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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: A Rational Approach to Investing w/ Tobias Carlisle

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 7 October 2022

⏱️ 56 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 02:00 - How Tobias ended up becoming a value investor. 07:43 - What investors had a big impact on Tobias’s own development. 32:20 - How inflation impacts his overall thought process for stock investing. 44:03 - Tobias’s thoughts on an appropriate discount rate, and what discount rate Warren Buffett might be using in his valuation process. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Tobias Carlisle’s book The Acquirer’s Multiple. Tobias Carlisle’s book Deep Value. Tobias Carlisle’s book Quantitative Value. The Acquirer’s Podcast. The Acquirer’s Multiple. The Acquirer’s Fund. Related Episode: Deep Value Investing w/ Tobias Carlisle - MI025. Related Episode: Warren Buffett, Charlie Munger, And Berkshire Hathaway w/ Adam Mead - MI084. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Tobias: Website | Twitter | LinkedIn Connect with Clay: Twitter  HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.7

On today's show, we continue to revisit some of my favorite podcast from the past in this

0:08.3

millennial investing rewind.

0:10.1

If you've missed our previous Rewind episodes, we've started to reshare some older episodes

0:15.6

that are my favorites for a few reasons.

0:18.6

One, we get a bunch of new listeners each week, so the new listeners may not have heard

0:23.1

this episode before.

0:24.6

Two, even if you've been listening for a while, you may have missed this episode when

0:29.1

it originally came out.

0:30.9

Or three, even if you've heard it before, it can be a great episode to learn from again.

0:36.3

If you've already heard this episode or you're not interested in hearing it, feel free to

0:40.0

just skip it.

0:40.7

There's no harm in that, and you could pick up with our new episodes next week.

0:44.9

All right, guys, that's all I had for you for this new intro.

0:48.2

Everything going forward is going to be from the original show.

0:51.3

Hope you guys enjoy it.

0:55.7

On today's episode, I sit down to chat with Toby Carlisle. Toby is the founder of the

1:00.4

acquires multiple and the acquires funds, which manages tickers ZIG and D-E-E-P, Zig and Deep.

1:07.7

Toby has extensive experience in investment management, business valuation, public

1:11.9

company governance, and corporate law, and he's also the author of a number of books, including

1:16.4

the acquirers multiple and deep value. Toby is also a part of the mastermind group on TIPS's

1:21.7

flagship show, we study billionaires. During the episode, we chat about what led Toby to become

...

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