About this episode

The episode reviews the Intrinsic Value Portfolio and discusses key investment theses for various companies.

Daniel Mahncke, Shawn O'Malley, and Kyle Grieve take a closer look at the Intrinsic Value Portfolio and some of the high-priority watchlist companies. The episode covers high-conviction portfolio holdings such as Airbnb, Universal Music Group, Reddit, and Exor, as well as watchlist companies like FICO, Trade Desk, and Nintendo. They also cover companies that might need to leave the portfolio today. Candidates are TransDigm and Copart. For each, the question is the same: What are the key points of the investment thesis, has the thesis held up, and does the current valuation still make sense? IN THIS EPISODE YOU’LL LEARN: (00:00:00) Intro(00:04:38) The key thesis behind Exor(00:15:37) The key thesis behind TransDigm and our thoughts on Copart(00:29:45) The key thesis behind Reddit(00:40:28) The key thesis behind Airbnb(00:57:58) The key thesis behind Universal Music Group(01:06:04) Our thoughts on Trade Desk(01:20:04) Our thoughts on FICO(01:29:10) Our thoughts on Nintendo Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join ⁠The Intrinsic Value Conference⁠ in Omaha this May 1, 2026! Learn how to join us in Omaha…

People in this episode

Guests: Daniel Mahncke, Shawn O'Malley, Kyle Grieve

Topics covered

• portfolio review
• investment thesis
• high-conviction holdings
• watchlist companies
• valuation analysis

Keywords

• Airbnb
• Reddit
• Adobe
• portfolio review
• investment thesis
• valuation
• TransDigm
• Copart
• FICO
• Nintendo

Mentioned in this episode

Organizations: Airbnb, Universal Music Group, Reddit, Exor, FICO, Trade Desk, Nintendo, TransDigm, Copart

More episodes of The Intrinsic Value Podcast - The Investor’s Podcast Network

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• TIVP066: Valuing Constellation Software's Spinoffs: Topicus, Lumine and co. w/ Daniel Mahncke & Shawn O’Malley · April 5, 2026 · 1h 21m
• TIVP065: Spotify (SPOT): Investing in Music in the Age of AI w/ Shawn O’Malley & Daniel Mahncke · March 29, 2026 · 1h 36m
• TIVP064: Kelly Partners Group: The Constellation Software of Accounting? w/ Daniel Mahncke & Shawn O’Malley · March 22, 2026 · 1h 17m
• TIVP063: Figma Inc. (FIG): Recovering From An 80% Post-IPO Decline w/ Shawn O’Malley & Daniel Mahncke · March 15, 2026 · 1h 12m

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