TIP728: Mastermind Q2, 2025: Microsoft, Block, Devon Energy, Adyen

You're listening to TIP. I always look forward to a quarterly mastermind episode with my friends Tobias Carlyle and Haira Machandra. If you're not familiar with the format, it's when we once record a pizza stock to the group and discuss both the bull and the bear cases. We cover a lot of ground in this episode. My pick is Microsoft and at the time of the recording,

It's the biggest market cap company in the world, and we discussed if we completely missed the boat or perhaps there is more to the story than meets the eye. Tobias's pick is a true value investing stock trading at only seven times earnings. Demon energy. And if you're right about the timing, you're looking at a huge upside. Hari is pitching not only one stock, but two in this episode, and we'll shortly jump right into it.

But before we do, I want to remind you to stick around for the second part of this episode, where my co-host Clay Fink and I discuss our upcoming TRP summit. Our summit this year is an in-person event in Big Sky, Montana. Only 30 spots available, and the premise is to network with like minded value investors Share ideas, create meaningful relationships, and, of course, enjoy delicious food in a wonderful setting. Since 2014 and through more than 180 million downloads, we've studied the financial markets and read the books that influence self-made billionaires the most.

We already have this episode, so unlocking it is cheap and permanent: the full transcript (114 minutes, 21,047 words), segment and word-level timestamps, and .txt, .srt, .vtt and word-level JSON downloads, as many times as you like, forever.

No account needed, we create one from your checkout email. With credits it is 1 credit; packs start at 5 episodes for $3.49, and monthly plans are cheaper still.