The Intrinsic Value Podcast - The Investor’s Podcast Network

In today’s episode, Shawn O’Malley and Daniel Mahnke break down Reddit (ticker: RDDT), an emerging social media giant. Reddit became profitable for the first time in 2024, and as its user growth accelerates, the company appears to be achieving economies of scale, making it a very promising business.

In this episode, you’ll learn why Reddit is such a unique social media platform, how it cultivates community and authenticity, why the company is surprisingly tied to the hype around AI, what Reddit can do to further improve its business quality, plus so much more!

Prefer to watch? Click here to watch this episode on YouTube.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

02:12 - Why people come to Reddit and why the platform might be very durable.

04:04 - Why Reddit is such a unique social media platform.

30:15 - How the company is tapping into AI models’ demand for data to earn licensing fees.

35:12 - What Reddit is doing to revamp its advertising business.

36:28 - What underpins the symbiotic relationship between Google and Reddit.

51:12 - How Reddit uses language translation to make its content accessible to anyone worldwide.

51:35 - How Reddit can grow internationally.

1:14:50 - What is Reddit’s intrinsic value per share.

1:19:36 - Whether Shawn & Daniel add RDDT to The Intrinsic Value Portfolio.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Shawn: Twitter | LinkedIn | Email

Connect with Daniel: Twitter | LinkedIn | Email

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In today’s episode, Daniel Mahncke and Shawn O’Malley break down Moncler (ticker: MONC), an emerging leader in luxury outerwear. Known for its iconic down jackets, high-profile collaborations, and strategic expansion into new markets, Moncler has established itself as a powerhouse in the luxury fashion industry. As the company focuses on strengthening its direct-to-consumer model and expanding the luxury streetwear brand Stone Island, it’s positioning itself for more stable and profitable growth while maintaining its exclusive brand image.

In this episode, you’ll learn why Moncler stands out in the luxury fashion world, how it has built a strong brand identity rooted in both heritage and innovation, why its shift toward direct sales is so important for long-term profitability, what role collaborations and limited collections play in driving demand, plus so much more!

Prefer to watch? Click here to watch this episode on YouTube.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

02:44 - How Moncler evolved from a French, niche skiwear brand into an Italian luxury brand.

13:10 - What makes a luxury brand successful.

26:51 - Why Direct-to-Consumer is so important for luxury brands.

34:59 - How Remo Ruffini transforms niche, local brands into global luxury brands.

49:28 - What role does Stone Island play?

49:28 - How does Moncler think about further acquisitions?

52:54 - Where does future growth come from?

01:10:52 - What are the risks in a Moncler investment?

01:26:37 - Whether Shawn & Daniel add MONC to The Intrinsic Value Portfolio.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Shawn: Twitter | LinkedIn | Email

Connect with Daniel: Twitter | LinkedIn | Email

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In today’s episode, Shawn O’Malley and Daniel Mahnke break down Hershey (ticker: HSY), a company about so much more than chocolate. From Hershey’s Kisses to Reese’s, Skinny Pop, and Dot’s Pretzels, Hershey’s is home to a number of iconic brands and is turning into an increasingly diversified snacking company.

In this episode, you’ll learn how Hershey’s was founded, why chocolate brands are hard to scale internationally, why Hershey’s is diversifying into salty snacks, what Hershey’s is doing about a global cocoa shortage, plus so much more!

Prefer to watch? Click here to watch this episode on YouTube.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

04:41 - Hershey’s unique origin story

16:09 - How the company is responding to global cocoa shortages

22:19 - Why Hershey is unlikely to be acquired and its plans for growth

23:36 - The origins of Hershey’s unconventional ownership structure

29:27 - Why Hershey’s isn’t as popular outside North America

39:53 - What made Hershey’s diversify into salty snacks

42:45 - Why the stock has been so beaten up over the last 18 months

35:12 - How Hershey’s stacks up against competitors

1:00:20 - What is Hershey’s intrinsic value per share

1:07:44 - Whether Shawn & Daniel add HSY to The Intrinsic Value Portfolio

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Shawn: Twitter | LinkedIn | Email

Connect with Daniel: Twitter | LinkedIn | Email

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In today’s episode, Daniel Mahncke and Shawn O’Malley break down Nintendo (ticker: NTDOY), a global gaming powerhouse. With its legendary franchises, expanding digital services, and a growing presence beyond gaming, Nintendo is evolving into a broader entertainment empire. As the company focuses on building an everlasting ecosystem and shifting toward recurring revenue streams, it appears to be achieving greater financial stability while maintaining its reputation for innovation.

In this episode, you’ll learn why Nintendo is such a unique gaming and entertainment company, how it has built one of the most loyal fan bases in the industry, why its business model is evolving beyond traditional console cycles, what Nintendo can do to strengthen its long-term profitability, plus so much more!

Prefer to watch? Click here to watch this episode on YouTube.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

03:57 - How Nintendo evolved from a small playing card company into a global gaming powerhouse.

07:48 - Why Nintendo's consoles and games are unique in the industry.

10:03 - Why Nintendo differs from competitors like PlayStation and Xbox.

21:20 - How the introduction of online services has changed the gaming industry forever.

26:57 - How Nintendo survived the Wii U failure and stepped up its game.

35:29 - How Nintendo is turning its consoles into an everlasting gaming ecosystem.

47:04 - How Nintendo is leveraging its IP to expand beyond gaming.

01:27:14 - What is Nintendo’s intrinsic value per share?

01:31:51 - Whether Shawn & Daniel add NTDOY to The Intrinsic Value Portfolio.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Shawn: Twitter | LinkedIn | Email

Connect with Daniel: Twitter | LinkedIn | Email

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In today’s episode, Shawn O’Malley (@Shawn_OMalley_) breaks down Airbnb (ticker: ABNB), a dominant and disruptive business in the hospitality industry. Airbnb has changed how the world travels, convincing millions to spend a night in a stranger’s home, similar to how Uber convinced the world to ride in strangers’ vehicles. Shawn explores how Airbnb got its start, the business’s economics, and whether the company is an attractive investment at current prices.

In this episode, you’ll learn the secret sauce behind Airbnb, how it stacks up against the competition, what Airbnb’s flywheel looks like, how the company plans to grow, the best ways to think about valuing its shares, plus so much more!

Prefer to watch? Click here to watch this episode on YouTube.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

03:06 - Airbnb’s surprising origin story

07:56 - How Airbnb’s co-founder has continued to lead the company

23:47 - Which concerns pose the biggest downside risks for Airbnb investors

25:12 - How Airbnb is navigating regulatory controversies in cities across the world

28:25 - What impact has Covid had on the business, and why it may have made Airbnb stronger

41:00 - Airbnb’s plans for growth and continued disruption of the hospitality industry

41:20 - What underpins Airbnb’s flywheel for success

47:56 - How to think about Airbnb’s valuation and Shawn’s decision on Airbnb for The Intrinsic Value Portfolio

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Shawn: Twitter | LinkedIn | Email

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In today’s episode, Shawn O’Malley (@Shawn_OMalley_) breaks down Blue Owl Capital (ticker: OWL), an emerging giant in the world of alternative asset management that specializes in private credit. Blue Owl has quickly grown its assets under management to over $230 billion and is one of the few SPACs from 2020 to work out, yet Shawn explores whether the company is a good investment at current prices.

In today’s episode, you’ll learn how Blue Owl was born out of several mergers, how the private credit legend Doug Ostrover has built an extremely high-quality asset-management business with 91% permanent capital, why private asset classes have become so popular in recent years and whether that growth is sustainable, plus so much more!

Prefer to watch? Click here to watch this episode on YouTube.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

05:11 - How Blue Owl was born out of a merger with Dyal Capital and a SPAC.

05:11 - What the business model for an alternative asset manager looks like.

11:49 - Why alternative investing has ballooned in recent years and whether that growth is sustainable.

29:49 - Why Blue Owl’s permanent capital base is so attractive.

36:23 - How Blue Owl has continued to grow its assets under management through acquisitions.

59:04 - How to untangle Blue Owl’s convoluted corporate structure.

01:03:42 - Why financial services businesses are especially opaque and hard-to-value.

01:08:17 - Whether Shawn adds Blue Owl to The Intrinsic Value Portfolio.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Shawn: Twitter | LinkedIn | Email

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In today’s episode, Shawn O’Malley (@Shawn_OMalley_) breaks down VeriSign, a company that underpins the functioning of the internet. VeriSign acts like a toll road, collecting fees from anyone using website domains ending in .com or .net, in exchange for managing the global domain registry system and making these domains accessible.

VeriSign is a fascinating company with the fifth-highest profit margins in the S&P 500, and its shares have been increasingly snapped up by Berkshire Hathaway of late, which has become its largest shareholder. You’ll learn how VeriSign was granted its monopoly, how it supports internet infrastructure, and whether the stock is attractively valued, plus so much more!

Prefer to watch? Click here to watch this episode on YouTube.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

02:29 - How VeriSign sits at the foundation of the world’s internet.

07:22 - Why VeriSign is legally permitted to have a monopoly over the .com & .net website domains.

08:40 - How VeriSign is like a toll road by getting paid by any website ending in .com.

12:29 - What VeriSign does with its ample cash flows.

13:34 - How domain registration works and how VeriSign relies on sites like GoDaddy to drive more domain registrations.

13:44 - Why VeriSign’s monopoly likely isn’t going anywhere.

32:26 - The biggest risks, from cyberattacks to terrorism, threatening the company’s operations.

45:39 - How to think about the company’s intrinsic value and how expected returns fluctuate based on your purchase price per share.

51:15 - Whether Shawn adds VeriSign to The Intrinsic Value Portfolio.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Shawn: Twitter | LinkedIn | Email

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In today’s episode, Shawn O’Malley (@Shawn_OMalley_) breaks down AutoZone, ticker: AZO, a 100-bagger stock that continues to wow investors with its massive share repurchases after already buying back more than 90% of its total shares outstanding in the past two decades. AutoZone is a seemingly mundane auto parts retailer, a common store you’ve probably driven past or visited dozens of times, but its returns on capital are anything but average. 

Shawn goes through the company’s surprising origin story, how it scaled nationwide and internationally with a simple business model, why the business is so profitable and why it has been able to fend off Amazon so well, and whether this quality stock is attractively valued today, plus so much more!

Prefer to watch? Click here to watch this episode on YouTube.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

05:51 - How AutoZone was born out of a family grocery chain.

11:30 - How AutoZone leverages “mega hubs” to keep an inventory of over 100,000 SKUs.

13:45 - Why AutoZone is able to boost its free cash flows with negative working capital.

13:45 - How is AutoZone able to repurchase so much of its stock? 

28:37 - What has made the company so resistant to e-commerce and pressures from Amazon? 

35:58 - Why AutoZone’s customers are price insensitive and value service quality more than anything.

53:40 - Where AutoZone is expanding internationally and how that affects the business’s growth prospects.

59:59 - How to think about the company’s intrinsic value and how expected returns fluctuate based on your purchase price per share.

01:05:05 - Whether Shawn adds AutoZone to The Intrinsic Value Portfolio.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Shawn: Twitter | LinkedIn | Email

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In today’s episode, Shawn O’Malley (@Shawn_OMalley_) breaks down Vital Farms, a company that sells pasture-raised eggs with a cult-like following. Vital Farms missed the memo that eggs are supposed to be a commodity and instead has brought the “premium egg” market mainstream.

Shawn goes through how the company has scaled its business sustainably and ethically through a network of family farms, why the brand has such incredible customer loyalty, how they can continue growing, and why the stock may offer “egg-cellent” value to investors, plus so much more!

Prefer to watch? Click here to watch this episode on YouTube.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

07:20 - What makes the Vital Farms brand so special to consumers

15:15 - How Vital Farms built up a network of family farms from scratch

28:10 - How the company has leveraged its pricing power and customer loyalty to scale revenues dramatically

40:45 - What Vital Farms has done to fend off allegations of greenwashing 

46:33 - What Vital Farms can do to keep expanding its business

51:57 - How to think about the company’s intrinsic value

52:15 - Why the stock appears undervalued relative to other fast-growing, pure-play consumer packaged goods companies

57:53 - Whether Shawn adds Vital Farms to The Intrinsic Value Portfolio

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Shawn: Twitter | LinkedIn | Email

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In today’s episode, Shawn O’Malley (@Shawn_OMalley_) breaks down Alphabet — the parent company of Google, which is one of the most valuable companies in the world and probably an important part of your everyday life. Shawn explores how Google got its start, how Alphabet makes money from seemingly-free services like Gmail, Google Maps, and Google Earth, and what to make of how AI and regulatory threats could reshape Alphabet’s business model.

Shawn paints a high-level picture of the most important things to understand about this incredible business and then goes through his process for valuing each individual business unit at Alphabet. You’ll learn how Alphabet’s different business units are structured, how they make money, and how Shawn assembles a “sum-of-the-parts valuation” for the company, plus so much more!

Prefer to watch? Click here to watch this episode on YouTube.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

05:39 - Which subsidiaries make up the Alphabet conglomerate

07:58 - What to make of Alphabet’s “Moonshot Bets” division

10:33 - How to factor in Waymo and other speculative technologies into the company’s valuation

23:58 - How AI is changing search 

29:22 - In what ways Alphabet earns different forms of advertising revenue

31:33 - Why YouTube is arguably the most valuable streaming platform in the world

39:37 - Why regulatory concerns aren’t as much of a worry as you might think

45:42 - Mind-blowing stats about just how large and influential Alphabet is

48:16 - How to put together a sum-of-the-parts valuation for Alphabet

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Shawn: Twitter | LinkedIn | Email

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm