The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network TIP400: Mastermind Q4 2021
Nov 28, 2021
Tobias Carlisle, a seasoned value investor and portfolio manager, and Hari Ramachandra, a tech-savvy investor and blogger, dive into the intricacies of the stock market. Carlisle shares his optimism about undervalued stocks like Lockheed Martin and discusses the pitfalls of angel investing. Ramachandra champions Verizon’s potential amidst the tech surge, emphasizing the importance of a balanced investment approach, while they both dissect GoDaddy's unique position in the tech landscape. Get ready for insights that blend finance with strategy!
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Value in a Pricey Market
- Despite a long value underperformance, high-quality stocks can be found at reasonable prices.
- Lockheed Martin, with its long-term government contracts and consistent growth, exemplifies this.
Lockheed's Monopsony Advantage
- Lockheed Martin benefits from a unique dynamic with the US government, its primary customer.
- While the government is the sole buyer (monopsony), it needs Lockheed Martin healthy, ensuring consistent spending.
Alibaba and GoDaddy
- Stig Brodersen doubled down on Alibaba, now 7% of his portfolio, despite a high greed index.
- He initially viewed GoDaddy as a commoditized domain market, but realized their diverse product suite.
