TIP795: Berkshire, Moody's, & BellRing Brands w/ Stig Brodersen, Tobias Carlisle, and Hari Ramachandra

You're listening to TIP. In today's episode, I'm as usual joined by my friends and fellow value investors Tobias Carlyle and Hari Ramatandra. We kick things off with my pitch on Perxia Hathaway. We break down the investment case as the company transitions leadership to Greg Abel. We discuss what kind of returns investors can reasonably expect from here and whether Abel is new

$25 million compensation package is reasonable and aligned with shareholders. It's certainly a lot more than the $100,000 buffer took home annually, but not so much compares to the $19 million average pay package for an N SCP 500 CEO whenever you consider the size of Berksy Hathaway. Then Hardy walks us through Moody's, one of the highest quality businesses in finance, with its regulatively remote and dominant position in crediting ratings. We debate valuation and long-term risks.

Then, finally, Tobias pitches Belring Brands, a protein focused consumer company that the market is selling off heavily and currently seems to be offering a appealing valuation. Now one more quick note before we get into the episode. As we near the Berksley meeting in May, we will be hosting a few dinners and socials in Omaha for our TIP mastermind community. Our events will be a great opportunity to meet kindred spirits in the value investing space, build meaningful relationships, and discuss dog ideas and investing strategies. We will be closing the group to new applicants at the end of March, so if you would like to join us in Omaha,

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