The Intrinsic Value Podcast - The Inv...

Presented by The Investors Podcast Network with over 10 million downloads — home to the popular We Study Billionaires podcast, The Intrinsic Value Podcast is a new show focused on breaking down businesses, estimating their intrinsic value per share, and deciding whether they should be added to an ongoing portfolio of stocks built out each week. From assessing the monopoly power of Google to determining the fair value of publicly-traded sports franchises, no topics is off limits in the pursuit of understanding as many different businesses as possible and putting together the ultimate long-term stock portfolio.


Every week, The Intrinsic Value Podcast will you help get smarter about business, valuation, and investing — don’t miss out on the journey!

Business
Investing
Education
301
MI Rewind: Masterclass on Building an Online Co...
Robert Leonard chats with Jacques Hopkins about his journey as an entrepreneur, how he dealt with failure and applied the lessons he learned to his present business, where to start when building an online course, how to build an audience without an existing following, how to use YouTube and an evergreen funnel, and much, much more!
76 min
302
MI243: Investing In Latin America w/ Ian Bezek
Rebecca Hotsko chats with Ian Bezek. In this episode, they discuss what’s behind the recent strength in some Latin American countries’ equities markets, does Ian see these trends persisting, the pros and cons of investing in broadly diversified emerging market (EM) ETFs versus country specific ones, why is the Brazilian ETF paying over a 12% dividend yield, and is this sustainable, how to choose country specific EM ETFs, what to look for, the risks of investing in this market, why Ian likes investing in less glamorous industries such as infrastructure, food, beverages and banks, Ian shares some of his long term hold stock picks in the defensive sector that offer solid dividends, the strength in the US dollar, which companies is it hurting the most and who is benefiting, his thoughts on bank stocks and their resiliency if the economic picture gets worse, and much, much more!
46 min
303
MI242: The Rent vs Buy Decision w/ Joseph Hogue
Rebecca Hotsko chats with Joseph Hogue. In this episode they discuss how to decide if you should rent or buy a home, how to think this through in 2022’s high interest rate environment, the pros and cons of renting vs buying a home, what are all the financial costs to consider in the rent vs buy decision, what the BURL rule is and how it can help with the rent vs buy decision, what are some other non-financial factors to help inform the decision to rent vs buy, the challenges of buying a home in this high interest rate environment, how low do interest rates have to fall before it makes economic sense to buy a home, how to decide if you should go with a variable or fixed mortgage rate in this environment, Joseph’s top 3 dividend stock picks that can help you pay your rent, why Joseph likes REITs and how they typically perform in this environment, and so much more!
40 min
304
REI153: 1300 Units in 21 Months w/ Sultan of St...
Robert chats with the Sultan of Storage about his journey into real estate investing from the corporate world and all things self-storage.
42 min
305
MI Rewind: Socially Responsible & ESG Investing...
Robert Leonard chats with Brendan Erne about socially responsible investing, sometimes referred to as ESG investing (Environmental, Social and Governance), why these new portfolios are needed, how investors can align their portfolios with their values, and much, much more!
46 min
306
MI241: The Acquirer’s Multiple Strategy w/ Tobi...
Rebecca Hotsko chats with Tobias Carlisle. In this episode they discuss Warren Buffett’s strategy of “buying down wonderful companies at a fair price” (aka the Magic Formula), and how it has performed relative to the market, what the Acquirer's Multiple Investing strategy is, and how it has actually performed better than the Magic Formula, why enterprise value is more useful than market cap to value stocks, how mean reversion works, what companies and financial metrics typically exhibit mean reversion, the benefits of the Acquirer's multiple strategy vs Warren Buffett value investing strategy, how to implement this strategy and use the Acquirer's multiple stock screener, and so much more!
53 min
307
REI152: NFL'er Has Time For Real Estate, So Do ...
Robert chats with Devon Kennard about life in the NFL and how he is using his salary to ensure financial freedom through real estate investing. They also discuss tips on time management and productivity, how a policeman inspired him to begin investing in real estate, what his plans are for life after the NFL, and much more!
52 min
308
MI Rewind: Options Trading w/ Priyeshwar Sodhii...
Robert Leonard chats with Priyeshwar Sodhii and Chris Naugle about all things related to options trading.
59 min
309
MI240: What to Expect from the Fed w/ Danielle ...
Rebecca Hotsko chats with Danielle DiMartino Booth. In this episode, they discuss how many more rate hikes Danielle expects from the Federal Reserve, her thoughts on if we will see sustained higher interest rates and inflation for longer, will the Fed step in to save markets if things get worse, does the Fed Put still exist, or is the Fed trying to break the put, Danielle’s outlook for the stock market, her advice on how to invest during this time, the biggest challenges she thinks Millennials face in today’s investing climate, an update on the housing sector, what’s going on in the auto sector, why are central banks accumulating record amounts of gold in Q3 2022, and so much more!
42 min
310
MI239: Deep Dive into Apple and Google Stocks w...
Rebecca Hotsko chats with Logan Kane. In this episode they discuss why Logan went from being a value investor to more of a quantitative investor, what his quantitative investing strategy looks like and the pros of using a quant strategy, what the “Kelly Criterion” is and how it can be used to manage risk. Logan’s current outlook of the stock market and his price target for the end of 2023, what his long term outlook for the US market is, his analysis of Apple stock and why Logan put a sell rating on Apple, his valuation analysis behind Google, why he thinks Google is the most undervalued tech stock and a buy at current prices, his thoughts on Meta and Amazon at today’s valuations, what’s happening with Bitcoin, where he sees it going in the near term and over the long term, his preferred way to invest in Bitcoin, and much, much more!
56 min
311
REI151: Multifamily to Self-Storage Conversions...
Robert chats with Scott Krone about how he pivoted away from multi-family investments to converting distressed buildings into self-storage facilities in the Midwest.
38 min
312
MI Rewind: Long-Term Investing w/ Connor O’Brien
Clay Finck chats with Connor O’Brien about what it’s like working with Kevin O’Leary, also known as, Mr. Wonderful, what crowdfunding is and how anyone can invest in Connor’s own business, what the advantages are of fundraising through crowdfunding, the trends Connor is seeing in the FinTech space, what a sensible asset allocation looks like for younger investors, and much, much more!
50 min
313
MI238: A Guide to a Winning Investment Strategy...
Rebecca Hotsko chats with Larry Swedroe. In this episode, they discuss Larry’s book “The Only Guide to a Winning Investment Strategy You’ll Ever Need”, why passive investing and diversification is key to a “Winning Investing Strategy”, why active strategies such as active management, stock picking and market timing are “losing strategies”, the shocking percentage of stocks that actually outperform the market, do markets value stocks correctly, why Warren Buffett’s outperformance can be explained by factors, how investors can improve their long run returns through factor investing, the 5 rules factors must meet to invest in them, how long you have to hold these investments to earn the expected premium, why all factor ETFs are not created equal and which are best to invest in, and so much more! Larry Swedroe is head of financial and economic research office for Buckingham Wealth Partners, a Registered Investment Advisor firm in St. Louis, Mo. Previously, Larry was vice chairman of Prudential Home Mortgage. Larry holds an MBA in finance and investment from NYU, and a bachelor’s degree in finance from Baruch College.To help inform investors about the passive investment approach, he was among the first authors to publish a book that explained passive investing in layman’s terms — The Only Guide to a Winning Investment Strategy You'll Ever Need (1998 and 2005). He has also authored over 18 more books. He also writes for AdvisorPerspectives.com, AlphaArchitect.com, and TheEvidenceBasedInvestor.com.
68 min
314
REI150: Developing Short-Term Cabin Rentals w/ ...
Robert chats with Alex Jarbo, a short-term rental developer and manager with the goal of building 650 cabins within the next 3 years. Alex is the founder and CEO of Sargon Investments and holds an MBA with a concentration in Real Estate Development. He is a former Marine and also currently working on his Doctorate in Business with a focus on Leadership.
35 min
315
MI Rewind: What is Money? w/ Jim Crider
Clay Finck chats with Jim Crider about what money really is, the attributes of good money, why an unstable form of money causes issues in an economy, why gold was chosen as money by the free market for centuries, the history of money in the United States, why Bitcoin has value, Jim’s thoughts on diversification, and much more!
65 min
316
MI237: Are We In an Index Fund Bubble? w/ Eric ...
Rebecca Hotsko chats with Eric Balchunas. In this episode they discuss all things ETFs, including how the ETF space has evolved over the last year, why passive indexing is sometimes viewed as “weak hands” or “dumb money”, the passive index bubble debate, how index funds affect the underlying companies’ stock prices, Eric’s thoughts on Cath Wood’s criticisms of ETFs calling them a “misallocation of capital”, is now the worst time to be a passive index investor, what single-stock ETFs are, what investors should know about these products, are inverse ETFs a good way to bet against the market, the risks of using leveraged ETFs and why they may not perform as you expect, and so much more!
53 min
317
MI236: Bond Investing 101 w/ Brian Martucci
Rebecca Hotsko chats with Brian Martucci. In this episode, they discuss bond investing for beginners, the benefits of including bonds into a portfolio, the risks associated with these investments including: interest rate risk, inflation risk, credit risk, liquidity risk, the term structure and why a normal yield curve is upward sloping, the different types of bonds investors can buy, where investors can purchase different types of bonds, what I Savings Bonds are and the benefits they offer in this environment, what preferred shares are, and examples of different types of preferred shares, and so much more!
42 min
318
REI149: 203K Loans w/ Matt Porcaro
Robert chats with Matt Porcaro about all things 203K loan — what they are and how to use them to invest in real estate.
40 min
319
MI Rewind: Biggest Lessons of Entrepreneurship ...
Clay Finck chats with Jason Saltzman about what led Jason to pursue a career in entrepreneurship, the biggest lessons he learned in working with over 20 start-ups over his life, some of the challenges he encountered along the way and how he found a way to persevere through them, how he ended up transitioning to the consumer debt space, what tips he has for millennials to prevent debt from becoming too big of a problem, and much, much more!
44 min
320
MI235: Investing in Uncertain Times w/ Louis Gave
Rebecca Hotsko chats with Louis-Vincent Gave. In this episode, they discuss Louis’s current assessment of the global economy, why he thinks the S&P has not fully priced in the risks of a recession and how far it could still fall, Louis’s advice on how to invest in a bear market, is now time to buy the dip or remain more defensive, how to construct a well built portfolio using Louis’s 6 building block framework and examples of investments that fall into each, what investments he sees as the most promising sectors, his outlook on Chinese equities, including Alibaba, and emerging markets, his thoughts on whether we are heading into a deflationary bust or not, his outlook on the risks around China and the de-dollarization of their economy, what this would mean for the US and global markets, and so much more!
58 min
321
REI148: Real Estate Market Update with Data Sci...
Robert brings back Neal Bawa to discuss the state of the real estate market in late-2022.
44 min
322
MI Rewind: The Psychology of Money & Behavioral...
Robert Leonard chats with Daniel Crosby about behavioral finance, the psychology of money, Daniel’s most important money lessons after studying countless investors, common misconceptions about money, Daniel’s framework when selecting individual stocks, and much, much more!
43 min
323
MI234: How to Create a Recession Proof Financia...
Rebecca Hotsko chats with Dave Alison. In this episode, they discuss how to create a financial plan using Dave’s “Bucket Plan” method, what the three phases in his bucket plan are, how to use the “Bucket Plan” method to help you allocate your investments and rebalance your portfolio, Dave’s tips on how to protect your portfolio against periods of rising interest rates and recessions, how to allocate your investments between accounts in the most tax optimal way, how to determine when it’s time to sell some of your winners, and so much more.
65 min
324
MI233: Understanding Stock Prices vs Company Va...
Rebecca Hotsko chats with Brian Feroldi. In this episode, they discuss why stocks have value, the main factors that increase a company’s value over time, what causes stock prices to move up and down and why this sometimes has nothing to do with company value, how share repurchases and dividends impact a company’s stock price and company value, what factors can influence a company’s reported earnings and can make the P/E look inflated, what are the differences between GAAP and non-GAAP accounting, what are the main ways that earnings can be manipulated from accounting assumptions used, what are some accounting warning signs to look out for that might suggest companies might be cooking their books, what discrepancies to look for in a company’s income statement vs cash flow statements, and so much more!
48 min
325
REI147: Silicon Valley Tech Company Meets Real ...
Robert chats with Andrew Luong about how he founded a real estate proptech company and the tech-enabled real estate model he’s implementing.
50 min