Since 2014, we have been guiding investors and business people of all levels on how to grow financially and personally. Our flagship show, We Study Billionaires, is the largest stock investing podcast in the world, with more than 185 million downloads. Our newest show, The Intrinsic Value Podcast, takes things one step further. Every week, we break down a fascinating business model, from Google to John Deere, teach you about the company’s competitive advantages and challenges, and then go through different valuation approaches to estimate its intrinsic value per share. We condense dozens of hours of investment research into a single episode, helping you get a little smarter about business and investing. And if we think the stock is attractively priced after having broken it down, we add it to our Intrinsic Value Portfolio of long-term stock holdings that we build out on the show over time. Embark on this journey into intrinsic-value investing with us!
Despite Warren Buffett's famous warning that airlines are a 'death trap for investors,' Copa Holdings (CPA) emerges as a structural outlier trading at just 8x earnings with the highest profitability in the Americas, insulated from typical industry price wars by a monopolistic geographic position.
Serial entrepreneur Brad Jacobs, who delivered 55% annual returns at United Waste and a 50-bagger at XPO, is executing his largest consolidation yet with QXO, targeting $50 billion in revenue within a decade by rolling up the fragmented $800 billion building products industry through massive acquisitions.
Wix stock presents a controversial, asymmetric value opportunity trading at 4-5x free cash flow after a 30% post-earnings crash, where investors potentially get a thriving backend business ecosystem and fast-growing AI platform Base 44 for free if the company survives the generative AI transition.
Grab transformed from a cash-burning ride-hailing startup into Southeast Asia's dominant super-app by defeating Uber through hyper-local adaptation—including cash payments, tuk-tuks, and custom mapping—while building a profitable fintech ecosystem serving over 600 million people across eight diverse countries.
NVR has generated legendary 62,000% returns since 1996 by combining an asset-light land-option model with aggressive share buybacks, transforming a cyclical homebuilder into one of history's greatest compounders while traditional competitors remain burdened by heavy land ownership.
Lifco is a Swedish serial acquirer with 275+ acquisitions in niche industrial markets (dental, demolition robotics, systems) that has compounded earnings at 14% annually since its 2014 IPO without diluting shareholders, utilizing a decentralized, long-term focused strategy distinct from traditional private equity.
Satish delivers a technical masterclass tracing AI's evolution from classical statistical models to modern reasoning agents, explaining how Large Language Models function as massive linear equations with billions of parameters and why the shift to AI-driven orchestration threatens traditional software engineering roles.
Sea Limited (SE), a Southeast Asian 'super app' combining gaming (Garena), e-commerce (Shopee), and fintech (SeaMoney), trades 75% below its highs at under $90. The company utilized high-margin gaming profits to subsidize its e-commerce expansion, which recently achieved profitability, creating a potential multibagger opportunity if its non-gaming segments prove durable.
Formula 1 Group operates a capital-light monopoly holding exclusive commercial rights to the sport until 2110, generating 24%+ free cash flow margins through only 24 annual events while traditional sports franchises trade as trophy assets with poor cash flow economics.
Microsoft trades at historically low multiples (20x forward PE) following a 35% selloff, despite reporting 17% revenue growth and 60% earnings growth on a $350 billion base. The market fears massive AI capex spending and disruption to its $70 billion legacy Office profit pool, potentially creating a value opportunity similar to Alphabet in early 2025 if these concerns prove overblown.
OTC Markets Group operates as a quasi-monopoly infrastructure provider for over 12,000 over-the-counter securities, serving as the essential 'picks and shovels' play for small-cap capital markets. The company has generated exceptional shareholder returns through a capital-light model that has compounded free cash flow at 14% annually for a decade while maintaining zero debt and operating margins exceeding Alphabet.
CoStar Group, the dominant commercial real estate data company with an unassailable 37-year data moat and 59 consecutive quarters of double-digit growth, has invested $5 billion to enter the residential market with Homes.com, sparking a 50% stock selloff and activist investor revolt over concerns of capital misallocation.