Episode Details
Back to EpisodesThe Art of Knowing Value from Value Trap
Description
On this episode of In the Money with Amber Kanwar, GreensKeeper Asset Management founder and value investor Michael McCloskey joins Amber for a masterclass in long-term investing. He explains why value investing means running toward fear, not hype — and how to separate a true bargain from a value trap.
In the mailbag, he weighs in on some of the market’s most misunderstood names: why Google (GOOG) remains his top tech pick, how Visa (V) continues to dominate despite disruption fears, and why Lockheed Martin (LMT) and Elevance Health (ELV) still have room to run despite negative sentiment. He also shares his view on Berkshire Hathaway (BRK.B) post-Buffett, breaks down the case for Intercontinental Exchange (ICE), and explains why Richemont (CFR.SW) still shines despite a cautious Chinese consumer.
For his Pro Picks, McCloskey highlights three high-conviction ideas: Fiserv (FI), a fintech leader with decades of growth; ICON PLC (ICLR), a discounted global clinical trials giant; and Automated Bank Services (SHVA), the “Visa of Israel” with monopoly-like power and pricing potential.
Whether you're looking for undervalued blue chips or hidden international gems, this episode is packed with insight from a disciplined value investor.
Timestamps
00:00 Show Intro
01:50 Why McCloskey runs towards trouble, that’s when you find cheap stocks
02:50 How to separate value from value traps
04:10 You have to get the business right long-term
06:15 How McCloskey became a value investor
10:00 Understanding value investing through the lens of Constellation Software and Tesla
12:50 ITM Mailbag: Berkshire Hathaway stock (BRK.B)
16:15 CN Rail stock (CNR.TO)
18:45 Lockheed Martin stock (LMT)
21:10 Alphabet stock (GOOG)
27:40 Intercontinental Exchange stock (ICE)
30:50 Elevance Health stock (ELV)
35:15 Credit card stocks Visa & American Express (V, AXP)
40:45 Richemont stock (CFRUY)
44:00 Pro Picks (FI, ICLR, SHVA)
Sponsors
This episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20
For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.
Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information.
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DISCLAIMERS
The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.
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