TIP675: Best Quality Stock Idea Q4 2024 w/ Clay Finck & Kyle Grieve

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 15 November 2024

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q4 2024. This quarter, they discuss Mastercard. Mastercard is a well-known company in the world of quality investors. Since its IPO in 2006, the stock has compounded at north of 30% per year. Alongside Visa, Mastercard operates in a duopolistic industry which enables them to continue to grow for long time periods with little capital investment. The company is also held in many superinvestors portfolios, including Chuck Akre, Dev Kantesaria, Warren Buffett, Francois Rochon, Guy Spier, and Tom Russo — many of which have been featured on our podcast. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:06 - An overview of Mastercard’s business model and what happens when we make everyday payments. 09:51 - Why Fintech companies aren’t a threat to Mastercard and Visa. 14:44 - Why Mastercard and Visa have one of the strongest moats in the world. 44:32 - The potential risks of investing in Mastercard. 57:30 - Our thoughts on Mastercard’s valuation. 01:08:36 - Our updated thoughts on Evolution AB. 01:19:15 - TIP’s next event in Omaha for our TIP Mastermind Community. And so much more! 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. Books mentioned: The Pay Off. Related Episode TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve. Related Episode TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve. Related Episode TIP652: Best Quality Idea Q3 2024 w/ Clay Finck & Kyle Grieve. Episode Mentioned: TIP281: Intrinsic Value Assessment Of Mastercard w/ Sean Stannard-Stockton. Follow Kyle on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes 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 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 7-Eleven Toyota Connect Invest Bluehost TastyTrade The Bitcoin Way Public Fundrise American Express Onramp Miro Facet SimpleMining ReMarkable Vanta Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! 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 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. On today's episode, my co-host Kyle Greve and I give an overview of our
0:06.7	best quality stock idea for Q4, 2024. This quarter, we discuss MasterCard. MasterCard is a well-known
0:13.7	company in the world of quality investors. Since its IPO in 2006, the stock is compounded at
0:19.4	north of 30% per year. Alongside Visa, MasterCard operates
0:23.9	in a duopolyistic industry, which enables them to continue to grow for long periods of time
0:28.6	with little capital investment. The company is also held in many superinvestor portfolios,
0:34.1	including Chuck Ockrey, DevContessaria, Warren Buffett, Francois Rochon, Guy Speer, and
0:40.0	Tom Russo, many of which have been featured on our show. During this episode, Kyle and I give
0:45.3	an overview of MasterCard's business model, and what happens when we make an everyday digital
0:49.7	payment, why MasterCard and Visa have one of the strongest moats in the world, why fintech companies
0:55.1	aren't a threat to MasterCard and Visa, the potential risks, investing in MasterCard, and
1:00.2	our thoughts on the valuation, and why we sold our position in Evolution AB, which we covered
1:05.3	in Q1 of this year.
1:07.3	At the end of the episode, we also discussed the events we're hosting for our TIP
1:11.1	Mastermind community in Omaha during the Berkshire weekend in May of 2025. With that,
1:16.7	let's dive right into today's episode on MasterCard. Celebrating 10 years and more than 150 million
1:26.8	downloads.
1:30.5	You are listening to the Investors Podcast Network.
1:34.1	Since 2014, we studied the financial markets and read the books that influence self-made billionaires the most.
1:38.0	We keep you informed and prepared for the unexpected.
1:41.5	Now, for your hosts, Clay Fink and Kyle Greve.
1:50.7	Welcome to the Investors podcast. I'm your host, Clay Fink, and today I'm joined by my co-host,
	...

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