We Study Billionaires - The Investor’s Podcast Network TIP374: Mastermind Q3 2021 W/ Tobias Carlisle
4 snips
Aug 29, 2021 
Tobias Carlisle, an expert value investor and host of The Acquirers Podcast, dives into intriguing market insights. He discusses why he sees value in U.S. homebuilders like PulteGroup amid their cyclical nature. The conversation shifts to Alibaba, exploring its business model and the impact of recent regulatory changes. Carlisle also examines inflation's deceptive measures and its implications for investment strategies. With a focus on long-term valuation, he breaks down opportunities within Alibaba's ecosystem and the competitive landscape in tech.
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Cyclicality and Homebuilders
- Consider cyclicality when evaluating homebuilders.
- Analyze metrics like gross margins, dividends, and balance sheets alongside market trends.
Inflation and Homebuilders
- Homebuilders are sensitive to interest rates, impacting home prices and affordability.
- Millennials transitioning to homeownership create a secular tailwind for the industry.
True Inflation
- The Consumer Price Index (CPI) is an imperfect measure of inflation, potentially understating it due to hedonic adjustments and exclusions.
- Consider alternative inflation measures and the 10-year yield for a more complete picture.
