TIP355: Why Facebook Is A Value Stock w/ Bill Nygren & Mike Nicolas
In today’s episode, Trey Lockerbie welcomes back Bill Nygren and Mike Nicolas from Oakmark Funds, which currently manages over $60B in assets. When Bill and Mike were on the show last time back in April of 2020, we discussed Bank of America. Since then, BOA’s stock price has risen over 100%, so Trey takes the opportunity to discuss how they value the stock today. But, the main point of today's discussion is to take a deep dive into a potentially surprising value pick: Facebook.
IN THIS EPISODE, YOU'LL LEARN:
- (01:47 ) How Bank of America is poised for growth over the long term
- (16:19 ) How Facebook is an asset-light, money printing machine with some moonshot R&D that is potentially undervalued
- (42:55 ) How Oakmark has got comfortable with companies like Facebook, Netflix, and Amazon as “value stocks”
- (46:13 ) The growth still ahead for Facebook, and much much more
BOOKS AND RESOURCES:
- Masterworks Website
- Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool
- Browse through all our episodes (complete with transcripts) here
- Support our free podcast by supporting our sponsors
- Check out Kraken's industry-leading staking service, where you can put your crypto to work for you and earn up to 20% in additional rewards annually
- Join OurCrowd and get to invest in medical technology, breakthroughs in ag tech and food production, solutions in the multi-billion dollar robotic industry, and so much more
- Uncover thousands of business ideas and discover the steps you need to execute with My First Million. Search My First Million on your podcast app
- Savor every moment with ButcherBox. New members can get one pack of free bacon in EVERY box for the life of their membership when they sign up
- Make documents, ask a lawyer your legal questions, and sign contracts on the go with Rocket Lawyer. Head to rocketlawyer.com/workconfidently to start your free trial today
- Simplify working with multiple freelancers, set budgets, and manage projects with ease with Fiverr Business. Get 1 free year and save 10% on your purchase on with promo code INVESTORS
- Bring your WiFi up to speed with Orbi WiFi 6 from NETGEAR. Save 10% with promo code BILLION10
- Get three months free when you protect yourself with ExpressVPN, the VPN we trust to keep us private online
- Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with Blinkist. Get 25% off and a 7-day free trial today
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! 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!