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Brian Bares

7 statements across 1 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement Apr 26, 2021 by Brian Bares · across every show →

On the record as a speaker too: Brian Bares's record, appearances and statements → this page counts the times other people say the name.

Everything said about Brian Bares, oldest first

Apr 26, 2021 negative
Opinion
Multi-manager portfolios with hundreds of stocks yield passive returns for active fees
“I mean, 10 equity managers, each holding a hundred stocks, charging one percent, you're charging active fees and getting passive results. It's ridiculous. And so everybody should be concentrated.”
Brian Bares Apr 26, 2021 ▶ 19:24 Brian Bares – Qualitative Concentration at BCM (Capital Allocators, EP.191)
Apr 26, 2021 neutral
Opinion
Goldman Sachs avoids micro-cap because fees trail middle-manager compensation
“The reason is that Goldman is not going to produce a concentrated microcap strategy because the total fee revenue potential is just a fraction of what a middle manager there makes in a year.”
Brian Bares Apr 26, 2021 ▶ 17:02 Brian Bares – Qualitative Concentration at BCM (Capital Allocators, EP.191)
Apr 26, 2021
Disclosure
Bares Capital Management operated without legal counsel for its first nine years
“Little known fact about my firm is for the first nine years, I didn't have an attorney. I was just so frugal that I didn't want to pay for one, which was, I do not recommend to people. I think it was completely reckless. Course of action. And now we have great…”
Brian Bares Apr 26, 2021 ▶ 21:34 Brian Bares – Qualitative Concentration at BCM (Capital Allocators, EP.191)
Apr 26, 2021 bearish
Assertion Not checkable as stated
The fiftieth portfolio stock exists purely to gather asset-based management fees
“The evidence is that after eight stocks, you're 80% diversified, right? So the 50th name in your portfolio is doing nothing to get you more of the free lunch, right? I mean, it's just a exercise in gathering assets to get more asset based fees for a manager.”
Brian Bares Apr 26, 2021 ▶ 19:46 Brian Bares – Qualitative Concentration at BCM (Capital Allocators, EP.191)
Apr 26, 2021 neutral
Disclosure
Brian Bares regrets letting downside risk management prevent him from enjoying success
“And it is impacted my business life because I've had some business success and I haven't enjoyed it because I'm constantly thinking about the downside, the risk management or the future planning or the future optimization. So I know it's kind of an unusual ans…”
Brian Bares Apr 26, 2021 ▶ 1:06:08 Brian Bares – Qualitative Concentration at BCM (Capital Allocators, EP.191)
Apr 26, 2021
Disclosure
Bares Capital pre-qualifies investment candidates without looking at historical stock prices
“So everything that we pre-qualify for purchase is done without any knowledge of what the stock price is or has been.”
Brian Bares Apr 26, 2021 ▶ 26:30 Brian Bares – Qualitative Concentration at BCM (Capital Allocators, EP.191)
Apr 26, 2021
Disclosure
Bares Capital Management launched with $21,195 in total paid-in capital
“All the capital that was ever put into my firm is 21,000, but 195 dollars and 14 cents is all the paid in capital.”
Brian Bares Apr 26, 2021 ▶ 11:19 Brian Bares – Qualitative Concentration at BCM (Capital Allocators, EP.191)
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