Show Notes
On this episode of Chit Chat Stocks, Brett speaks with Jim Gillies from Motley Fool Canada on how to invest in hidden gems in 2026. We discuss:
(00:00) - Introduction
(00:58) - Reviewing Nelnet: Operations, the Huddle stake, and its Berkshire-esque qualities
(06:04) - Investing philosophy: Absolute vs. relative returns and Peter Lynch's portfolio accuracy principle
(10:48) - The impact of gold mining stocks on the TSX index performance
(14:47) - Analyzing Nelnet's dividend growth, cash-flowing assets, and conservative lending
(18:23) - Reviewing RCI Hospitality: Examining a portfolio loser and navigating corporate fraud
(24:27) - Reviewing International Petroleum: The Lundin family, share buybacks, and the Blackrod project
(34:39) - Portfolio strategy: How to manage massive winners and establish allocation limits
(40:02) - Checking in on winners: Re-evaluating Shopify's valuation and growth story
(45:27) - Reviewing Winmark: Franchise cash flows and capital allocation through special dividends
(51:10) - Reviewing TFS Financial: Boring mortgage lending and buying during bank panics
(57:10) - Jim's current watchlist: Auxly Cannabis Group (XLY), accelerating free cash flow
(01:02:31) - A bizarre microcap: Vitreous Glass (VCI), the "management avarice" thesis, and beating the S&P 500
(01:11:03) - Closing words, Dumbledore quotes, and where to follow Jim's work
Hidden Gems Canada: https://www.fool.ca/premium/
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Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.
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