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Show Notes:

[00:03:06] – (First question) – Jason’s view on private markets vs public markets and how his view has evolved

[00:06:02] – Phase of the private markets where companies can achieve huge size and scale without going public

[00:10:31] – Framework of Jason’s value-based investing strategy

[00:13:47] – Reverse discounted cash flow

[00:16:27] – Are there areas of the market that are easier to predict using Jason’s models

[00:20:29] – Tech dominance the longer they are around

[00:22:08] – How markets have changed over Jason’s career

[00:25:58] – Types of edge that you can have in the market

[00:30:00] – Broad examples of sectors that are high-quality, but momentum is hurting them

[00:31:32] – Backstory of Hu Kitchen

[00:38:33] – Investment research into health and wellness

[00:42:56] – State of acquisitions, particularly in consumer product goods

[00:47:13] – Jason’s research into cannabis

[00:50:43] – The misperceptions of cannabis

[00:56:30] – Why cannabis is a more important sector to consider than crypto

[00:57:51] – What are the most important levers to growing a business

[01:02:24] – Biggest lessons learned in hiring good people

[01:06:10] – Investing lessons

[01:09:27] – Kindest thing anyone has done for Jason