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In episode 163, we welcome our guest, Albert Meyer. Albert begins with his backstory as an accountant and his time in academia with the ultimate transition to the world of investment management.\nHe then gets into his early days in the investing world and the work he did that eventually became public, to uncover the Ponzi scheme at the Foundation for New Era Philanthropy.\xa0\nMeb then asks Albert what the path looked like when he decided to start his own firm, Bastiat Capital. Albert discusses the evolution from running a research service to having demand for him to manage assets.\nAlbert follows with Bastiat\u2019s investment philosophy, where he dives into his process, looking at company business models, financial statements, corporate governance, and why he gets into the details of items like equity based compensation.\nThe conversation then turns to Bastiat\u2019s portfolio, where Meb asks about portfolio positioning on a high level and where Albert sees opportunities today. Albert discusses positions in things like Microsoft, Google, and Apple, as well as some Chinese stocks. He also explains how through complicated accounting rules, it may actually be easier now than in the past to hide accounting shenanigans.\nAs the conversation winds down, Meb and Albert discuss Albert\u2019s ideas on social security and African development.\nDon\u2019t miss jam-packed episode 163 full of this and more, including some of Albert\u2019s incredible work uncovering some of the most famous financial frauds in modern history.\nLearn more about your ad choices. Visit megaphone.fm/adchoices