TIP299: Mastermind Discussion 2Q 2020 (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Investing, Education, Business

4.6 • 3.6K Ratings

🗓️ 30 May 2020

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show Preston and Stig are Joined with Tobias Carlisle and Hari Ramachandra to pitch their favorite stock picks for the 2nd quarter of 2020. IN THIS EPISODE, YOU'LL LEARN: What is the intrinsic value of Berkshire Hathaway? What is the intrinsic value of Markel? What is the competitive advantage of eBay and what is the intrinsic value? Why Spotify might be undervalued at a $30B valuation even though it’s not making any money ·Ask The Investors: How are Preston and Stig managing their stock portfolios? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Preston and Stig’s tool for stock selection and determining the momentum of all US stocks and ETFs, TIP Finance. Mastermind Discussion Q1 2020. Preston and Stig’s FREE resource, Intrinsic Value Index. Subscribe to Preston and Stig’s FREE Intrinsic Value Assessments. Database of what super investors’ invest in, Dataroma. Tobias Carlisle’s talk at Google. Tobias Carlisle’s podcast, The Acquires Podcast. Tobias Carlisle’s ETF, ZIG. Tobias Carlisle’s book, The Acquirer's Multiple - read reviews of this book. Tweet directly to Tobias Carlisle. Hari's Blog: BitsBusiness.com. Tweet directly to Hari. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. 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: SimpleMining AnchorWatch Human Rights Foundation Onramp Superhero Leadership Unchained Vanta Shopify 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 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TI-P.
0:02.4	On today's show, we bring back our investing mastermind group for the second quarter of 2020
0:06.8	to talk about our favorite picks in the market. The way the mastermind works is each person brings
0:11.3	an investment idea to the table and the rest of the group helps that person refine their assessment
0:16.2	of risk and opportunities. We also try to determine a good valuation for the pick. So if you're
0:21.1	curious what that process might sound like, these are the perfect episodes for you to listen to.
0:25.2	Tobias Carlow is a deep value investor from Santa Monica, California, and he's the founder of
0:29.6	The Acquire's Fund. Hari Ramachandra is a Silicon Valley executive with lots of experience
0:34.6	in tech and he has a blog called BitsBusiness.com. So without further delay, let's go ahead and dive in.
0:43.9	You are listening to the Investors Podcast where we study the financial markets and read the books
0:49.5	that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.
0:59.8	Hey everyone, welcome to the Investors Podcast. I'm your host Preston Pishin. As always, I'm a
1:08.3	company by my co-host, Stig Broderson. And boy, we're pumped to have our good friends, Toby Carlow,
1:15.2	Hari Ramachandra here with us for our mastermind discussion, second quarter, 2020. And let's just
1:22.5	get this thing rolling. We're going to talk about our stock picks in this crazy, crazy macro
1:29.1	environment. Who wants to go first? You usually go first. Are you willing to go first in this
1:33.8	crazy? Of course, yeah. I love getting mine out of the way so I can get bombs on everybody else's
1:39.0	no. It's been a really uneventful quarter as I'm sure you guys know, we have the first quarter
1:44.9	that lasted about a thousand years because it ended with the market bottoming on March 23.
1:51.0	It's just been straight up since then, unless you hold value stocks, value stocks sort of
1:56.0	they started running and then fall back asleep. And a lot of the value stocks have now got back
2:00.9	close to where they were on March 23. And that includes Berkshire, which I know Hari's going to talk
	...

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