We Study Billionaires - The Investor’s Podcast Network TIP576: Mastermind Q3 2023 w/ Tobias Carlisle and Hari Ramachandra
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Sep 10, 2023 
Tobias Carlisle is a value investor and the mind behind two deep value ETFs, while Hari Ramachandra brings his intriguing insights on alternative investments to the table. They discuss intriguing stock picks like Constellation Software, Brookfield Corporation, and Winnebago. Tobias shares his bullish outlook on Winnebago, while Hari delves deep into Brookfield's corporate strategies. The conversation also touches on valuation methods, the lessons learned from investment mistakes, and the role of community in fostering growth among investors.
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Brookfield's Impressive Growth
- Brookfield Corporation has a strong track record, returning around 19% annually over the past 20 years.
- Their Assets Under Management (AUM) have grown significantly, reaching around $850 billion.
Brookfield's Cash Flow Potential
- Brookfield Corp. expects to generate $46 billion in accumulated cash flow over the next five years.
- With a $55 billion market cap, this suggests a potentially undervalued opportunity.
Analyzing Stocks and Market Timing
- Analyze stocks when not interested in buying, controlling biases.
- Constellation Software, a high-quality company, often trades at high multiples, requiring patience for attractive entry points.
