MI Rewind: The Science of Hitting w/ Alexander Morris

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 6 September 2024

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Clay Finck chats with Alexander Morris about the initial things Alex looks at when analyzing a company, why paying up for quality companies is acceptable for long-term investors, how ROIC plays a role in Alex’s investment decisions, why Alex recently added Spotify to his portfolio, how Alex thinks about Spotify’s valuation and their path to profitability, and much more! Alexander Morris provides high-quality equity research with deep dive company analysis and complete portfolio transparency through his newsletter, The Science of Hitting. Prior to working on his newsletter full-time, Alex was an analyst for an RIA for 10 years. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 03:00 - The initial things Alex looks at when analyzing a company. 08:37 - Why paying up for quality companies is acceptable for long-term investors. 11:33 - How ROIC plays a role in Alex’s investment decisions. 13:58 - What the objective of Alex’s portfolio is. 32:37 - Why Alex recently added Spotify to his portfolio. 35:59 - How Alex thinks about Spotify’s valuation and their path to profitability. 44:38 - The mistakes that Alex has learned over the years. 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. Check out Alex’s Newsletter. Read Sven Carlsson’s book, The Spotify Play. Read Peter Lynch’s book, One Up on Wall Street. Read Peter Lynch’s book, Beating the Street. Read Berkshire’s shareholder letters. Related episode: Listen to MI149: Peter Lynch & GARP Investing w/ Robert Reynolds, or watch the video. Related episode: Listen to MI131: Richer, Wiser, Happier w/ William Green, or watch the video. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 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.
0:02.9	Hey guys, on today's show, I'm resharing a favorite episode from the past.
0:07.1	I'd like to do this because we get a lot of new listeners each week, and they will never
0:11.1	have heard this excellent episode before.
0:13.4	And even if you've been listening for a while, you may have missed it when it first came out,
0:17.9	or you could at least benefit from reviewing some of this episode's
0:21.4	lessons again and reinforcing your learning. If you're not interested in episodes from the past,
0:26.7	there's no hard feelings at all, and you can pick up with us again next week for a brand new
0:31.4	episode. Everything going forward is from the original, and I hope you guys enjoy listening to it
0:36.7	as much as I did.
0:38.3	You know, I'm very happy with the collection of assets that I own there. So I think on a
0:41.5	risk-adjusted basis, it's kind of a ballast in my portfolio and it's something that I expect
0:46.1	to continue to deliver strong results. But as I did here somewhat recently, as I find new ideas
0:51.5	and things that I think are really attractive, It's a place for me to at least
0:54.9	look to source capital. On today's episode, I'm joined by Alex Morris. Alex provides high
1:04.5	quality equity research with deep dive company analysis and complete portfolio transparency
1:09.5	through his newsletter, The Science of Hitting.
1:12.3	Prior to working on his newsletter full-time, Alex was an analyst for a registered investment
1:16.9	advisor for 10 years. During the episode, I chat with Alex about the initial things he looks for
1:22.4	when analyzing a company. Why paying up for a quality company is acceptable for long-term investors. How return on
1:29.4	invested capital plays a role in Alex's investment decisions? Why Alex recently added Spotify to his
1:35.6	portfolio? How he thinks about Spotify's valuation and their path to profitability and much more.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Investor's Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Investor's Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.