We Study Billionaires - The Investor’s Podcast Network TIP400: Mastermind Q4 2021
Nov 28, 2021
Tobias Carlisle, a seasoned value investor and portfolio manager, and Hari Ramachandra, a tech-savvy investor and blogger, dive into the intricacies of the stock market. Carlisle shares his optimism about undervalued stocks like Lockheed Martin and discusses the pitfalls of angel investing. Ramachandra champions Verizon’s potential amidst the tech surge, emphasizing the importance of a balanced investment approach, while they both dissect GoDaddy's unique position in the tech landscape. Get ready for insights that blend finance with strategy!
AI Snips
Chapters
Books
Transcript
Episode notes
Overvalued and Greedy Market
- The Shiller PE ratio, currently near 40, suggests an overvalued market, similar to 1999 levels.
- The CNN Fear and Greed Index also indicates extreme greed, a typical late-bull-market signal.
Silicon Valley Excesses
- In Silicon Valley, widespread startup funding and lavish spending mirror the dot-com era.
- Even indexing approaches to angel and venture investing, neglecting due diligence, are becoming prevalent.
Value in a Pricey Market
- Despite a long value underperformance, high-quality stocks can be found at reasonable prices.
- Lockheed Martin, with its long-term government contracts and consistent growth, exemplifies this.
