00:00 Introduction to Non Consensus Investing

00:28 Welcoming Giuliano and SoFi Discussion

01:28 Giuliano's Background and CompassPoint

04:52 Deep Dive into SoFi's Business Model

13:08 Valuation and Accounting of Personal Loans

17:57 Fair Value Accounting and Market Comparisons

39:16 Credit Performance and Default Rates

43:43 Impact of Management Assumptions on Earnings

47:44 Earnings and Revenue Quality Analysis

49:18 Tech Business Potential and Challenges

51:14 NBA Sponsorship and Marketing Strategy

54:33 Mortgage Servicing Rights Explained

54:51 Mr. Cooper Group: A Deep Dive

01:04:23 SoFi's Loan Quality and Growth Strategy

01:23:57 Life as an Analyst: Insights and Challenges

01:30:16 Conclusion and Final Thoughts

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NCI: SoFi: House of Cards OR Future of Finance?