What podcasts say about Tom Monaghan
Every statement, with the speaker, the exact quote and the moment it was said.
What Tom Monaghan has said on podcasts
33 statements · 22 positive · 6 negative · 5 neutral
AI infrastructure investment is a significant driver of GDP growth.
“the AI buildout, which we'll get into more detail, I'm sure, but that's a significant driver of GDP growth”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 2:47
Small- and mid-cap earnings are expected to grow 20–30% over the next few years.
“you have 20%, 30% kind of earnings growth expected over the next few years”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 3:08
Operational efficiency is boosting earnings through margin improvements.
“you are seeing some of that come through”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 7:57
Small-cap earnings growth has begun to improve relative to large caps.
“that seems to have reversed to some extent”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 9:22
Improving small-cap earnings should attract more investor interest.
“you should probably start to see a little more interest in the market space”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 9:36
U.S. small- and mid-cap stocks will capture reshoring and domestic development activity.
“all of that is going to be captured by small mid-cap stocks here in the United States”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 11:07
Investors should consider small- and mid-cap stocks for diversification and growth exposure.
“you should be thinking about small and mid-cap stock”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 12:18
The strategy’s investable range extends down into micro-cap stocks.
“the low end is really kind of down to, you name it, micro caps”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 14:13
Small-cap stocks can carry a valuation premium at the individual-stock level.
“I think that there is a premium”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 16:06
Only a small minority of small- and mid-cap companies graduate into larger-cap status.
“Very few of them actually graduate”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 16:30
Small-cap investors should actively manage sector exposures rather than track index weights.
“you need to be genuinely active”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 20:22
Small-cap managers should vary both stock selection and sector weights.
“you want a manager who's not only active in terms of the stock level decisions, but I think also the willingness to let those sector weights move”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 21:22
The portfolio expands its number of holdings during major market or macro changes.
“when things are sort of in a change point, you'll see that number expand”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 23:22
The portfolio concentrates into higher-conviction holdings during difficult conditions.
“when things are getting rough, our number of names actually shrinks”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 23:33
The quality of small-cap indexes has declined because more constituents are unprofitable.
“the overall aggregate quality is a little bit lower”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 24:31
Private-capital exits will eventually produce good mid-cap public companies.
“there will be some good companies coming out that way”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 28:54
Groundbreaking technology companies can be relatively insulated from macroeconomic conditions.
“the macro may have very little impact on that company's fortunes in the near term or even in the long term”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 31:17
Stock selection should incorporate both bottom-up analysis and macroeconomic conditions.
“you need to incorporate both”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 32:48
Higher interest rates increase the importance of balance-sheet and business quality.
“quality should start to matter more”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 36:47
Higher interest rates should theoretically reduce equity valuation multiples.
“multiple theoretically should come down”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 38:14
Small-cap stocks can massively outperform when ETF inflows target their thematic baskets.
“the small cap stock may massively outperform”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 42:15
Basket-driven selling can create opportunities in fundamentally sound small-cap stocks.
“you can find opportunities where a stock gets clobbered because it's in a basket that people are selling off”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 42:55
Small-cap investors should place greater emphasis on earnings growth than multiple expansion.
“you really have to sort of have more of an emphasis on that earnings growth”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 44:46
The market will eventually recognize companies delivering materially improved earnings growth.
“eventually I think market will come around to the attention on that company”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 46:55
Investors should be equally cautious about extremely cheap and expensive stocks.
“we're as wary of really cheap stocks as we are really expensive stocks”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 51:37
Consistent earnings growth can eventually lead to higher valuation multiples.
“the valuation may actually start to go up again”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 56:01
Management assessment is especially important when evaluating small-cap companies.
“assessing management is very important”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 57:07
Poor management decisions affect small enterprises quickly and dramatically.
“if you make bad moves, it can sort of manifest itself rather quickly and more dramatically”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 57:34
Manufacturing reshoring and a domestic industrial renaissance are occurring.
“I think they're happening”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 1:01:43
Globalization has partially unwound, increasing demand for local production capacity.
“you've had a little bit of an unwind of the globalization”
Open the episode · Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big TechListen at 1:04:10
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.