July 31, 2025

Inside This Issue


Eye on the Ball

Yaron Naymark, 1 Main Capital

Yaron Naymark of 1 Main Capital describes how he gets to “no” on most of the investment ideas he looks into, why he tends to make highly concentrated bets, how he builds relationships with management, the primary risks he's trying to avoid in today's market, and what he thinks the market is missing in IWG, Dentalcorp, Basic-Fit and MasterCraft Boat.

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Thinking in Absolutes

Eric Cinnamond, Jayme Wiggins, Palm Valley Capital

Palm Valley Capital’s Eric Cinnamond and Jayme Wiggins explain why they're so defensively positioned, the many ways in which they guard against risk, where even in an expensive market they're finding beaten-down stocks, and why specifically they see unrecognized value in Heartland Express, Flowers Foods, Kelly Services and Forrester Research.

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Tracking Error

Evan Tindell, Bireme Capital

Bireme Capital’s Evan Tindell describes the cognitive biases he most often finds leading to stock mispricings, how his time as a professional poker player was great training for being a value investor, why he remains committed to maintaining an active short book (with a new twist), and why he thinks Pinfra, Software Service and Airtel Africa are irrationally priced.

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Uncovering Value: Paycom

Opportunity can knock when a quality business stumbles.
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Editor's Letter

Thoughts on the actual intelligence of artificial intelligence.
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Who's Behind VII?

John Heins, Co-Founder, Editor-in-Chief
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John Heins co-founded Value Investor Media, Inc. in 2004 and since then has served as its President and as the Editor-in-Chief of Value Investor Insight. In 2016 he took on an additional role as a Professor of Value Investing at the University of Alabama and is now the Director of the university's C.T. and Kelley Fitzpatrick Center for Value Investing.