We Study Billionaires - The Investor’s Podcast Network

TIP681: Mastermind Q4, 2024 w/ Stig Brodersen, Tobias Carlisle, and Hari Ramachandra

39 snips
Dec 8, 2024
Stig Brodersen, an investment expert, alongside Hari Ramachandra, an insightful investor and blogger from BitsBusiness.com, and Tobias Carlisle, dive into market dynamics. They discuss Warren Buffett's $300 billion cash pile and explore stock picks like Occidental Petroleum and Alpha Metallurgical Resources. Hari champions Occidental for its strong positioning in the energy sector, while Toby highlights the value potential in metallurgical coal. They also tackle challenges in value investing and the complexities of the gaming industry, providing a wealth of strategic insights.
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INSIGHT

Buffett's Cash Pile and Market Conditions

  • The Shiller PE ratio, at 38, suggests expensive valuations, similar to 2021, with lower predicted forward returns.
  • This, combined with government spending-driven GDP growth and a long yield curve inversion, could explain Buffett's cash accumulation.
INSIGHT

Evolution AB: The House of the House

  • Stig Brodersen pitches Evolution AB, a gambling supplier, likening it to "the house of the house."
  • It profits from gamblers' losses on platforms like FanDuel, taking 10-15%.
INSIGHT

Value Investing Echo Chamber

  • Stig Brodersen observes a lack of nuanced discussion within the value investing community regarding Evolution AB's Asian market.
  • He points out most Western investors are unaware of its biggest market (Asia) and game (Baccarat), despite being "experts."
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