In this episode of InDaloop, we’re kicking off a new season with a new voice. Thomas Li, CEO of Daloopa, is joined by his new co-host David Rynecki, founder of Blue Heron Research Partners. David brings decades of experience in investigative diligence, helping investors evaluate leadership teams and cultural dynamics behind the numbers.

Together, they unpack the unraveling story of UnitedHealth—from management shake-ups and regulatory probes to questionable Medicare strategy and margin collapse. With special guest Keith Epstein, head of healthcare coverage at Blue Heron, this episode blends qualitative and quantitative insights to help investors understand what really went wrong—and what to watch for next.

For more information on Daloopa, please visit www.daloopa.com

For more information on Blue Heron Research Partners, please visit: https://www.blueheronrp.com/

In this episode, Thomas Li and Josh Burwick break down the recent market turmoil sparked by tariff announcements and their far-reaching implications on inflation, trade deficits, and corporate strategies. They dive into the complexities of tariff calculations, the ripple effects on the dollar, and how businesses are adjusting their pricing and guidance in the face of uncertainty. With hedge funds navigating this volatile environment using advanced risk models, they discuss how tariffs are impacting sectors differently and the future of trade relations. Tune in for a candid conversation on how companies and investors are adapting to a rapidly changing global landscape

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:

• Why tariffs are more complex than they seem
• How supply chain shifts aren't as simple as “moving the factory”
• The hidden modeling risks for analysts
• Why guidance revisions and multiple compression may just be beginning
• And how Daloopa’s data helps analysts better quantify what’s next

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With market volatility rising and uncertainty reigning, this is a must-listen for anyone trying to model through the noise.

In this episode of InDaloop, host Thomas Li welcomes Jerry Diao, also known as Richard Toad, an experienced equity research analyst and blogger. They dive into the world of sell-side research, discussing Jerry's career journey from an actuary to a prominent figure in equity analysis. Jerry shares invaluable insights on what it takes to succeed in the sell-side landscape, emphasizing the importance of relationship-building, resilience, and the ability to tell compelling stories. The conversation explores how analysts can differentiate themselves in a crowded market, the significance of understanding market narratives, and how effective communication can lead to greater success. Tune in for a mix of career advice and professional storytelling that can elevate your understanding of the investment research field.

For more on Richard Toad visit: https://www.richardtoad.com/

For more on Daloopa visit: www.daloopa.com

In this episode of the Indaloop podcast, host Thomas Li welcomes Abdullah Al Rezwan, the author of MBI Deep Dives. They delve into Abdullah's unique approach to selecting companies for his deep dives, emphasizing the importance of building a watch list and understanding business models over rigid screening processes. Abdullah shares insights into the traits of successful companies, particularly focusing on secular winners like Sherwin-Williams, and discusses how a company’s ability to adapt and maintain strong customer relationships is vital for long-term success. The conversation highlights the nuances of investing, the relevance of subscription models, and the significance of consistently delivering value to customers.

For more on MBI Deep Dives visit - https://mbideepdives.substack.com/

For more on Daloopa and to set up a free account visit - Daloopa.com

In this episode of the InDaloop Podcast, host Thomas Li welcomes Edwin Dorsey, founder of The Bear Cave, to discuss the often-overlooked world of short selling. Edwin shares his unique insights into the art of shorting stocks, highlighting how he identifies companies that mislead investors or harm customers. They explore the motivations behind short selling, the challenges faced by activist short sellers, and the importance of investigative journalism in finance. Tune in as they delve into strategies for uncovering market inefficiencies and the ethical considerations that come with exposing problematic businesses.

To subscribe to The Bear Cave visit: https://thebearcave.substack.com/

For more on Daloopa visit: www.daloopa.com

In this episode of InDaloop, Thomas Li addresses common questions from buy-side analysts about maximizing efficiency during earnings season. He shares actionable strategies for spotting trends, managing data overload, and leveraging Daloopa's tools to streamline model updates, ensuring analysts can focus on insights rather than manual tasks.

In this episode, Thomas Li sits down with Ravee Mehta, founder and CIO of Nishkama Capital LLC, to explore the unique strategies that have shaped his approach to investing. From understanding behavioral biases and developing an “empathetic edge” to balancing risk and reward in a dynamic portfolio, Ravee shares valuable insights from his years in the hedge fund world. Whether you're a seasoned analyst or an aspiring PM, this conversation offers a rare look into the mindset behind building a successful investment fund. Don't miss these actionable tips on navigating today’s market complexities!

This podcast is provided for general market commentary and educational information purposes only. This communication is not an offer or solicitation with respect to the purchase or sale of any security including any security of any fund or account that Nishkama Capital LLC manages or offers. The information contained herein includes or is based upon various assumptions and opinions concerning various matters, the accuracy of which cannot be assured. Any such opinions or assumptions provided herein are subject to change without notice.