Episode Details

On today's episode, Clay is joined by Deiya Pernas to discuss his investing philosophy, why he sees opportunity for investors in the digital payments space, and why he is closely following developments in AI.

After a decade of experience in the investment industry, Deiya co-founded Pernas Research with his brother in 2023. Since January 2017, the Pernas portfolio has published audited net returns of 27.1% versus the S&P 500’s average annualized return of 14.7%.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro 01:44 - Pernas’ overall investing philosophy that has enabled them to crush the market. 04:49 - How we as investors can go about making predictions about an uncertain future. 09:00 - What poker taught Deiya about effective portfolio management. 15:12 - The importance of understanding working capital. 24:39 - Why Deiya is attracted to the digital payments space. 30:28 - An overview of why Deiya is long Remitly. 45:52 - Why Wise PLC isn’t a major threat to Remitly. 49:12 - Why Deiya is closely following developments in AI. And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.
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• Related Episode: TIVP032: Remitly (RELY): Future Multibagger or Stablecoin Casualty? w/ Daniel Mahncke & Shawn O'Malley.
• Follow Clay on LinkedIn & X.
• Follow Deiya on LinkedIn & X.
• Check out all the books mentioned and discussed in our podcast episodes ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.
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