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TIP837: Adobe, Lululemon, PayPal – Are our Biggest Losers a Buy Now? w/ Daniel Mahncke & Shawn O’Malley

Overview

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TIP837: Adobe, Lululemon, PayPal – Are our Biggest Losers a Buy Now? w/ Daniel Mahncke & Shawn O’Malley

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Aug 13
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Aug 13
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

Daniel Mahncke and Shawn O’Malley take a trip down memory lane and look back at the pitches of the last year and a half – especially the ones that didn’t work out as hoped. Many companies that were seen as best-in-class businesses not too long ago experien...

Highlights

This episode is a candid review of how investment theses can weaken, even when the underlying businesses once appeared exceptional. The hosts examine falling share prices, changing competitive conditions, and the judgment required to decide whether to hold, sell, or invest.
00:00
Falling stocks can still teach valuable lessons
12:21
A premium brand can become a value trap
33:20
Sell when the thesis breaks, not just when prices fall
45:19
Strong businesses can still face dangerous disruption
58:40
Understand the business before trusting the model.
1:13:10
Buy businesses where the worst case remains tolerable
1:19:08
Even great investors are wrong four times in ten

Chapters

Intro
00:00
Why Lululemon had to leave the portfolio
04:33
What made us sell PayPal
20:11
About Adobe’s downfall and future outlook
36:08
Why Trade Desk never made it into the portfolio
58:40
Whether Daniel’s and Shawn’s conviction in CoStar is broken
1:06:53
What Daniel and Shawn learned from the companies above
1:16:37

Transcript

Daniel Mahncke: Welcome back to The Investor's Podcast. Today's episode is number 837, and it's also a little anniversary because it's the 19th episode of our stock research episodes. And the last stock I pitched to you, Shawn, was dLocal. Shawn O’Malley:...