{"podcast":{"title":"The Synopsis","slug":"the-synopsis-6505916","podcast_index_feed_id":6505916,"rss_url":"https://feeds.libsyn.com/481071/rss","website_url":"https://sites.libsyn.com/481071","image_url":"https://static.libsyn.com/p/assets/5/2/d/7/52d76b8b82d0390516c3140a3186d450/The_Synopsis_Podcast_Logo-20260225-5hcpjhqhg8.png","author":"Drew Cohen","episode_count":140,"summary":"In this podcast we share our insights from hundreds of hours of investment research and various topics Drew Cohen has covered on his YouTube Channel and Five Minute Money Newsletter. Most business podcasts are superficial and assume their listeners are unsophisticated. In contrast, The Synopsis trusts listeners are interested in learning about complex, business-specific issues, and want to know the deep details. We approach investing from the perspective of business owners, instead of Wall Street Commentators. Drew Cohen is an investment manager, registered investment advisor, and founder of Speedwell Research, which produces in-depth research reports for hedge funds and asset managers. Speedwell Research spends hundreds of hours researching public businesses and I share my insights in various episodes. Start listening today to become a better analyst, investor and business-person.","last_synced_at":"2026-07-23T22:19:12.092819+00:00","page_url":"https://stenobird.com/podcast/the-synopsis-6505916"},"episode":{"title":"Interview. Hedge Fund Manager's Top Investments with Hayden Capital's Fred Liu","slug":"interview-hedge-fund-manager-s-top-investments-with-hayden-capital-s-fred-liu","published_at":"2026-04-23T20:30:00+00:00","page_url":"https://stenobird.com/podcast/the-synopsis-6505916/interview-hedge-fund-manager-s-top-investments-with-hayden-capital-s-fred-liu","show_page_url":"https://stenobird.com/podcast/the-synopsis-6505916","url":"https://5f85ab06-2c89-4625-a5f9-f4b3a3300053.libsyn.com/interview-hedge-fund-managers-top-investments-with-hayden-capitals-fred-liu","audio_url":"https://traffic.libsyn.com/secure/5f85ab06-2c89-4625-a5f9-f4b3a3300053/Interview._2Fred_Liu_Podcast_Version.mp3?dest-id=4092573","summary":"In this insightful interview I spoke with Hedge Fund Manager of Hayden Capital, Fred Liu. We talked about his investment philosophy of \"emerging compounders\" and how he likes to concentrate in a few stocks. We also talk about a few of his investments including Sea Limited and AppLovin. *~*~*~*~* Get access to all of Speedwell Research's in-depth Research Reports here. If you need help getting Speedwell added as an approved research vendor for your investment firm, please reach out to info@speedwellresearch.com -*-*-*-*-*-*-*-*-*-*- Show Notes (0:00) — Intro (0:43) — Fred Liu's Investment Philosophy (2:39) — Looking for Owner-Operators (4:49) — Why Fred Liu Concentrates His Portfolio (8:29) — Thoughts on Trimming Winners (16:03) — Investing in Rational Capital Allocators (19:15) — What Fred Liu Saw in Sea Limited and Shopee in 2018 (32:38) — Why Amazon Isn't Successful Globally & How Pinduoduo Took Over Alibaba (44:49) — Why Fred Liu Exited Pinduoduo (46:48) — Expectations With Sea Limited (51:48) — Shopee's Strategy in Brazil Compared to Mercado Libre (58:22) — AppLovin Investment Thesis (1:05:07) — Expectations for AppLovin Going Forward (1:09:15) — AppLovin's Risks (1:11:49) — Where You Can Find Fred Liu -*-*-*-*-*-*-*-*-*-*- Become a Speedwell Member here to gain access to *all* of our in-depth research reports and more! Sign up for Speedwell's free newsletter and weekly memos here AlphaSense has a repository of over 200k expert call transcripts that are similar to this conversation. Sign-up for access here . *~*~*~*~* Follow Us: Twitter: @Speedwell_LLC Threads: @speedwell_research Email us at info@speedwellresearch.com for any questions, comments, or feedback. -*-*-*-*-*-*-*-*-*-*- Disclaimer Nothing in this podcast is investment advice nor should be construed as s…","meta_description":"In this insightful interview I spoke with Hedge Fund Manager of Hayden Capital, Fred Liu. We talked about his investment philosophy of \"emerging compounde…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4427,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-synopsis-6505916/episodes/interview-hedge-fund-manager-s-top-investments-with-hayden-capital-s-fred-liu/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-synopsis-6505916/interview-hedge-fund-manager-s-top-investments-with-hayden-capital-s-fred-liu.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}