TIP374: Mastermind Q3 2021 W/ Tobias Carlisle

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 29 August 2021

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In today's episode, Stig Brodersen speaks to Tobias Carlisle about why Alibaba and US homebuilders are where you can find value in today’s market.

IN THIS EPISODE, YOU'LL LEARN:

(00:01:47) Why does Tobias Carlisle see value in PulteGroup and homebuilders
(00:09:14) Understanding boom and bust cycle of PulteGroup
(00:11:23) What is true inflation?
(00:13:30) The impact of inflation has on how Stig invests
(00:32:24) Why value ETFs are often focused on the US or international and not global
(00:34:56) Why Stig is finding value in Alibaba
(00:38:46) Which price did Charlie Munger, Mohnish Pabrai, and Guy Spier buy Alibaba at?
(00:40:39) An overview of Alibaba's business model and business units
(00:46:41) What is the impact of regulatory changes on Alibaba?
(00:48:12) The rationale that the Chinese government had for the recent crackdown
(00:48:58) Difference between the US and Chinese legislation for big tech
(00:51:54) How to value the unprofitable part of Alibaba and Google's business
(00:57:54) Understanding Alibaba's ecosystem

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES:

Mastermind Discussion Q2 2021.
Stig's masterclass in inflation interview with Cullen Roche
The original Alibaba mastermind discussion from Q1 2019.
Our FREE stock analysis resource, Intrinsic Value Index
Subscribe to our FREE Intrinsic Value Assessments
Tobias Carlisle's podcast, The Acquires Podcast
Tobias Carlisle's ETF, ZIG
Tobias Carlisle's ETF, Deep
Tobias Carlisle's book, The Acquirer's Multiple – read reviews of this book
Tobias Carlisle's Acquirer's Multiple stock screener: AcquirersMultiple.com
Tweet directly to Tobias Carlisle
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Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TIP.
0:02.4	On today's show, I invited expert value investors Tobias Kailal.
0:06.1	In the first part of the episode, we talk about the value that Tobias sees in homebillars,
0:11.0	and we also talk about what we think the true inflation is and how it has changed our investment strategy.
0:16.7	In the second part of the discussion, I'm pitching at a Baba.
0:20.0	This is a stock that Charlie Monkert, Ronny's Popeye, and Guy Spear have recently bought,
0:24.3	and since then, the stock has dropped like a rock.
0:27.5	Is this a fall in life or is this a major value opportunity?
0:30.9	You don't want to miss out on this mastermind discussion.
0:33.7	So without further delay, let's hop to it.
0:40.4	You are listening to THE Investors Podcast,
0:43.3	where we study the financial markets and read the books that influence self-made
0:47.2	billionaires the most. We keep you informed and prepared for the unexpected.
1:01.0	Welcome to THE Investors Podcast. I'm your host, Stig Brodison, and I am
1:05.6	sort of here for the mastermind meeting if I can call it like that.
1:09.0	So Preston isn't here because Preston is doing all this thing with Bitcoin, so he hasn't been a part
1:14.2	of the group here for the past two times now. Harry had a last-minute family emergency, and so
1:19.6	if you can call Toby and me, the mastermind group, what do you think Toby? Can we call the
1:23.2	mastermind group meeting just you and I? I think we should call the mastermind group, but we should
1:29.0	just point out it's just a two-fist. Right. But we're still doing the same format, like we both
1:34.5	had a pick repair, something we wanted to talk about, and then perhaps we had something afterwards.
1:39.3	We had a chance now, have time to chat about now without Preston, Harry, taking off all the talking.
	...

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