Herb Wagner, founder of Finepoint Capital, discusses his personal ownership stake in Fenway Sports Group properties with Ted Seides.
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“Back in 2012 through one of my mentors, I was offered the chance to buy a small piece in the Boston Red Sox. And I instantly jumped at it.”
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More from Herb Wagner
Opinion
Wagner: Private credit is too competitive to deliver attractive risk-adjusted returns
“When I look at what's going on in that market right now, it strikes me as pretty competitive and not really a great place to find attractive risk adjusted returns.”
Herb WagnerSep 22, 2025▶ 27:16Herb Wagner – Opportunistic Value at Finepoint Capital (EP.460)
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Disclosure
Wagner: Finepoint buys Asian derivatives at 80% discount due to pod shorting
“So we actually have recently found a derivative in an Asian market That we're buying for 10 to 20% of what we think it's worth, so 80 to 90% discount, and it's solely the result of the fact that there's a market in Asia that has such a large demand to be short…”
Herb WagnerSep 22, 2025▶ 57:23Herb Wagner – Opportunistic Value at Finepoint Capital (EP.460)
Insight
Wagner: Cheap value investing fails because tech disruption accelerates business decline
“One of the reasons that value investors have underperformed in the last 10 years is that
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Herb WagnerSep 22, 2025▶ 22:46Herb Wagner – Opportunistic Value at Finepoint Capital (EP.460)
Insight
Wagner: The Japanese government is the country's biggest activist investor
“The government, I tell people, is the biggest activist investor in Japan.”
Herb WagnerSep 22, 2025▶ 41:42Herb Wagner – Opportunistic Value at Finepoint Capital (EP.460)
AssertionContradicted
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“I'd never been able to exactly quantify this number. I think over 90% of the market is passively managed. There's very, very few fundamental bottoms up investors in Japan.”
Herb WagnerSep 22, 2025▶ 43:22Herb Wagner – Opportunistic Value at Finepoint Capital (EP.460)
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