

TIP660: Mastermind Q3, 2024 w/ Stig Brodersen, Tobias Carlisle and Hari Ramachandra
Sep 15, 2024
Tobias Carlisle, a value investor and host of The Acquirers Podcast, and Hari Ramachandra, a savvy investor and blogger, dive into intriguing stock picks. Tobias shares his insights on investing in Virtu Financial, discussing its market resilience. Hari pitches Nintendo, highlighting its strategic place in the gaming console cycle. They also debate potential risks and rewards related to their choices, including the impact of market perceptions. The discussion blends analysis with humor, making investing feel accessible and engaging!
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Market Makers and Trading Volume
- Market makers like Virtue Financial profit from trading volume, not market direction.
- Their success depends on high trading activity, not necessarily bull markets.
Virtue Financial's Price Increase
- Tobias Carlisle pitched Virtue Financial in June 2023 at $18, now at $29.
- While the opportunity is not as compelling, it remains a good investment.
Stock Picking Strategy
- Focus on individual company positions, not market predictions.
- Diversify and choose businesses with strong free cash flow and sensible capital allocation.