Allbirds' brazen move, Saudi’s abandoning LIV golf and Bryce’s investing strategy explained

This episode of Equity Mates Investing Podcast dives into two wildly contrasting stories: Allbirds' dramatic pivot from sustainable footwear to AI infrastructure under the new name NewBird AI, and Saudi Arabia's apparent retreat from its high-profile LIV Golf league. The hosts, Bryce and Ren, dissect the absurdity of Allbirds' 548% stock surge after selling all its assets and rebranding with no existing infrastructure, drawing parallels to historical market bubbles like Long Island Ice Tea's rebranding to Long Blockchain. They contrast this with LIV Golf's financial struggles—burning $130 million monthly despite strong in-person attendance in certain markets—highlighting the disconnect between live viewership and TV audiences, and the growing discontent among top golfers like Brooks Koepka and Bryson DeChambeau. The episode then shifts to Bryce’s personal investing framework, where he outlines a structured three-part process for his satellite portfolio: evaluating companies on product quality, profitability moats, and capital allocation; classifying stocks by type (compounder, turnaround, etc.) to inform position sizing; and implementing a seven-day cooling-off period before investing. He emphasizes the importance of written theses, transparency with his wife Harriet, and using discounted cash flow models as tools—not gospel—while acknowledging the limits of forecasting in a world of surprises. The hosts conclude with a call for listener engagement on publishing these investment notes publicly.