We Study Billionaires - The Investor’s Podcast Network TIP767: Mastermind Discussion Q4 2025: Sanofi, Remitly & Crocs w/ Stig Brodersen, Tobias Carlisle, and Hari Ramachandra
19 snips
Nov 9, 2025 
Hari Ramachandra, a savvy investor and analyst, advocates for Sanofi, highlighting its promising pipeline in vaccines and immunology. He addresses potential concerns like patent cliffs while touting Sanofi as a defensive play. Tobias Carlisle, a value investor, passionately pitches Crocs, discussing its attractive valuation, strong free cash flow, and the implications of its Hey Dude acquisition. The hosts also delve into Remitly's competitive edge in digital payments and explore the strategic challenges it faces in expanding its services.
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Check CAC Payback And LTV Multiples
- Focus on CAC payback and LTV ratios when evaluating growth-stage fintechs.
- Stig stresses Remitly's <12-month payback and ~6x LTV as core validation for reinvesting in growth.
Regulation Protects Fiat Remittances
- Stablecoins face regulatory and cash-conversion barriers in many recipient countries, preserving demand for fiat-based remittance services.
- Stig argues governments and recipients often require fiat payout, limiting stablecoin disruption today.
On-the-Ground Philippines Research
- Stig described living and researching in the Philippines to explain corridor-specific remittance behavior.
- He emphasized local wallets like GCash and Maya and varied payout preferences across islands.
