TIVP026: The Intrinsic Value Portfolio: Mid-Year Review w/ Daniel Mahncke & Shawn O’Malley
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 29 June 2025
⏱️ 101 minutes
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| 0:00.0 | And for one, you know, these are unhealthly strong business models. |
| 0:03.5 | They are asset light, they're easy to scale and with ample room for expansion. |
| 0:08.0 | And another reason is that the ones we own have come down and, you know, price and valuation a lot |
| 0:13.7 | due to concerns about the possible disruption of their business model. |
| 0:17.6 | And that's why I see the next big narrative in our portfolio alphabet Adobe and Uber all those are companies that trade at low or reasonable |
| 0:25.7 | prices because of megatrans like AI or AVs and they are supposed to have their |
| 0:31.4 | business model and for all three companies we argue as you've heard in this episode |
| 0:35.3 | that in fact they are beneficiaries of these |
| 0:38.0 | megatrends or in alphabet's case, at least not in as much danger as the market currently |
| 0:43.7 | believes. |
| 0:49.7 | Hey guys. Today we are doing a special type of episode. Rather than break down a new company and have one of us pitch it to the other like we usually do, this week we'll take some time to discuss our current portfolio and reflect on what has changed, if anything, since we first looked at those companies. So we'll give a short pitch on each company we |
| 1:12.9 | own, explain why we added the position, and discuss whether we are still convinced by the |
| 1:19.2 | opportunity. I think this will be particularly interesting for the positions that I added to the |
| 1:24.1 | portfolio before Daniel joined this show as a co-hosts and had the chance to give me pushback on those ideas. |
| 1:31.3 | So now Daniel is going to give me some feedback and tell me where I went wrong in my original thinking. |
| 1:38.3 | And jokes aside, since the show has been running for about half a year, we have covered 25 companies pretty in-depth. |
| 1:46.1 | And that's a pretty cool thing. And it just makes sense to revisit those names and provide some updates and |
| 1:52.5 | specifically pay some extra attention to the companies that we hold in our portfolio. |
| 1:57.8 | And of course, we also want to talk about the broader strategy of the portfolio |
| 2:02.8 | that we're building. How do we think about position sizing, especially as a portfolio |
| 2:07.6 | starts to fill up? And what type of investments do we want to look for? What is our investment |
| 2:12.9 | criteria? What are our expected returns? Are we looking at compounders, value plays, |
... |
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