#86 Neeraj Khemlani & Matt Ankrum: The Coffee Can Investor
Eddie sits down with the author Neeraj Khemlani and the investor Matt Ankrum to break down their new book "The Coffee Can Investor". We explore Matt’s strategy of actively passive investing and his search for 100-baggers, as he is building a 5 million dollar coffee can portfolio for his daughters.
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Our conversation with Neeraj Khemlani and Matt Ankrum was recorded on 24 June 2026.
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For more info about the podcast, make sure to follow us on X: https://x.com/IB_Redeye. We love to hear your thoughts, so please rate and review us. And feel free to tell us about great authors, books, and investors. Thank you. /Eddie with team
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Episode Chapters
(00:00) Intro by Eddie
(00:51) Welcoming Neeraj and Matt
(01:09) Matt and Neeraj’s paths to investing
(04:45) Intro to The Coffee Can Investor
(06:47) How Neeraj and Matt met
(07:40) Defining a coffee can portfolio
(13:19) $5 million coffee can
(14:54) Actively passive investing
(17:11) Criteria for Matt’s coffee can
(18:59) Geographical exposure
(20:12) Matt’s investing process
(24:46) Investing mistakes
(29:01) Diploma – one of the companies in Matt’s coffee can
(35:09) The power of compounding
(39:53) Valuation – how important?
(41:54) 3 more companies in the coffee can
(43:59) Position sizing
(46:31) Trimming or not?
(47:55) B2B vs. B2C
(51:05) Discussing investments in the family
(55:35) Revealing the coffee can
(01:01:25) Matt’s family office – Ankrum Capital
(01:03:45) Risks of coffee can investing
(01:05:07) What Neeraj’s doing when not writing books
(01:06:34) Book recommendations
(01:14:19) A sequel to The Coffee Can Investor?
(01:16:39) Concluding remarks
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Books Mentioned
- The Coffee Can Investor – Neeraj Khemlani
- 100 Baggers – Chris Mayer
- 100 to 1 in the Stock Market – Thomas Phelps
- 7 Powers – Hamilton Helmer
- The Outsiders – William Thorndike
- The Investment Biker – Jim Rogers
- Engines That Move Markets – Alasdair Nairn
- Thinking, Fast and Slow – Daniel Kahneman
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Companies Mentioned
- Fastenal
- Diploma
- Hearst Corporation
- Disney
- ESPN
- Fitch
- Kobalt Music
- Alibaba
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More on Neeraj Khemlani and Matt Ankrum
- Neeraj on LinkedIn: https://www.linkedin.com/in/neeraj-khemlani-05478b4/
- Matt on LinkedIn: https://www.linkedin.com/in/matthew-ankrum-cfa-06602213/
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About the Podcast
Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books
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What is Investing by the Books?
Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.
Visit the website: http://www.investingbythebooks.com/
Follow on Twitter/X: https://twitter.com/Investbythebook
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What is Redeye?
Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.
Visit the website: https://www.redeye.se/
Follow on Twitter/X: https://twitter.com/Redeye_
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Disclaimer
Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se
