Mark Mulhern (Manu Invests) on Autonomous Taxis and the Buying Opportunity in Uber

The Compound and Friends

Josh Brown

Business News, News, Investing, Business

4.7 • 2.2K Ratings

🗓️ 2 February 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Live From The Compound, Josh Brown sits down with Mark Mulhern (aka Manu Invests), creator of the bestselling Substack Fundamentally Sound, to break down the long-term bull case for Uber. They dive into the rise of autonomous taxis, Wall Street’s estimates for the robotaxi market, and what Tesla, Uber, and Waymo are saying about the size of the opportunity. The conversation also explores Uber’s stock performance around major AV announcements and why partnerships not owning the tech may be Uber’s biggest advantage. Plus: Uber’s expanding autonomous network, the Lucid + Nvidia deal, and why Bill Ackman took notice of Manu’s Uber thesis. If you’re interested in autonomous vehicles, Uber stock, and the future of transportation, this episode is for you. Fundamentally Sound Substack: https://manuinvests.substack.com/ This episode is sponsored by Teucrium. Find out more at https://teucrium.com/agricultural-commodity-etfs Sign up for ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Compound Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and never miss out! Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://instagram.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's show is sponsored by Tukriam. Looking to diversify your portfolio beyond stocks and bonds?
0:23.6	Commodities are getting more and more attention as we enter 2026.
0:27.6	Tukriam's agricultural ETFs offer a way to access the futures prices of essential crops.
0:34.3	These funds may help manage inflation risk and add diversification to your portfolio.
0:39.5	Ask your financial advisor or explore Tukrium E-T-Fs on your own. Visit Tukrium.com. That's T-E-U-C-R-I-U-M.
0:51.0	Click the link in the show notes for more.
0:55.2	Yep. It's your boy.com. Click the link and the show notes for more. Yep.
0:57.2	It's your boy.
0:58.5	Downtown Josh Brown.
0:59.7	I'm back for a new edition of Live from the Compound.
1:03.0	We have a first time guest with us.
1:04.8	I'm so excited to chop it up with Mark Mulhern, better known as Manu Invests, to his audience.
1:11.9	Mark is the creator of one of the best-selling substacks in the category right now.
1:18.8	It's called Fundamentally Sound.
1:20.6	He has a degree in economics and finance.
1:22.4	And after a decade in the industry, Mark now serves as the executive director of a nonprofit. He bridges the
1:29.7	gap between high-level financial analysis and the everyday investor with a mission to make
1:34.4	research approachable and actionable for everyone. Mark, welcome to the show. Thanks, Josh. Thanks
1:40.5	for reaching out. I'm super excited to be here. Big fan of the show. Awesome.
2:02.5	Super excited to be part of it. All right. Is that a couch behind you with like a little throw blanket? What's going on there? All right. Listen, I got the wife too involved. She overthought it, you know. She thought it should look crumbled up. No, I like it. It looks nonchalant, but like, all right. It's an office slash slash guest bedroom.
2:03.2	All right.
2:02.5	Before we get into the topic of the show today, It looks nonchalant, but like, all right. It's an office slash slash guest bedroom.
	...

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