Savneet Singh - The Berkshire of Software - [Invest Like the Best, EP.79]

My guest this week is another in a recent series of people that makes me want to work harder, learn more, and do more for others. His name is Savneet Singh, and he has already accomplished a remarkable amount in the worlds of business and investing. He’s preferred to keep a bit of a low profile, but I’m hoping, for everyone’s sake, to change that a little bit. Savneet has invested in unique things like Spanish real estate, famous startups like Uber, cryptocurrencies before they were cool, and even websites. He founded and built a fintech company. And now, he both a partner at the wide-ranging investment firm CoVenture, with my previous guest Ali Hamed, and the co-founder of Tera Holdings, which is trying to become the Berkshire Hathaway of software companies. To say this conversation is wide-ranging is an understatement. What’s neat is that my favorite parts aren’t even on investing, but are instead on principles for living.                                                                                                     Savneet is one of the best people I’ve met in this journey. I’ve had several other conversations with him with shockingly low overlap with the one you are about to hear—a testament to his active and curious mind. I hope you enjoy learning from him as much as I have. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Links Referenced Ali Hamed podcast episolde The VERY simple bear case for bitcoin Owl Mountain Books Referenced Buffett: The Making of an American Capitalist The Gorilla Game: Picking Winners in High Technology   Show Notes 2:30 – (First Question) – How Savneet started thinking about Spanish real estate. 4:29 – Why Airbnb could be the most impactful and interesting of the companies like this 5:25 – Savneet’s early entrepreneurial ventures 6:42 – His big investing influences     7:02 – Buffett: The Making of an American Capitalist  7:40 – What did Savneet learn in his two years on the sell-side of Wall Street  8:50 – How the financial crisis impacted Savneet  10:11 – The entrepreneurial journey and GBI  11:40 – Savneet’s observations on the FinTech space and investing in it  16:22 – His thoughts on venture capital style investing  18:36 – Transition out of GBI into his partnership with Ali Hamed  22:13 – The impactful things that his parents did for him  23:23 – How Savneet thinks about justice in his life  26:19 – Why value investing struck a chord with Savneet   28:14 – Defining the proper long-term mindset when starting a company  31:21 – Knowing what he knows now, what does he think about Berkshire today  33:22 – The strategy behind Terra and how it came together 35:00 – His checklist for deciding to invest in a firm 41:38 – Why does Savneet think this is the space he wants to remain in for the long-term 44:39 – How they are thinking about pricing a company they invest in 47:03 – Lessons learned in sales and marketing that he can and will bring to the software world 52:05 – What Savneet has learned from Constellation 59:08 – What lessons has Savneet learned about taxes in their company structure 1:02:13 – How they think about capital sourcing 1:05:08 – His balanced view on crypto as an asset class 1:05:18 – The VERY simple bear case for bitcoin 1:09:45 – Savneet shares the Sikh philosophy with Patrick 1:13:21 – A look at Owl Mountain 1:15:59 – The Gorilla Game: Picking Winners in High Technology 1:16:42 – Any other areas that people are underestimating 1:17:22 – Kindest thing anyone has done for Savneet Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag