In this episode of the Investor Insight Skull Session, Maj Soueidan sits down with Lee Roach, the writer behind the Substack The Value Road, for a wide-ranging conversation on value investing, portfolio discipline, and finding opportunity in overlooked corners of the market.

Lee shares how his path into investing began with a background in history and evolved through early market lessons, personal losses, and a growing interest in deep value opportunities. He discusses how writing has shaped his thinking, why transparency matters to him, and how he approaches portfolio construction with a concentrated, high-conviction mindset.

The conversation explores several areas of Lee’s investment process, including how he sources ideas, sizes positions, and evaluates misunderstood or neglected assets. Lee walks through examples such as Gencore, NLOP, Aliko, and Carparts.com, while also touching on distressed debt, spinoffs, specialty assets, media companies, and potential opportunities tied to deregulation.

Beyond investing, Lee also opens up about his career aspirations, his musical interests, and the personal discipline required to stay patient when investing in unpopular or complex situations.

This episode offers a thoughtful look at how an independent investor builds conviction, manages risk, and searches for value where others may not be looking.

Disclaimer: This podcast is for informational purposes only and should not be considered financial or investment advice. All investments involve risk, and past performance is not indicative of future results.