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Andrew Redleaf

Co-Founder of Deephaven Capital Management

Sep 17, 2026

speaker_7ADVERTISER
25:11
Find fall your way at Ross.
25:17
Between coupon clippers, people that are interested in cash flow and taking in cash flow, and what I would call security resellers, people that own things that they intend to sell to somebody in the future at a higher price.
25:41
There are successful coupon clippers and there are successful securities resellers and they tend to make their money off of the unsuccessful people in the other class.
25:58
We try to be, I think sort of investing is about clipping coupons, about getting about getting cash flow and controlling cash flow, but there are good resellers.
26:18
I think reselling is an element of things like venture capital.
26:22
The best venture capitalists don't just have great ideas or whatever, but they take an idea, They advance it a little bit and then they sex it up and promote it and have a good sense for what the public will buy and they get a nice valuation from the public.
26:48
I think that's at least as much a distinguishing feature between good venture capitalists among each other than the quality of their ideas.

37 MINS LATER

speaker_10UNKNOWN
63:51
I was wondering how you feel

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