Eli Manning comes by to talk investing, should you buy the Reddit IPO, Warren Buffett's new letter
Feb 28, 2024
01:45:49
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Former New York Giants quarterback Eli Manning talks investing with BVG, Warren Buffett's annual letter is discussed, Reddit IPO, Berkshire's performance, tech stock insights, ARM Holdings' debut, entertainment industry struggles, and a mystery chart analysis.
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Quick takeaways
Eli Manning explores private equity post-retirement, embracing new challenges and partnerships in finance.
Athletes venture into business, blurring sports and entrepreneurship boundaries, investing in diverse industries.
College athletes earning from name, image, and likeness supported for financial fairness and responsibility.
Sports betting rise boosts engagement across sports, expanding reach beyond team loyalty.
Warner Brothers Discovery faces financial challenges with declining revenue, subscriber loss, and underwhelming segment performance.
Deep dives
Eli Manning's Transition to Private Equity
Eli Manning transitions to private equity post-football career, embracing new challenges and learning the business, showcasing enthusiasm for his new ventures and partnerships.
Athletes Involvement in Business and Investments
Athletes increasingly venture into business, forging brands and investing in diverse industries, blurring the lines between sports and entrepreneurship, with a surge in athletes exploring business opportunities.
Influence of College Athlete Name, Image, and Likeness (NIL)
The shift towards college athletes earning from their name, image, and likeness is supported, ensuring fairness in financial opportunities for student-athletes while emphasizing responsibilities tied to loyalty and decision-making.
Trends in Sports Betting and Its Impact
The rise of sports betting intertwines with increased engagement and viewership across various sports, expanding reach and interest in leagues beyond individual team loyalty, fostering a deeper connection and understanding of sports dynamics.
Overview of Warner Brothers Discovery's Performance
Warner Brothers Discovery's shares tumbled after reporting a 7% decline in sales, notably impacted by a 12% drop in advertising revenue and an 18% decrease in film and TV studios revenue. Despite modest growth in their direct-to-consumer segment, losing almost 3 million subscribers, the profitability pales in comparison to previous HBO earnings.
Challenges Faced by Warner Brothers Discovery
The financial challenges faced by Warner Brothers Discovery include declining revenue across major segments, cost reductions leading to decreased production output, and underwhelming direct-to-consumer business performance. This has led to reduced subscriber counts and financial stress, impacting stock performance and market perception.
Potential Acquisitions and Strategic Shifts
Paramount is reported to be in talks for acquisition by a private equity group, potentially signaling a strategic shift in focus or ownership. Paramount's established content library could offer significant value in a potential transaction, while broader market dynamics emphasize the importance of adapting to changing industry landscapes.
Investment Opportunity in Charles Schwab
Charles Schwab emerges as an attractive investment opportunity due to its stable business model, market-leading position, and fair valuation. With a history spanning over 50 years, Schwab's financial strength and market presence align with the characteristics favored by notable investors like Warren Buffett, suggesting long-term growth potential.
Shake Shack's Growth and Investment Potential
Shake Shack demonstrates strong growth with continuous store openings and revenue exceeding a billion-dollar annual run rate. Despite stock price volatility, sustained revenue growth and profitability underscore its potential for a 20% increase in valuation. The company's expansion and solid financial performance position it as a promising long-term investment.
On this TCAF Tuesday, Michael Batnick and Downtown Josh Brown are joined by Eli Manning and Drew Sheinman! Listen to Michael's dreams come true in real time as he sits across the table from his hero, plus hear all about Eli's foray into finance with BVG! Then, at 45:27 hear a new episode of What Are Your Thoughts with Josh, Michael, and special guest Aaron Dillon! They discuss Berkshire's annual letter, Reddit's IPO, the streaming malaise, and much more!
Thanks to Rocket Money for sponsoring this episode! Cancel your unwanted subscriptions by going to: https://rocketmoney.com/compound
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