Tobias Carlisle, a value investor and founder of Acquirers Funds, discusses his bullish stance on VeriSign, emphasizing its stable revenue despite competitive pressures. Shawn O'Malley analyzes Ulta Beauty's market strategies, highlighting its appeal to younger consumers amidst competition from brands like Sephora. Meanwhile, Stig Brodersen presents LIFCO as a serial acquirer with a promising outlook, but warns of its high valuation. The trio dives into the complexities of investing, advocating for meticulous stock selection and market understanding.

On today’s episode, Clay sits down with Shawn O’Malley to provide an update on the banking crisis. For months, many have said that the Fed will continue hiking interest rates until “something breaks”. Shawn breaks down why it feels like the Fed broke something, and what it means for investors.Shawn is the chief editor and writer of our daily financial markets and investing newsletter. He aims to bring a value investor’s perspective to understanding current events.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro00:07:18 - What led to the recent bank failures of Silvergate, Silicon Valley Bank, and Signature.000:16:03 - How the Federal Reserve responded to prevent a collapse of the banking system.00:18:07 - How each crisis is setting a precedent and making impacts in the crises that proceed it.00:30:19 - Why Credit Suisse was forced to sell to UBS for pennies on the dollar.00:33:27 - What the recent drop in treasury yields means for markets.00:46:43 - How investors can prepare themselves for this difficult economic environment.00:52:05 - How investors should view money market funds in light of recent events.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Follow Shawn on Twitter. Tune into our previous episode covering The Joys of Compounding. Check out our recent episode covering Mark Leonard's Letters and Constellation Software. Follow Clay on Twitter. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORSSupport our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Meyka Sound Advisory Industrious Range Rover iFlex Stretch Studios Briggs & Riley Public American Express USPS Shopify HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fmSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In this discussion, Shawn O'Malley, an expert in financial history and bear markets, analyzes historic stock market downturns. He reveals the significance of studying past markets, especially the differences between the bear markets of 1921 and 1932. The podcast highlights how these events shaped today's financial practices and the role of the Federal Reserve. O'Malley discusses the causes behind the 1929 crash, the evolution of the stock market, and why investors should see bear markets as opportunities to uncover undervalued stocks.

Shawn O'Malley discusses key takeaways from 'The Intelligent Investor' by Benjamin Graham, emphasizing the importance of common sense over high IQ in investing, applying margin of safety, calculating intrinsic value, and leveraging mood swings of Mr. Market. The book's timeless principles highlight disciplined and rational investing, distinguishing between speculation and investment.

Shawn O'Malley discusses insights from Warren Buffett's Essays including Munger's influence, Berkshire's success factors, valuation principles, Buffett's views on gold and index funds. They explore risk in investing, company valuation, Buffett's no-dividend policy, and his character traits that stand out.

Bill Ackman, a legendary investor, known for his bold strategies and polarizing track record, talks with commentator Shawn O'Malley. They dive into Ackman's career beginnings and the tumultuous highs and lows he faced, including infamous feuds, like his rivalry with Carl Icahn. Ackman reveals insights on major trades, the Herbalife controversy, and why he sought a Wendy's spin-off. Current portfolio updates and future ambitions, including a potential IPO, round out this fascinating journey through high-stakes investing.

Shawn O'Malley, an investment expert, delves into the wisdom of Howard Marks, a legendary Wall Street investor known for his insightful memos. The discussion covers Marks's evolution in investment philosophy over 30 years, with a focus on risk management and long-term returns. They dissect how the 2008 financial crisis shaped investing strategies and highlight critical market calls. O'Malley emphasizes the importance of emotional control, recognizing market cycles, and the dangers of complacency, providing valuable lessons for contemporary investors.

Shawn O'Malley, an expert in Quality Investing strategies, shares insights on how to identify outstanding companies for long-term ownership. He distinguishes Quality Investing from value investing by emphasizing a buy-and-hold approach. O'Malley discusses the critical role of pricing power in top-tier companies and explores Chuck Akre's unique three-legged stool framework. The conversation reveals Jim Collins' research on enduring firms and Chris Mayer's methods for uncovering potential 100-to-1 stocks, making a compelling case for viewing quality investing as an art.

Michael Mauboussin, author of 'More Than You Know,' teams up with Shawn O'Malley to unpack valuable insights about investment philosophy and market psychology. They discuss how the stock market functions as a complex adaptive system and the significance of having a clear investment process. Delving into the common traits of top investors, they explore how stress and biases can cloud judgment. The duo highlights the effects of innovation on markets and the importance of adapting strategies in the face of changing environments.

Shawn O'Malley, a music industry analyst, dives into the dynamics of Universal Music Group's stock and its advantages over Spotify. He discusses the exciting economics behind music labels, revealing how streaming enhances music rights value. O'Malley shares insights on Universal's unique revenue streams, its strategic positioning in the market, and the impact of AI on music creation. Plus, he examines the current valuation of Universal and touches on its foray into health and wellness initiatives within the music realm.