Stig Brodersen is joined by Tobias Carlisle & Hari Ramachandra for another round of stock pitches. They discuss Sanofi, Remitly, and Crocs.

IN THIS EPISODE YOU’LL LEARN:

00:00:00 - Intro

00:01:54 - Why Hari is bullish on Sanofi’s strong vaccine and immunology pipeline (Ticker: NYSE: SNY)

00:05:30 - The bear case for Sanofi, including patent cliffs

00:19:26 - Why Stig is bullish on Remitly, highlighting operational leverage and a secular shift in digital payments and remittances (Ticker: NASDAQ: RELY)

00:43:10 - The bear case for Remitly, including pursuing the wrong strategy and excessive stock-based compensation

00:50:50 - Why Toby is bullish on Crocs, focusing on valuation and global growth (Ticker: NASDAQ: CROX)

01:02:36 - The bear case for Crocs, including tariffs and changing fashion trends

01:18:08 - Which live events we have planned for our Mastermind Community in 2026 — and how you can join

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members


• Check out our event in Montana
  


• Join us in Omaha for Berkshire Hathaway’s annual shareholders’ meeting
  


• Tobias Carlisle's book, Soldier of Fortune
  


• Stig Brodersen’s Portfolio and Track record
  


• Listen to Mastermind Discussion Q3 2025 | YouTube video
  


• Listen to Mastermind Discussion Q2 2025 | YouTube video
  


• Listen to Mastermind Discussion Q1 2025 | YouTube video
  


• Listen to Mastermind Discussion Q4 2024 | YouTube video
  


• Listen to Mastermind Discussion Q3 2024 | YouTube video
  


• Listen to Mastermind Discussion Q2 2024 | YouTube video
  


• Listen to Mastermind Discussion Q1 2024 | YouTube video
  


• Tobias Carlisle's podcast, The Acquirers Podcast
  


• Tobias Carlisle's ETF, ZIG
  


• Tobias Carlisle's ETF, Deep
  


• Tweet directly to Tobias Carlisle
  


• Hari's Blog: BitsBusiness.com
  


• Tweet directly to Hari
  


• Related ⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast


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