In this episode, we are joined by Adam Seessel. Adam is the founder and managing member of of Gravity Capital Management, a firm in New York.

Prior to starting Gravity, Adam worked for Sanford C. Bernstein, Baron Capital and Davis Selected Advisors.

Since beginning a record of stock market performance while at Davis Fund in the mid 2000s, Adam has beaten the S&P 500 index after fees.

He's also a regular contributor to both Barrons and Fortune magazines and is the author of the very enjoyable book 'Where the Money Is'.

Adam is a value investor who synthesises old-school financial principles – so, return on capital, dominating your market, moats, free cash flow etc. - with new economy principles.