Interview #79 : Jordan Lampos (Midway Partners)

Market price does not equal intrinsic value

For this issue we have the pleasure of interviewing Jordan Lampos, Founder and Investment Manager of Midway Partners Capital Management.

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Read the last two editions with Diego Milano (Quercus Fund) and Laurence Hulse (Onward Opportunities Ltd) ➡️

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Hi Jordan, thanks so much for taking the time out to do this interview. 

Can you please tell readers about your background, and how you got involved in investing?

I came to professional investing via a circuitous route.  I worked at Duff & Phelps for about a decade in their investment banking division.  Duff & Phelps (now Kroll Securities) is probably the largest independent valuation company in the world. 

While I was focused mostly on M&A transactions, I was exposed to all types of complex valuation work for both private and public companies.  When I decided to launch the investment management business after leaving Duff & Phelps, I used the valuation concepts and techniques I learned as the foundation for Midway Partners’ intrinsic valuation approach. 

So, while not a direct path to investing through other funds or investment companies, having a background steeped in fundamental intrinsic valuation was a great proving ground for our style of investing.