We Study Billionaires - The Investor’s Podcast Network TIP528: Mastermind Q1 2023 w/ Tobias Carlisle and Hari Ramachandra
22 snips
Feb 26, 2023 
Join Tobias Carlisle, a value investor and author, and Hari Ramachandra, a market analysis expert, as they dive into investment insights for 2023. Tobias advocates for Amgen, emphasizing its potential in uncertain times. Hari shares his bullish outlook on Disney, discussing its resilience in the competitive streaming market. Stig reveals why he added Spotify to his limited stock portfolio, exploring its evolution from music to a podcast powerhouse. The trio also examines the potential disruptions emerging from AI technology, particularly ChatGPT’s impact on Google.
AI Snips
Chapters
Books
Transcript
Episode notes
Disney's Valuation
- Consider Disney's low free cash flow yield compared to the risk-free rate.
- A lower entry price would be more attractive given current market conditions.
Stig's Spotify Investment
- Stig bought Spotify in June 2020 and sold in January 2021 for a 57% return.
- He bought it again at $78 and it's now $123.
Spotify's Business Model
- Spotify's free tier primarily serves as a conversion tool to premium subscriptions.
- Premium subscribers generate the majority of Spotify's revenue.
