TIP557: MASTERMIND Q2 2023
W/ TOBIAS CARLISLE AND HARI RAMACHANDRA
03 June 2023
Stig speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he added Teqnion as the newest addition to his portfolio. Hari’s pick, Palantir, has recently traded at a 52-week high after a preceding 80% drop, and Tobias pitches Virtu Financial, a value stock with strong cash flows in uncertain times.
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IN THIS EPISODE, YOU’LL LEARN:
- The group’s takeaways from the Berkshire Hathaway shareholder’s meeting
- Why Hari is bullish on Palantir (Ticker: PLTR)
- Why Toby is bull on Virtual Financial (Ticker: VIRT) as a trade but not as a “buy-and-hold.”
- Why Stig has invested in Teqnion (Ticker: TEQ) as one of the five stocks he owns
- Which questions to ask management if you get the opportunity
- What the TIP Mastermind Community is and our plans to meet up in NYC in October
TRANSCRIPT
Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
[00:00:03] Stig Brodersen: As tradition would have it, it’s time for the Q2 2023 mastermind meeting where each member will present a stock to the group. Tobias Carlisle said it well when he pointed out that we all chose a stock that represented us well. Hari picked a tech stock, Tobias a deep value stock trading at a very appealing multiple and me, I’m pitching a Swedish microcap compounder and it’s the only new stock I’ve bought so far in 2023 that brings my portfolio to five individual stocks.
[00:00:33] Stig Brodersen: Also, make sure to stick around for the end where I dial in my co-host Clay Finck for more information about our mastermind community and the upcoming live event in New York City. The stock investing discussions with Tobi and Hari here on the podcast are always very popular and Clay wanted to facilitate the opportunity for you to be a part of a like-minded group online and in person.
[00:00:57] Intro: You are listening to The Investor’s Podcast, where we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.
[00:01:17] Stig Brodersen: Welcome to The Investor’s Podcast. I’m your host Stig Brodersen and this is the Q2 2023 mastermind meeting and as always, I’m here with Hari and Tobi.
[00:01:27] Tobias Carlisle: Hi Stig, good to see you. Good to see you Hari.
[00:01:29] Hari Ramachandra: Hey, good to see you Tobi and Stig. Great to be here back after the Berkshire annual meeting.
[00:01:35] Stig Brodersen: Yeah, it was. It was good seeing both of you. Any takeaways from the meeting that you want to share?
[00:01:40] Tobias Carlisle: Oh, just that they are a couple studs.
[00:01:42] Hari Ramachandra: Yeah, go ahead, Tobi.
[00:01:43] Tobias Carlisle: That was it. You go Hari, I’ll color it in at the end.
[00:01:46] Hari Ramachandra: I think for me, I got my son this time, he’s turning 13 soon. So that was a lot of fun hanging around with him. And I was surprised that Buffett and Munger were able to keep him interested in four hours and he sat too. I mean that would happen never with me, at least at home.
[00:02:05] Hari Ramachandra: And that, for me, the takeaway was the 90 year olds are still energetic kicking and going. That’s amazing to see and how they’re in the intervention video they played, how many times the succession plan has come up in the last two decades and that was kind of funny to see that and these guys are still going strong.
[00:02:27] Hari Ramachandra: And also, I can clearly see that, Ajit and Greg’s work kind of on the stage and we can see the transition happening as well. But I think for me, one interesting observation from the meeting was there was a question about United States and its dominance and dollar as it is of currency. Munger, I know is usually bit skeptical or pessimistic about it, and Buffett is usually the cheerleader who would immediately rebuttal or disagree with Munger and then talk about American exceptionalism.
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BOOKS AND RESOURCES
- Join the waiting list for the TIP Mastermind Community.
- Stig Brodersen’s interview with Daniel Zhang, the Chief Acquisition Officer of Teqnion
- Daniel Zhang’s book, An investment thinking toolbox – read reviews of the book.
- Listen to Mastermind Discussion Q1 2023 – TIP528 or watch the video.
- Listen to Mastermind Discussion Q1 2022 – TIP418 or watch the video.
- Listen to Mastermind Discussion Q2 2022 – TIP450 or watch the video.
- Listen to Mastermind Discussion Q3 2022 – TIP475 or watch the video.
- Listen to Mastermind Discussion Q4 2022 – TIP496 or watch the video.
- Tune in to Stig Brodersen’s interview with Mohnish Pabrai about the Turkish stock market or watch the video.
- Tune in to Clay Finck’s interview with Chris Mayer about Constellation Software and 100-baggers or watch the video.
- Teqnion’s investor relations
- Our FREE stock analysis resource, Intrinsic Value Index.
- Subscribe to our FREE Intrinsic Value Assessments.
- Tobias Carlisle’s podcast, The Acquires Podcast.
- Tobias Carlisle’s ETF, ZIG.
- Tobias Carlisle’s ETF, Deep.
- Tobias Carlisle’s book, The Acquirer’s Multiple – read reviews of this book
- Tobias Carlisle’s Acquirer’s Multiple stock screener: AcquirersMultiple.com.
- Hari’s Blog: BitsBusiness.com
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