TIP681: Mastermind Q4, 2024 w/ Stig Brodersen, Tobias Carlisle, and Hari Ramachandra
12/08/24 • 88 min
2 Listeners
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 Evolution is one of them. Hari’s pick, Occidental Petroleum, a stock Buffett has recently added to, and Tobias pitches Alpha Metallurgical Resources, a value stock that Mohnish Pabrai has loaded up on.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:34 - What to make of Berkshire’s $300B+ cash pile
33:16 - Stig’s bull case is for Evolution (Ticker on the Swedish Stock Exchange: EVO)
41:03 - The bear case for Evolution, including why their margins will likely decline
44:02 - Why Hari is bullish on Occidental Petroleum (Ticker on NYSE: OXY)
47:44 - The bear case of Occidental Petroleum, including macro headwinds
56:46 - Why Toby has invested in Alpha Metallurgical Resources (Ticker on NYSE: AMR)
1:06:28 - The bear case for Alpha Metallurgical Resources, including the role of China
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 Mastermind Discussion Q3 2024 or watch the video.
- Listen to Mastermind Discussion Q2 2024 or watch the video.
- Tune in to the Mastermind Discussion Q1 2024 or watch the video.
- Listen to Mastermind Discussion Q4 2023 or watch the video.
- Tune in to the Mastermind Discussion Q3 2023 or watch the video.
- Listen to Mastermind Discussion Q2 2023 or watch the video.
- Tune in to Mastermind Discussion Q1 2023 or watch the video.
- Stig Brodersen’s Portfolio and Track record.
- Occidental Petroleum’s 2023 annual report.
- Tobias Carlisle's podcast, The Acquirers 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.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our
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 Evolution is one of them. Hari’s pick, Occidental Petroleum, a stock Buffett has recently added to, and Tobias pitches Alpha Metallurgical Resources, a value stock that Mohnish Pabrai has loaded up on.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:34 - What to make of Berkshire’s $300B+ cash pile
33:16 - Stig’s bull case is for Evolution (Ticker on the Swedish Stock Exchange: EVO)
41:03 - The bear case for Evolution, including why their margins will likely decline
44:02 - Why Hari is bullish on Occidental Petroleum (Ticker on NYSE: OXY)
47:44 - The bear case of Occidental Petroleum, including macro headwinds
56:46 - Why Toby has invested in Alpha Metallurgical Resources (Ticker on NYSE: AMR)
1:06:28 - The bear case for Alpha Metallurgical Resources, including the role of China
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 Mastermind Discussion Q3 2024 or watch the video.
- Listen to Mastermind Discussion Q2 2024 or watch the video.
- Tune in to the Mastermind Discussion Q1 2024 or watch the video.
- Listen to Mastermind Discussion Q4 2023 or watch the video.
- Tune in to the Mastermind Discussion Q3 2023 or watch the video.
- Listen to Mastermind Discussion Q2 2023 or watch the video.
- Tune in to Mastermind Discussion Q1 2023 or watch the video.
- Stig Brodersen’s Portfolio and Track record.
- Occidental Petroleum’s 2023 annual report.
- Tobias Carlisle's podcast, The Acquirers 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.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our
Previous Episode
TIP680: Investing in Exceptional Businesses for the Long Run w/ Dev Kantesaria
On today’s episode, Clay is joined by Dev Kantesaria to discuss the current market environment, the types of investments he is looking for, FICO, S&P Global, and much more.
Dev is the founder and portfolio manager at Valley Forge Capital Management. The firm has been highly successful since its inception in 2007, as it’s outperformed the S&P 500 by a wide margin and has over $4 billion in assets under management.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:46 - Dev’s view on the current market environment and the recent stock market rally.
05:02 - How Valley Forge Capital Management adopted Warren Buffett and Charlie Munger’s investment approach.
09:16 - Why predictability is an essential part of Dev’s investment approach.
11:32 - Why Dev has decided not to invest in any Big Tech companies.
37:11 - Why pricing power is the hallmark of a great business.
53:30 - Why Dev will continue to invest in the US despite optically higher valuations.
56:59 - The reason Dev loves compounding machines that perform share repurchases.
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.
- Check out Valley Forge Capital Management.
- Related Episode: Listen to TIP389: Buffett's Core Principles w/ Dev Kantesaria, or watch the video.
- 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:
Next Episode
BTC212: Jack Mallers on Bitcoin 2025 Expectations and Strike's New Features (Bitcoin Podcast)
Jack Mallers joins to discuss Bitcoin’s evolving landscape, from the potential for strategic reserves to regulatory shifts and exciting advancements in Lightning and Strike’s new working capital feature.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
06:12 - The potential reality of a Bitcoin strategic reserve.
07:38 - Insights into the rumored $2 billion Bitcoin deposit by the U.S. government.
14:36 - What Operation Chokepoint 2.0 could mean for Bitcoin and crypto regulations.
17:55 - How regulatory changes might unfold under a new administration.
19:47 - Details about Strike's new feature enabling Bitcoin as a working capital account.
26:51 - Why integrating Bitcoin savings with fiat spending is becoming seamless.
27:26 - Possibilities of tax-free Bitcoin gains in the U.S.
32:53 - How Wall Street’s perception of Bitcoin is evolving.
35:38 - MicroStrategy's influence on corporate treasury strategies globally.
50:40 - Exciting Lightning Network advancements and their role in bridging crypto and traditional finance.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Seb’s book: The Hidden Cost of Money
- 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?
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
- Check out our Bitcoin Fundamentals 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:
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