What podcasts say about Philipp Hofflin
Every statement, with the speaker, the exact quote and the moment it was said.
What Philipp Hofflin has said on podcasts
62 statements · 29 positive · 31 negative · 2 mixed
Buying low-expectation, low-multiple companies outperforms betting on future transformations over the long run.
“if you buy low expectations, low multiples, high cash flow yields and so forth, in the long run, you do better than if you... hope for some great transformation in the future.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 1:21
Buying low-expectation stocks outperforms betting on future transformations over the long run.
“If you buy low expectations, uh, you know, low multiples, high cash flow yields and so forth, in the long run you do better than if you, uh, hope for some great transformation in the future.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 1:21
Inflation is currently the biggest market problem.
“inflation. And that is, I think, the biggest problem out there at the moment.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 2:29
Underlying inflation in Australia and the United States is currently too high.
“Underlying inflation is running at 3 to 4%. So it's already too high, right?”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 2:39
Falling global energy inventories increase the risk of an energy-price spike.
“The risk that something breaks and they really spike increases.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 3:30
The United States fiscal deficit is unsustainable despite economic growth and low unemployment.
“They're running a 6% deficit. in a boom with low unemployment. It is completely and utterly unsustainable.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 5:10
The United States fiscal deficit is unsustainable and reckless.
“It is completely and utterly unsustainable. Reckless, it seems to me.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 5:16
The United States will eventually stop its deficit or face a market crisis.
“So either they stop or the market will stop them. There's a crisis.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 5:43
The United States must reduce its deficit or face a market crisis.
“So either they stop or the market will stop them. There's a crisis.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 5:43
High inflation, tight policy and high asset prices create a dangerous market combination.
“high inflation and tight monetary policy and aggressive central banks and high asset prices just don't mix.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 8:55
High inflation, tight monetary policy, and high asset prices create a major market risk.
“high inflation and tight monetary policy and aggressive central banks and high asset prices just don't mix.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 8:56
AI will eventually become deflationary, but its investment boom will continue for several years.
“I think AI will eventually turn deflationary, but at the moment, yes, it is absolutely— for the next couple of years, it looks like, you know, that boom is just going to roll on.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 9:44
AI will eventually become deflationary, but its boom will continue for the next couple of years.
“AI will eventually turn deflationary. But at the moment, yes, it is absolutely for the next couple of years. It looks like, you know, that boom is just going to roll on.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 9:44
Military spending contributes to inflation.
“military spending also is an inflationary force in that sense.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 10:13
Increased military spending is inflationary because it represents consumption rather than production.
“military spending also puts— is an inflationary force in that sense.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 10:13
Current inflationary dynamics are unlikely to change soon.
“It's very hard to see the dynamics at the moment changing.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 10:44
Interest-rate uncertainty warrants caution among investors.
“We don't think we can forecast interest rates any better than anybody else. I think it makes you cautious.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 10:57
Interest-rate uncertainty should make investors cautious.
“we don't think we can forecast interest rates any better than anybody else. I think it makes you cautious.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 10:58
CSL was sufficiently underpriced to justify maximum portfolio exposure and subsequently rallied sharply.
“We were maximum CSL across all our funds. And since then, it's had this astonishing rally.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 14:00
CSL shares rose 38% in one month after its reporting result.
“the stock just, you know, it was up 38% in a month.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 14:14
Reduced market liquidity increases share-price volatility.
“Therefore, any volatility becomes greater because there's less depth in the market.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 16:07
Reduced market liquidity increases share-price volatility.
“Therefore, any volatility becomes greater because there's less depth in the market.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 16:07
Cochlear shares fell 32% on its warning day and 45% over that week.
“cochlear fell 32% on that day of the warning in April, and it was down 45% in the week.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 17:01
Cochlear became attractive after its sharp decline and subsequently rallied 50%.
“We bought it. It's already rallied 50%.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 17:19
Less efficient markets create opportunities for value investors.
“it gives us opportunities.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 17:33
AI-enabled coding may cause companies to replace SaaS subscriptions with internal development.
“That companies are going to turn around to their service provider and say, look, I'm paying you $2 million for this license. I can get my own people to do my own stuff.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 18:30
AI may replace white-collar workforces and their software simultaneously within ten years.
“The real risk is that sometime over the next five or ten years, the company replaces the workforce and the software in one hit.”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 19:04
AI could replace white-collar workforces and their SaaS software within 5–10 years.
“The real risk is that sometime over the next 5 or 10 years, the company replaces the workforce and the software in one hit.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 19:04
AI-driven workforce replacement poses an existential risk to SaaS providers.
“And that's an existential risk, right?”
Open the episode · Hofflin: Big moves are creating great value on the ASXListen at 19:43
AI-driven workforce replacement poses an existential risk to SaaS providers.
“And that's an existential risk.”
Open the episode · Riding the rebound in CSL, Cochlear and finding the next opportunityListen at 19:43
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.