Tariffs, Pricing, and HIMSS Valuation

In this episode of Hims House, Jonathan Stern and Patrick Lester are joined by Raul Shah, the owner of DocShah Financial. They discuss Raul’s article on Hims, referencing Christopher Mayer's book 100-Baggers. They delve into the factors that may allow Hims to become an extremely valuable company over the next 10 years, tackling bear theses about the stock, such as "no moat", customer acquisition costs, and potential legal risks. The discussion also covers the critical importance of hiring a chief technology officer to advance Hims' AI ambitions. Finally, Raul shares his long-term valuation outlook for Hims, emphasizing the distinction between stock price and valuation.

00:00 Introduction

01:05 Raul Shah's Background and Investment Journey

03:25 What Makes a 100-Bagger?

07:16 Addressing Bear Theses and Market Perspectives

21:21 The Importance of a Chief Technology Officer

25:59 Hims x Apple

27:26 News Round-Up

39:26 Price Targets vs. Valuation