We Study Billionaires - The Investor’s Podcast Network TIP352: Mastermind Q2 2021
Jun 6, 2021
Tobias Carlisle, a value investor and portfolio manager, joins Hari Ramachandra, a savvy technology investor, for a riveting discussion on market insights. They debate the merits of investing in gold miners amid inflation concerns and analyze the contrasting stances on Splunk Technologies. The duo dives into the explosive growth of social commerce and its implications for traditional e-commerce giants like Pinduoduo, highlighting how consumer habits differ globally. Their friendly rivalry leads to invaluable investment strategies and predictions for the tech landscape.
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Buffett on Inflation
- Warren Buffett's candid discussion about inflation at the Berkshire Hathaway Annual Meeting was a key takeaway.
- His comments, based on observations across his diversified businesses, served as a warning about rising prices.
Berkshire and Inflation
- Stig Brodersen noted that Berkshire Hathaway, his largest equity position, has significant capital expenditures.
- This raises concerns about the impact of inflation on the company's equipment and future cash flows.
Bottom-Up Approach
- Tobias Carlisle's investment approach is primarily systematic and bottom-up, focusing on individual companies rather than macro predictions.
- While acknowledging the current inflationary environment, he emphasizes that his portfolio construction isn't driven by macro forecasts.
