligent Investing Podcast

In this episode of The Intelligent Investing Podcast, host Eric Schleien speaks with Haren Bhakta, creator of the Inside Ownership Index, also known as the “Skin in the Game Index.” The Inside Ownership 100 tracks companies with high insider ownership, focusing on founder-led businesses where leadership has real skin in the game. Eric and Haren discuss why founder culture drives innovation, how insider ownership impacts long-term returns, and what happens when legendary leaders like Warren Buffett and Jeff Bezos step back from their companies. Key Topics: Why insider ownership matters for long-term compounding The culture shift when founders leave (Intel, Nike, Starbucks, etc.) Backtesting results: founder-led companies vs. the S&P 500 How index funds rebalance after founders exit What sectors benefit most from the Inside Ownership methodology Insights from Berkshire Hathaway, Nvidia, Amazon, Tesla, and more Resources & Links: Guest Website: InsideOwnership.com Guest LinkedIn: Haren Bhakta Host Website: EricSchleien.com Watch on YouTube: https://youtu.be/n10RUbD75co

In this solo episode of The Intelligent Investing Podcast, Eric Schleien breaks down the case for why Vistry Group (LSE: VTY) may be one of the most mispriced stocks in the UK market right now — or possibly a classic value trap. After issuing three profit warnings in late 2024, Vistry’s stock tanked over 60%. But the actual issues were contained within a legacy division the company is actively winding down. Meanwhile, its Partnerships business — a capital-light, 40%+ ROCE cash machine — continues to execute and grow, backed by massive UK government tailwinds. In this deep-dive, Eric Schleien discusses: Vistry’s misunderstood dual business model What really caused the profit warnings The hidden strength of the Partnerships segment Labour’s UK housing policy and billions in new funding A compelling valuation with 3–4x return potential Why this could be the UK’s version of NVR What risks are real — and which ones the market is overreacting to This episode is essential listening for anyone interested in value investing, behavioral mispricings, and the intersection of policy and capital allocation. — Watch on YouTube: Full Podcast Playlist: https://www.youtube.com/playlist?list=PLH7Zqn5JeEVEQM8rIf6y72p3kRuo-7Qy6 Main Channel: https://www.youtube.com/@EricSchleien1 — Read Eric’s Book: "Principles of Power: The Art & Wisdom of Value Investing" https://amzn.to/3XPPY8y — More from Eric Schleien: Website & Blog: https://ericschleien.com Full Podcast Archive: https://intelligentinvesting.podbean.com Twitter: https://twitter.com/EricSchleien

Episode Description: Welcome to another episode of the Intelligent Investing Podcast with your host, Eric Schleien. In this in-depth episode, we’re diving into the UK housing market with a comprehensive analysis of Vistry Group, one of the most undervalued opportunities in the sector today. Known for his detailed and thoughtful investment insights, Eric Schleien brings unparalleled depth to this discussion, making this episode a must-listen for sophisticated investors. Key Takeaways: The Vistry Transformation: A closer look at the company’s pivot to a partnerships-focused business model and why it’s a game-changer. Challenges & Opportunities: An honest assessment of Vistry’s recent profit warnings, rising interest rates, and regulatory pressures. Historical Context: How decades of UK housing policy have shaped the current market landscape and what it means for Vistry. Financial Deep Dive: Stress testing the numbers to reveal why Vistry’s valuation offers substantial downside protection and potential upside. Bull vs. Bear Case: An unbiased exploration of the risks and rewards of investing in Vistry. Unique Insights: Insights you won’t find anywhere else—leveraging Eric’s analytical expertise to uncover overlooked opportunities. About Eric Schleien: Eric Schleien is a value investor, portfolio manager, and the host of the Intelligent Investing Podcast. Known for his ability to uncover deep-value opportunities and provide sophisticated investment analysis, Eric is committed to educating investors and fostering meaningful conversations around finance and investing. Listen to the Full Episode: In this episode, Eric unpacks the Vistry story like never before, providing a masterclass in patience, due diligence, and deep-value investing. Whether you’re a seasoned professional or exploring the UK housing sector for the first time, this episode will leave you with actionable insights. Watch the Full Episode on YouTube here. Connect with Eric Schleien: Website: Eric Schleien LinkedIn: Eric Schleien on LinkedIn Twitter: @EricSchleien   Subscribe & Review: If you enjoyed this episode, please subscribe to the Intelligent Investing Podcast on Apple Podcasts, Spotify, or your favorite podcast platform. Don’t forget to leave a review to help others discover the podcast. For more episodes and expert insights, visit the Intelligent Investing Podcast. Connect with Eric Schleien on social media and stay updated with the latest episodes and investment tips.

Welcome to another episode of the Intelligent Investing Podcast with your host, Eric Schleien. In this insightful episode, we have the pleasure of speaking with Ben Kogut from Rooster Equity. Ben is a seasoned commercial real estate investor who has raised over $110 million through syndications and has a wealth of knowledge to share about triple net lease investing. Key Takeaways: Ben Kogut's Journey: From starting in commercial real estate in 2005 to becoming a partner in a mid-sized syndication firm and eventually founding Rooster Equity. Triple Net Lease Investing: Understanding the benefits and intricacies of triple net lease properties. Using AI in Real Estate: How AI and data play a crucial role in evaluating investment opportunities. Raising Capital: Strategies for building investor relationships and successfully raising capital for real estate projects. Market Analysis: Ben's insights on the current real estate market and future trends. About Ben Kogut: Ben Kogut has been involved in commercial real estate since 2005 and has specialized in acquiring retail, medical, and industrial properties. His expertise in syndication has led him to raise over $110 million, and he recently founded Rooster Equity, a company focused on raising private equity capital for commercial real estate assets. Listen to the Full Episode: In this episode, Ben shares his journey, strategies, and valuable insights into the world of commercial real estate investing. Whether you're a seasoned investor or just starting, this episode is packed with practical tips and expert advice. Watch the Full Episode on YouTube here Connect with Ben Kogut: Website: Rooster Equity LinkedIn: Ben Kogut on LinkedIn Connect with Eric Schleien: Website: Eric Schleien LinkedIn: Eric Schleien on LinkedIn Twitter: @EricSchleien Intelligent Investing Podcast: Podcast Link Subscribe & Review: If you enjoyed this episode, please subscribe to the Intelligent Investing Podcast on Apple Podcasts, Spotify, or your favorite podcast platform. Don't forget to leave a review!   For more episodes and expert insights, visit the Intelligent Investing Podcast. Connect with Eric Schleien on social media and stay updated with the latest episodes and investment tips.