What podcasts say about Warren Robertson
Every statement, with the speaker, the exact quote and the moment it was said.
What Warren Robertson has said on podcasts
42 statements · 24 positive · 14 negative · 1 mixed · 3 neutral
Investments that look too good to be true may be misleading or unsuitable.
“If it looks too good to be true, perhaps it is.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 0:06
Inability to explain an investment role plainly is a warning sign for investors.
“If someone who's in my position and is doing the role that I'm doing cannot explain what it is that I do to a motor mechanic or a housewife, and they use a whole bunch of jumbo mumbo words and jargon to try and, I think, make themselves feel more important than who they are, I think that's the first red flag.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 4:56
Some infrastructure assets generate predictable earnings and forecastable cash flows.
“there are certain assets within the infrastructure asset class which produce very predictable earnings, very forecastable cash flows, a beautiful return series.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 8:07
Many preferred infrastructure assets have monopoly-like structures and inflation-linked returns.
“They're typically monopoly-like. They have inflation-linked returns either embedded in the regulatory arrangements or in the concession deeds or contractual terms that they have.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 8:17
More predictable earnings and cash flows reduce investment decision difficulty.
“if I find assets that produce earnings and cash flows that are more easier to predict, that's half of my job made easy.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 9:17
Concentrated portfolios of roughly 30–40 stocks are important.
“We'll own 30 to 40 stocks in both portfolios today because we think being concentrated is important.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 11:07
Visa has infrastructure-like characteristics as a payment-system business.
“a great example of a non-infrastructure stock that is infrastructure-like is Visa”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 11:52
Visa is expected to deliver strong future earnings growth.
“we think good, strong earnings growth going into the future.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 12:10
Visa produces an EBITDA margin of approximately 70%.
“it's one that produces a 70% EBITDA margin”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 12:37
Inflation will remain above central-bank target ranges for some time.
“you would see higher than target ranges for inflation that most central banks put out there for some time. It won't be forever, but it will be for some time.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 13:46
Persistently elevated inflation benefits some infrastructure assets.
“that is a positive for a number of infrastructure assets.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 13:56
Sharp US inflation increases are somewhat negative for US utilities.
“short, sharp jumps in inflation in the US are actually somewhat negative for US utilities”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 14:56
Data centers are too competitive for his infrastructure investment strategy.
“data centers no um too competitive”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 16:25
Data centers lack monopolistic characteristics.
“So it doesn't have monopolistic characteristics, so no.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 16:52
Solar farms have uncertain investment suitability.
“For the solar farms, it's a question mark.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 17:38
Some EV charging networks bear volume and price risk, making them unattractive investments.
“the ones that I have seen take both volume and price risk and therefore no.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 17:46
Space infrastructure can be attractive when its economics are predictable.
“we do like space infrastructure”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 19:36
SES has long-term contracts, pricing power, and controls 75% of geostationary-orbit slots.
“SES, which is one that has good long-term contracts with governments, pay TV companies around the world, and some genuine pricing power, given it controls 75% of the slots in geostationary orbit, that's one that we do own.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 19:49
Communication-tower stocks fell approximately two-thirds over three years.
“That sector, broadly speaking, over the last three years has fallen. by about two thirds in share price.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 20:47
Three companies control nearly all US mobile-phone towers.
“there are basically three in the United States that control pretty much all of the mobile phone towers now.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 21:28
Additional tower transmitters generate approximately 100% profit margins.
“So it's basically a 100% profit margin that drives straight to the bottom line.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 21:54
Starlink complements rather than substitutes for terrestrial mobile towers and spectrum.
“Elon Musk himself has made those comments twice. over the last 18 months in various presentations. So he almost acknowledged that Starlink's a complement, not a substitute to the tower codes and the traditional terrestrial spectrum.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 23:40
Communication-tower share prices have recently begun a dramatic recovery.
“we've seen those share prices start to turn around. dramatically in the last month and a half.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 24:11
Anheuser-Busch is preferred to Heineken because of greater scale and profit per hectolitre.
“we prefer anheuser-busch over heineken not because the beer is any better because it's twice as big and it makes two times the amount of profit per hectolitre on the beer itself”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 26:54
Beer consumption is declining.
“beer is in decline.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 27:59
Gen Z consumes less alcohol than previous generations.
“Gen Z is clearly consuming less than the generations before it.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 28:11
Patient investors can be rewarded for holding durable franchise businesses long term.
“we think with the embedded quality of the franchise business that they have, those sources of... economic franchise to predictability burnings in the long run you are compensated for being patient”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 29:13
Patient investors can earn good returns over three to five years.
“you can hold that and move forward on the front foot to make good returns if you're patient over three to five years”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 29:45
Brightstar Lotteries and FDJ have continued growing revenue and earnings.
“These businesses have continued to do 2%, 3% revenue growth, 3%, 5% earnings growth, no problem whatsoever.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 30:55
Brightstar Lotteries missed quarterly earnings only three times in ten years.
“if I take bright star lotteries for the last 10 years, it's only missed quarterly earnings three times. That's predictable.”
Open the episode · Searching for predictability in an unpredictable market with Warryn RobertsonListen at 31:23
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.