TIP302: Investing During COVID-19 & Intrinsic Value Assessment of Intuitive Surgical w/ Arif Karim (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Investing, Education, Business

4.6 • 3.6K Ratings

🗓️ 21 June 2020

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Arif Karim talks about how he has adjusted his portfolio based on the impacts of COVID-19. He provides an intrinsic value pitch for the fascinating medical technology company, Intuitive Surgical. Arif is the senior investment analyst from Ensemble Capital Management. IN THIS EPISODE YOU’LL LEARN: How to manage your portfolio during COVID-19. How to profit from secular trends. How to value a high growth company. What is the intrinsic value of Intuitive Surgical? Ask the Investors: Why is the economy not the stock market? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Arif Karim’s company, Ensemble Capital. Ensemble Capital’s educational blog. Ensemble Capital’s Twitter. 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: River Toyota Fundrise 7-Eleven The Bitcoin Way Onramp Public Vanta ReMarkable Connect Invest SimpleMining Miro Shopify 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 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 TIP.
0:30.0	We're listening to the investors' podcast where we study the financial markets and read the books that influence self-made billionaires the most.
0:50.0	We keep you informed and prepared for the unexpected.
1:01.0	Welcome to the investors' podcast. I'm your host, Dick Brodersen and as always, I'm accompanied by my co-host Preston Pish.
1:09.0	Today's main topic is investing through COVID-19 and in the second part of the interview, Arif is also pitching a stock for us, intuitive surgical, which I think you will find very interesting.
1:22.0	Arif, welcome to our show.
1:25.0	Hey, thanks, Dick, and thank you for having me. I appreciate having a chance to chat with you.
1:29.0	I can't help but kick this episode off by talking about all the volatility that we have experienced, especially since February, but it has been a almost unprecedented time just looking back.
1:41.0	It seems like it's been decades, but it's only been a few months.
1:45.0	I have to ask, how has it been for you and your team to manage a billion dollars?
1:51.0	And then you see the size of that portfolio just plunge and then only to see the market having the largest 50-day trading rally ever.
2:01.0	And now we're close to an all-time high.
2:03.0	Like, can you talk through some of the emotions that you've gone through over the past few months?
2:08.0	It definitely has been an unprecedented time to have pandemic kind of the first in our careers to live through has been really interesting and dramatic.
2:18.0	This pandemic obviously started in China and one of the things that perked up my interest was when I saw after Lunar New Year, you know, second largest economy in the world basically shut itself down.
2:29.0	That was an amazing thing to see.
2:32.0	And while very few were concerned about it here, that got me interested.
2:37.0	Twitter is an amazing platform.
2:39.0	I started following frontline workers in China as the extent they could say anything.
2:44.0	The reports come out of Taiwan and Hong Kong about people hearing things out of China.
2:48.0	Epidemiologists started tweeting about things going on there.
2:51.0	And virologists were interested.
	...

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