We Study Billionaires - The Investor’s Podcast Network TIP323: Mastermind Discussion 4Q 2020 (Business Podcast)
Nov 15, 2020
Toby Carlisle, a value investor known for his deep value strategies, joins Hari Ramachandra, an insightful blogger focused on the Indian market. They dive into stock picks, discussing the intrinsic values of companies like Diamond Hill, Oracle, and Footlocker. The duo analyzes the volatile landscape of Bitcoin and its investment potential while debating gold's stability. They also explore Reliance Industries' growth prospects in India and examine how retail dynamics impact brands like Nike, shedding light on effective investment strategies.
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Diamond Hill's Intrinsic Value
- Diamond Hill Capital Management, a value investing firm, is undervalued due to the current market downturn.
- Their assets under management and performance are expected to improve with a value investing resurgence.
Headwinds for Value Investing
- Value investing firms like Diamond Hill face headwinds like low interest rates and the rise of passive investing.
- High expense ratios compared to passive funds make it harder to outperform in a low-yield environment.
Focus on Intrinsic Value
- Focus on intrinsic value calculations based on yield, growth, and return on invested capital, regardless of stock price.
- Value portfolios currently offer higher yields and growth potential than major indexes.
