TIVP045: Robinhood Markets Inc. (HOOD): The World’s Most Innovative Financial Company? w/ Shawn O’Malley & Daniel Mahncke
The Intrinsic Value Podcast - The Investor’s Podcast Network
Valuation Challenges and Modeling Difficulty
Shawn explains the complexity of valuing Robinhood due to volatile transaction-driven cash flows and interest-rate sensitivity.
Shawn & Daniel discuss how Robinhood transformed investing with commission-free trading, overcame controversies, and now aims to become a full-service financial platform through Robinhood Gold.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:40 - How Robinhood disrupted the entire brokerage industry
00:32:05 - How Robinhood can offer commission-free trading
00:05:34 - Why Robinhood Gold may be the financial services equivalent of Amazon Prime
00:46:55 - What makes Robinhood so well-positioned to capitalize on the passing down of wealth from Baby Boomers to Millennials and Gen Z
00:28:10 - How the company is revolutionizing finance again with prediction markets, fractionalized shares, 24/5 trading, stock tokens, crypto, and more
00:50:40 - What to make of Robinhood’s controversial CEO and co-founder, Vlad Tenev
01:30:03 - How to think about modeling HOOD’s intrinsic value
01:38:16 - Whether Shawn and Daniel add HOOD to their Intrinsic Value Portfolio
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- The Investors Podcast Network is excited to debut a new community known as The Intrinsic Value Community for investors to learn, share ideas, network, and join calls with experts: Sign up for the waitlist(!)
- Sign up for The Intrinsic Value Newsletter to track our Portfolio
- Shawn & Daniel use Fiscal.ai for every company they research — use their referral link to get started with a 15% discount!
- How Robinhood revolutionized retail investing (Quartr article)
- Vlad Tenev’s 2025 interview with Barron’s on the future of Robinhood
- Vlad Tenev’s interview describing the Robinhood super app to Ark Invest
- Robinhood’s 2024 Investor Day
- Vlad Tenev’s All-In podcast interview on stock tokenization and the future of fintech
- Derek Pilecki’s interview on We Study Billionaires discussing Robinhood
- Explore our previous Intrinsic Value breakdowns: Paypal, Uber, Nike, Reddit, Amazon, Airbnb, TSMC, Alphabet, Ulta, LVMH, and Madison Square Garden Sports.
- Related books mentioned in the podcast.
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