My First Million

What Stock Would Warren Buffett Buy If He Started Over In 2024?

83 snips
Feb 12, 2024
Dive into the world of stock picking with a lively debate on two hot picks: TKO, representing the booming combat sports industry, and Ferrari, a symbol of luxury and exclusivity. Discover why understanding a brand's heritage matters and how the financial landscapes of sports and luxury intertwine. The hosts also explore the allure of monopolies in tech investments and share humorous insights, making this discussion both informative and entertaining. Get ready for an engaging exploration of branding and investment strategies!
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ADVICE

Buffett's Investment Strategy

  • Buy brands, not just stocks, focusing on companies you understand.
  • Prioritize durable businesses with long-term potential over short-term price fluctuations.
INSIGHT

Universal Appeal of Fighting

  • TKO (WWE & UFC) benefits from the universal appeal of fighting.
  • This simplicity transcends cultural barriers, making it a globally understood product.
ANECDOTE

High LTV of UFC Fans

  • Sam Parr spends significant money on UFC, demonstrating high customer lifetime value.
  • He buys five pay-per-views annually, an ESPN subscription, and attends live events.
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