Millennial Investing

What It Means to Have Skin in the Game w/ Clay Finck & Kyle Grieve (MI384)

4.3K views · 1y ago · 1:19:08

Guest: Clay Finck

Shawn O’Malley joins Clay Finck and Kyle Grieve to reflect on favorite moments from Millennial Investing, including discussions on William Green and passive investing. Learn how Clay has evolved as an investor at The Investors Podcast Network, Kyle's journey in building his stock portfolio, insights from legendary investors, and updates on our new show, The Intrinsic Value Podcast!

Topics: How Clay has evolved since joining The Investors Podcast · How Kyle built out his portfolio of individual stocks · What it means to have skin in the game as a public personality and investor · How passive investing has changed financial markets · Why Clay and Kyle both choose to be active investors · What has resonated with Clay and Kyle the most from studying legend investors

📚 Book mentioned: Buy the book

Zero to One: Lessons From Peter Thiel w/Shawn O’Malley (MI383)

8.9K views · 1y ago · 47:43

Discover Peter Thiel’s favorite interview question, the distinction between horizontal and vertical progress, the impact of the Tech Bubble on Silicon Valley, his views on monopolies, misconceptions investors have about competition, the relevance of the Pareto Principle to venture capital, and more!

Topics: What Peter Thiel’s favorite interview question is · How Thiel took advantage of the Dot-Com Bubble to scale PayPal · What the difference is between horizontal and vertical progress · Why Thiel thinks that technological progress has stagnated since the 1970s · Which types of monopolies are good for society · How competition destroys profits

📚 Books mentioned: Buy the book · Buy the book · Buy the book

Investment Wisdom: Lessons from Mohnish Pabrai w/ Shawn O’Malley (MI382)

4.5K views · 1y ago · 47:58

Guests: Investment Wisdom, Shawn O’Malley

Shawn O’Malley shares key lessons from billionaire investor Mohnish Pabrai, known as the “Indian Warren Buffett.” Pabrai is a master investor and a close friend of Charlie Munger. Explore key investment concepts, including circling the wagons, major decisions, and insights from legends like Buffett and Graham!

Topics: Which types of stocks you’d want to circle the wagons around · How GEICO changed Benjamin Graham’s perspective on investing · What Pabrai learned from having lunch with Warren Buffett · Why great companies are not always great investments · What it means to be a Dhando Investor · How the Patels built a motel empire across America

📚 Books mentioned: Buy the book · Buy the book

Joel Greenblatt: Behind the Magic Formula w/ Shawn O’Malley (MI381)

5K views · 1y ago · 47:05

Guests: Joel Greenblatt, Shawn O’Malley

Shawn O’Malley shares key takeaways from legendary investor Joel Greenblatt’s lectures at Columbia. Greenblatt is a successful investor, professor, founder of the Value Investor’s Club, and best-selling author on stock investing.

Topics: Why it’s important to condense an investment thesis down to just a few sentences · Why value investing still works and has worked across time · How Joel Greenblatt derived the Magic Formula for investing · Which investments are the rarest but most attractive · How Joel Greenblatt made his biggest investing mistake

📚 Book mentioned: Buy the book

The Best Stocks Hiding In Plain Sight w/Shawn O’Malley (MI380)

4.9K views · 1y ago · 41:54

Learn about hidden compounders, their invisible moats, and why intangible assets matter, plus insights on successful companies and Peter Lynch's preference for boring businesses. IN THIS EPISODE, YOU’LL LEARN Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community.

Topics: What is a hidden compounder, and how to think about their invisible moats · Why Peter Lynch loves boring businesses · What signs to look for in identifying hidden compounders · What the Lindy effect is, and how it relates to hidden compounders · Morgan Stanley’s conclusions on investing in compounders · Why intangible competitive advantages can be the most enduring

John Huber's Philosophy for Long-term Quality Investing w/ Shawn O'malley (MI379)

3.7K views · 1y ago · 48:19

Guest: Shawn O'malley

Shawn O’Malley highlights the advantages of long-term, quality investing through John Huber’s approach, which aligns with Warren Buffett’s principles. Explore Huber's fee structure, long-term investment approach, and the balance of value and quality in assessing companies. Learn about compounding power and the effects of valuation multiples on returns.

Topics: Why John Huber used the Buffett partnership fee structure in his fund · How time-arbitrage gives investors an advantage over time · How to calculate ROIC and why it matters for compounders · How to blend both value and quality as investing styles · What price to pay for the highest-quality businesses · How changes in price-to-earnings multiples can affect returns over time

Martin Whitman: The Aggressive Conservative Investor w/ Shawn O'Malley (MI378)

3K views · 1y ago · 47:25

Guests: Martin Whitman, Shawn O'Malley

Shawn O'Malley (@shawnOMalley) highlights investor Martin Whitman, founder of Third Avenue Management, which peaked at 26 billion dollars in 2006, delivering average annual returns of 12 percent. Learn about Whitman's unique investing approach, the significance of balance sheets, his "vulture" reputation, profit strategies in bankruptcy, and key legacy takeaways.

Topics: What strategies Whitman used to beat the market averages · How Whitman’s legacy was tarnished by the 2008 Financial Crisis · Why investors should focus on creditworthiness · How to assess earnings power using assets · The case for thinking more like a creditor in stock investing · How different markets have varying degrees of efficiency

📚 Books mentioned: Buy the book · Buy the book

The Corporate Life Cycle: Lessons From Aswath Damodaran w/ Shawn O’malley (MI377)

1.4K views · 1y ago · 49:01

Guest: Shawn O’malley

Shawn O’Malley examines the corporate life cycle, the inevitability of decline, and investment strategies, referencing insights from Aswath Damodaran and Morgan Stanley's recent research. Aswath Damodaran, NYU finance professor, published a book on corporate life cycles. Shawn uses his insights and case studies of Intel, Walgreens, and Starbucks to highlight their impact on investors.

Topics: Why companies age · What the corporate life cycle looks like · How companies can age gracefully (and why most don’t) · Investing strategies based on the corporate life cycle

📚 Books mentioned: Buy the book · Buy the book

The Innovator’s Dilemma: Capitalizing on Disruptive Innovation w/ Shawn O’Malley (MI376)

1.7K views · 1y ago · 44:50

Guest: Shawn O’Malley

Shawn O’Malley discusses company failures from Clayton Christensen’s 1997 book, The Innovator’s Dilemma, which is deemed essential reading by The Economist. Christensen, a renowned academic and author of "The Innovator’s Dilemma," explored how disruptive innovations change industries. This episode covers the impact of these technologies, differences from sustaining innovations, and strategies for companies to prepare for their rise.

Topics: What is a disruptive innovation, and how differs from sustaining innovations · How the “paradox” of innovation impacts industry leaders · Why even the best of the best companies aren’t immune to disruptive innovation · How Tesla disrupted the automotive industry · How Honda stumbled into disruptive innovation in the U.S. market · Why the fast-paced hard-drive industry is such a good case study on innovation

📚 Book mentioned: The Innovator

The Alchemy of Finance: George Soros's Investing Approach w/ Shawn O’Malley (MI375)

7K views · 2y ago · 47:23

Guest: Shawn O’Malley

Shawn O’Malley discusses George Soros’s The Alchemy of Finance. Soros, known for breaking the Bank of England with his short bets on the pound, leads one of Wall Street's top hedge funds and has mentored many successful investors.

Topics: What it was like for George Soros growing up in Nazi-occupied Hungary · How Soros went from immigrant to hedge fund titan · What is reflexivity, and how did Soros use it · Why markets are a place to test hypothesis · Why Soros thinks free markets have shortcomings · What value investors miss about reflexivity and stock prices

📚 Books mentioned: Buy the book · Buy the book

Fortune’s Formula: Make Favorable Bets on the Stock Market w/ Shawn O’Malley (MI374)

3K views · 2y ago · 49:50

Guests: Fortune’s Formula, Shawn O’Malley

Shawn O’Malley discusses a formula used by top investors to beat the market averages by maximizing wealth over time. You’ll learn about the Kelly formula, its origins at Bell Labs, how Ed Thorpe used it in Las Vegas, successful investors who have used it, defining an "edge" in investing, controversies, and why it's not widely known.

Topics: How to define and use the Kelly formula · Why the Kelly formula is helpful · Why there are limits to the Kelly formula · How Ed Thorpe beat the dealer and the markets with the Kelly formula · What it means to have an edge in markets · Why the Kelly formula is controversial

📚 Books mentioned: Buy the book · Buy the book · Buy the book

Monster Beverage: Valuing the Best Stock of the Last Three Decades w/Shawn O’Malley (MI373)

1.7K views · 2y ago · 40:10

Guest: Monster Beverage

Shawn O’Malley discusses Monster Beverage, a top-performing stock in recent decades. Learn about Monster's history, its impact on the beverage market, stock performance, competition, partnership with Coca-Cola, valuation, and more!

Topics: How Monster Beverage got its start almost a century ago · Why Monster has delivered such exceptional returns · What investors can learn from doing a case study on Monster · Which challenges could weigh on Monster the most going forward · Whether Shawn thinks the stock offers good value today

Disney's Magic Kingdom: Valuing Disney w/ Shawn O’Malley (MI372)

705 views · 2y ago · 51:07

Guests: Disney's Magic Kingdom, Shawn O’Malley

Shawn O’Malley will be breaking down the Magic Kingdom company Disney. You’ll learn about why recognition value is important to Disney, why hit movies are just the start of Disney's sales funnel, Disney's flywheel supporting its businesses, the outlook for Disney’s streaming efforts, Covid's impact on the company, Bob Iger's return, Disney’s financials, valuation, and more!

Topics: How Disney relies on recognition value at the top of its sales funnel · What to understand about the flywheel of Disney’s businesses · How Disney’s streaming business is doing · Why Covid was so challenging for Disney · What makes ESPN so profitable · Why Disney’s famed ex-CEO Bob Iger returned to the company

📚 Books mentioned: Buy the book · Buy the book

The Case for Alibaba w/ Daniel Mahncke (MI371)

2.5K views · 2y ago · 52:23

Guest: Daniel Mahncke

Shawn O’Malley and stock investor Daniel Mahncke discuss Alibaba, the world's largest online retailer. You’ll learn about Alibaba’s business segments, impact of Chinese regulations, investor trust in Chinese regulators, Alibaba’s profits, recent business slowdown, and Alibaba's potential valuation.

Topics: Which segments drive Alibaba’s business the most · Why the Chinese government cracked down on tech companies · Why investors have soured generally on Chinese stocks · How Covid disrupted Alibaba’s operations · What is the outlook for Alibaba’s profitability · How to value Alibaba

The Company Behind The S&P 500: Valuing S&P Global w/ Daniel Mahncke (MI370)

3.6K views · 2y ago · 43:12

Guest: Daniel Mahncke

Shawn O’Malley and stock investor Daniel Mahncke discuss S&P Global, the company behind the S&P 500 index. You’ll learn about the five different business units at S&P Global, the company's strong position in credit ratings and indices, the impact of its merger with IHS Markit, past allegations, current valuation, and more!

Topics: How S&P Global was formed and which business units are most important today · What credit ratings are and why they matter to companies · How S&P Global provides data to participants throughout financial markets · What was S&P Global’s role in the Great Financial Crisis · Why the company is so attractive to investors · What risks undermine S&P Global’s future returns

📚 Book mentioned: Buy the book