My First Million

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

Feb 12, 2024

58:24

Snipd AI

The guests in this podcast, Shaan Puri and Sam Parr, engage in the first annual MFM Stock-a-palooza and share their top stock picks. They discuss the importance of buying brands over stocks, and Shaan presents his stock pick TKO, along with the risks involved. Sam's pick is Ferrari, emphasizing the ultimate brand play of exclusivity. They also explore the downsides of these choices and discuss Lamborghini's revenge.

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Quick takeaways

TKO, a holding company that owns WWE and UFC, demonstrates a massive economic moat and consistent dominance in the combat sports market.

Ferrari's remarkable profitability, exclusivity, and strong brand loyalty make it an enticing investment opportunity.

The UFC has untapped potential for growth in global markets, such as Africa, India, and China, through expansion and streaming deals.

Deep dives

Stocka Palooza: Investing in Combat Sports

The podcast episode introduces Stocka Palooza, a conference-style episode where the hosts present their stock picks. They discuss the five criteria Warren Buffett looks for in a stock: understandability, economic moat, competent management, margin of safety, and strong financials. One host picks TKO, a holding company that owns WWE and UFC, citing their domination of the combat sports market, global popularity, and potential for media rights deals. The other host picks Ferrari, highlighting its exclusivity, high profit margins per unit, strong brand, and phenomenal demand, including a lengthy waitlist. Both stocks are presented as potentially high-reward picks, but with different investment rationales.

The principles of Warren Buffett's investment strategy

01:26

Invest in Stocka Palooza 2024

01:13

Maximize Podcast Exposure and Audience Engagement

01:24

Introduction

3min

The Importance of Subscribing and Determining Success

12min

Comparing the Financial Structures of F1 and UFC and the Resistance of UFC to AI

3min

Risks and Potential of UFC Business

16min

Enzo Ferrari: From Race Car Driver to Car Maker

15min

Exploring Italian Stereotypes and Cultural Experiences

2min

The Story of Lamborghini and Ferrari

5min

Episode 549: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) bring you the first annual MFM Stock-a-palooza. Sam and Shaan go head-to-head with their #1 stock picks.

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Show Notes:

(0:00) Intro

(3:00) Rules of Stock-a-palooza

(7:30) 5 reasons to buy brands not stocks

(9:30) Shaan's stock pick: TKO

(18:30) But the risks...

(21:00) Forecast: Rising micro tide

(27:30) Sam's rule: Numbers be damned

(29:00) LVMH model

(33:00) Sam's pick: Ferrari