TIP610: Mastermind Q1, 2024 w/ Tobias Carlisle and Hari Ramachandra

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 25 February 2024

⏱️ 92 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he is still bullish on Spotify. Hari’s pick, Disney, has recently been extremely volatile, and Tobias pitches Mueller Industries, a value stock trading at an appealing valuation. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 06:25 - Why Hari is bullish on Disney (Ticker: DIS) 12:09 - The bear case of Disney, including increasing competition, valuation, and debt levels 35:33 - Why Stig has invested in Spotify (Ticker: SPOT) as one of the five stocks he owns 48:44 - The bear case for Spotify, including the dependency on Alphabet 58:18 - Why Toby has invested in Mueller Industries (Ticker: MLI) 1:06:46 - The bear case for Mueller Industries, including the end of the building phase and competitive Chinese pressures Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Listen to the Mastermind Discussion Q4 2023 – TIP586 | Youtube video. Tune in to the Mastermind Discussion Q3 2023 – TIP576 | Youtube video. Listen to the Mastermind Discussion Q2 2023 – TIP557 | Youtube video. Tune in to the Mastermind Discussion Q1 2023 – TIP528 | Youtube video. Listen to the Mastermind Discussion Q1 2022 – TIP418 | Youtube video. Tune in to the Mastermind Discussion Q2 2022 – TIP450 | Youtube video. Listen to the Mastermind Discussion Q3 2022 – TIP475 | Youtube video. Tune in to the Mastermind Discussion Q4 2022 – TIP496 | Youtube video. Tobias Carlisle's podcast, The Acquirer's 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. Hari's Blog: BitsBusiness.com. Tweet directly to Hari Ramachandra. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. 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 NetSuite TurboTax Fidelity Linkedin Marketing Solutions Wise Fundrise NDTCO Vacasa NerdWallet BiOptimizers - Nootopia Babbel Efani 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! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to TIP. I always love the quarterly mastermind episodes from my friends and fellow
0:06.1	investors Tobias Kailil and Hariramatandra. The stock I'm pitching today is Spotify, a stock that I own and appears to be competing in a terrible industry but upon closer
0:16.8	inspection it might turn out to be a feature and not a bug. Horace Pick is
0:21.5	Disney a beaten down stock that seems to be making the headlines weekly, but behind the headlines is a very interesting investment case.
0:29.0	And Toby, he pitches Mueller industries as stock trading at single digit multiple earnings, and where there's more than meets the eye.
0:37.0	Let's get to it. Celebrating 10 years. You are listening to the Investors Podcast Network.
0:47.0	Since 2014, we studied the financial markets and read the books that influenced self-made billionaires the most.
0:54.0	We keep you informed and prepared for the unexpected.
0:57.0	Now for your host, Groterson and today I'm here with Tobias Carlisle and Harry Romachandra.
1:16.0	Gents, how are you today?
1:18.0	Good to be here, great to see you guys, Harry Stig.
1:21.0	Hey, thank you Stag for hosting us and good to see you both.
1:25.0	We just chatted here a bit just before we hit record and we had a discussion of should we go straight
1:30.3	to the stocks we're going to Pittitz here today I should talk about the
1:33.5	overall stock market and I know that like as value investors we're supposed
1:37.5	not to think about macro at all and actually Toby you also said that
1:40.5	especially here in 2024 you don't want to think about it.
1:43.5	So I'm still going to put you on the spot and ask you, do you not want to talk about it and
1:47.3	why and why not?
1:49.3	I think that last year was a very good example of macro sort of being probably more of a
1:55.7	hindrance than a help because I thought that all the economic data particularly in
1:59.4	the US was very negative really teetering on the edge of recession or in recession and the
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