Hims House Ep 25 - Raul Shah: Why HIMS Could Be A 100-Bagger
Apr 17, 2025
Raul Shah, the owner of DocShah Financial, discusses his investment insights into Hims & Hers, drawing lessons from Christopher Mayer's book on 100-baggers. He addresses key bear theses, including customer acquisition costs and legal risks, while emphasizing the need for a Chief Technology Officer to drive AI advancements. Raul shares his long-term outlook on Hims, highlighting the difference between stock price and true valuation, and offers a mix of optimism for the company’s future and humorous anecdotes about investor celebrations.
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Baseball Taught Investing Discipline
- Raul Shah compares investing discipline to the mental toughness required in baseball.
- He highlights baseball's high failure rate as a mental training ground for investing.
Traits of 100-Bagger Stocks
- 100-bagger stocks share traits like explosive sales, high gross margins, and strong value propositions.
- Raul observes Hims has similar traits and potential for great long-term growth.
Moats Grow from Value Propositions
- Moats take time to develop and start from providing a superior value proposition.
- Hims presently offers easier, faster, cheaper, and better healthcare, signaling a growing moat.
