What podcasts say about Robert G. Hagstrom

Every statement, with the speaker, the exact quote and the moment it was said.

What Robert G. Hagstrom has said on podcasts

5 statements · 2 positive · 2 negative · 1 neutral

on Investment position sizingNegativeOct 11, 2026· Excess Returns
A declining margin of safety justifies reducing a position.
“the margin of safety declines, that's a legitimate reason to alter the size of the bet”
Listen at 22:40
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Return on capital and valuation multiplesPositiveOct 11, 2026· Excess Returns
Businesses with higher returns on capital deserve higher valuation multiples.
“one has a 50% return on capital. Another one has 12% return on capital. I obviously shouldn't pay the same multiple for both businesses.”
Listen at 33:52
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on HyperscalersPositiveOct 11, 2026· Excess Returns
Hyperscalers may eventually return to very strong cash-flow generation.
“they will return back to being cash flow monsters”
Listen at 41:46
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on AI systemsNegativeOct 11, 2026· Excess Returns
AI cannot yet forecast the duration of competitive advantages five years ahead.
“it can't tell you how it thinks about it five years from now”
Listen at 49:02
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on AI capital investment cycleNeutralOct 11, 2026· Excess Returns
The AI capital-investment cycle may approach an inflection point around 2027–2028.
“I do think if we're close to the inflection point of this capital investment cycle somewhere in 27 going to 28”
Listen at 1:02:13
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses

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.