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You can’t model what you don’t understand

Episode Intro:

In this episode, Thomas Li welcomes back investor and portfolio manager Josh Burwick to unpack the renewed focus on tariffs following Trump’s declaration of April 2nd as “Liberation Day.” They explore why tariffs hit companies unevenly—especially those in autos and IT hardware—and how uncertainty around supply chains, manufacturing shifts, and geopolitical exposure is sending shockwaves through the market.

Josh shares first-hand experience navigating tariffs as a former CFO, while Thomas breaks down why traditional models aren’t built to account for geographic revenue or fixed asset exposure—and why that needs to change fast. The conversation covers:

29minutes

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