Learning the language of investing - David Orr | Senzal Insights

IMPORTANT DISCLAIMER: The views expressed are those of David Orr as of the interview date and are for educational purposes only.

Everything you hear is not investment advice or a recommendation to buy or sell any security. Past performance does not guarantee future results. All investments involve risk, including potential loss of principal.

Securities mentioned are for illustrative purposes and may not reflect current holdings. The fund uses leverage and short selling, which increase risk and volatility.

Consult your financial advisor before making investment decisions. Forward-looking statements involve significant risks and uncertainties. Actual results may differ materially.

Spotify:

David Orr is the Founder, CEO, and Chief Investment Officer of Militia Capital, a United States based hedge fund. With over $200 million in assets under management (AUM), Militia Capital actively manages long/short equity strategy, with a focus on asymmetric risk-reward opportunities and disciplined position sizing.

Known for overseeing more than 300 active positions while maintaining clarity of vision and emotional discipline, David brings a unique blend of fundamental insight, quant awareness, and mental resilience rooted in his background as a competitive poker player.

00:00 Outperforming the Buffett Partnership
04:28 Last quarter & short squeeze
07:40 Quality factor
10:00 Finding good fund managers
14:30 "Riding" factors
16:10 Ideology in investing
27:20 Japan
30:00 Taiwan
36:28 Trumps term
39:20 Ukraine
41:00 Military segment
45:50 Research process
47:30 Russian influence
52:20 Learning the language of investing
01:01:20 Longs vs shorts
01:05:00 Interest rates
01:09:00 Shorting the US market
01:12:00 AI situation: NVDA, MSFT, ORCL, GOOGL, Apple, Meta
01:18:00 Yen carry trade
01:22:30 -40% scenario for S&P 500
01:28:00 Mamdani, New York & Miami
01:31:00 Exiting shorts
01:38:30 Changing beliefs
01:42:00 Lies of Wall Street
01:53:00 Importance of sleep for performance